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Announcement of Personnel Changes

August 8, 2008

Yamaha Motor Co., Ltd. today announced the following personnel changes, effective August 15, 2008.

1. Changes in duties of Executive Officers

(Name)

(New position)

(Current position)

Takahiko Takeda

Executive Officer, Senior General Manager of Sales Operations, Motorcycle Headquarters, Senior General Manager of Asian Headquarters and head of the China business, Motorcycle Headquarters

Executive Officer, Senior General Manager of Sales Operations, Motorcycle Headquarters and Senior General Manager of Asian Headquarters

2. Changes in duties of General Managers

(Name)

(New position)

(Current position)

Shigeru Oshita

General Manager of Quality Assurance Division, Quality Assurance Operations, Motorcycle Headquarters

Senior Manager of 1st Body Development Division, Product Development Operations, Motorcycle Headquarters

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