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Announcement of Personnel Changes

March 26, 2008

Yamaha Motor Co., Ltd. today announced the following personnel changes, decided at the meeting of the Board of Directors after the 73rd Ordinary General Meeting of Shareholders held on March 26, 2008.

1. Changes in duties of Directors (effective March 26, 2008)

(Name)

(New position)

(Current position)

Toyoo Ohtsubo

Director and Senior Executive Officer in charge of corporate quality assurance, Senior General Manager of Product Assurance Operations

Director and Senior Executive Officer, General Manager of Process & IT Division

2. Changes in duties of General Managers (effective March 26, 2008)

(Name)

(New position)

(Current position)

Yoshimi Ohishi

General Manager of Internal Control Auditing Division

Yamaha Motor Corporation, U.S.A.

Mitsuyoshi Suzuki

General Manager of Process & IT Division and Manager of IT Global Strategy Department, Process & IT Division

Manager of IT Global Strategy Department, Process & IT Division

Abbreviations:

IT: Information Technology

Major business lines of the group company referenced above:

Yamaha Motor Corporation,U.S.A.: Import and sales of Yamaha products in the U.S.

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