Acting President Appointed by Yamaha Motor Company

At its Extraordinary Board of Directors Meeting held on December 4, 2009, Yamaha Motor Co., Ltd. (the "Company") resolved that the current Managing Executive Officer and Representative Director, Takaaki Kimura, will serve as acting President of the Company effective December 4. Mr. Kimura was appointed to carry out the duties of the President, Chief Executive Officer and Representative Director as a temporary measure in place of Mr. Tsuneji Togami who is now hospitalized for medical treatment.

First, I would like to apologize for inconveniencing so many people by temporarily transferring my duties and responsibilities as Company President, even though I have just only assumed the position effective November 1, 2009.

I am personally determined to take the initiative in implementing our corporate structural reform. However, I do not believe we can afford to leave a vacuum in the Company's top management in the current harsh business environment for my own health reasons. Therefore, I have decided to ask our Managing Executive Officer and Representative Director, Takaaki Kimura, to serve as acting President. I will dedicate all my energies to treatment and recovery, seeking to return to my position as quickly as possible. I will then be able to do my best in helping restructure the Yamaha Motor Group.

In this crucial period, when we must focus on implementing our structural reform package to restructure the Yamaha Motor Group as quickly as possible, I feel a particularly keen sense of responsibility, having been appointed to serve as acting President.

My mission during Mr. Togami's absence will be to implement our structural reform more swiftly and return to profitability in the fiscal year ending December 31, 2010 on a consolidated basis. I recognize that this will require concerted, group-wide efforts.