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Announcement Concerning Determination of Issue Price and Selling Price and Other Matters

April 13, 2010

Yamaha Motor Co., Ltd. (the "Company") determined the issue price, the selling price and other matters relating to the issuance of new shares and the secondary offering of shares of the Company, which were resolved at a meeting of the board of directors held on April 2, 2010, as set forth below:

1. Issuance of New Shares by way of Offering (Public Offering)
(1) Issue Price yen1,231 per share
(2) Total Amount of the Issue Price

yen67,705,000,000

(3) Amount to be Paid

yen1,180.20 per share

(4) Total Amount to be Paid

yen64,911,000,000

(5) Amount of Stated Capital and Additional Paid-in Capital to be Increased

The amount of capital to be increased

yen 32,455,500,000

The amount of additional paid-in capital to be increased

yen32,455,500,000

(6) Subscription Period (in Japan)

The subscription period shall be from Wednesday,
April 14, 2010 to Thursday, April 15, 2010.

(7) Payment Date

Tuesday, April 20, 2010

  Note: The Underwriters shall purchase the shares for sale at the amount to be paid and offer them at the issue price.


2. Secondary Offering of Shares (Secondary Offering by way of Over-Allotment)
(1) Number of Shares to be Sold 8,250,000 shares
(2) Selling Price

yen1,231 per share

(3) Total Amount of the Selling Price

yen10,155,750,000

(4) Subscription Period

The subscription period shall be from Wednesday,
April 14, 2010 to Thursday, April 15, 2010.

(5) Delivery Date

Wednesday, April 21, 2010

 

3. Issuance of New Shares by way of Third-Party Allotment
(1) Amount to be Paid yen1,180.20 per share
(2) Total Amount to be Paid

(Maximum) yen9,736,650,000

(3) Amount of Stated Capital and Additional Paid-in Capital to be Increased

The amount of capital to be increased

(Maximum)yen4,868,325,000

The amount of additional paid-in capital to be increased

(Maximum) yen4,868,325,000

 

(4) Subscription Period (Subscription Date)

Monday, May 10, 2010

(5) Payment Date

Tuesday, May 11, 2010

 

[For Reference]

1. Calculation of Issue Price and Selling Price
(1)  Price Calculation Date and Price Tuesday, April 13, 2010
yen1,270
(2) Discount Rate 

  3.07 %

2.  Syndicate Cover Transaction Period
From Friday, April 16, 2010 to Wednesday, April 28, 2010.
3. Use of proceeds to be raised this time

Proceeds from the Public Offering and Capital Increase by way of Third-Party Allotment of shares to be raised this time, which are estimated to be up to 74,287,650,000 yen in total, are planned to be used in full as funds for research and development.

Under the new mid-term management plan formulated in February 2010, Yamaha Motor group will focus on "growth in the emerging markets and the ASEAN market" and "growth led by accelerated development of environmentally friendly engines and electric operation technologies", and research and development investment for three years from fiscal year 2010 through fiscal year 2012 totaling 202 billion yen is scheduled.  Out of the proceeds to be invested in research and development, 34.7 billion yen has been allocated as investment in the development of next-generation environmentally friendly engines aimed at enhancing fuel consumption efficiency in motorcycles and outboard motors, 19.3 billion yen has been allocated as investment in the development of strategically low-priced motorcycles targeted for developing countries centered around India and China, 8 billion yen has been allocated as investment in the development of new driving power (smart power), pursuing new mobility as represented by electric vehicles such as electric powered motorcycles and electrical power assisted bicycles, and the remainder has been allocated as investment in other developments.  As for the timing for expenditure of the proceeds to be raised, such proceeds are expected to be evenly allocated in each fiscal year from 2010 through 2012.

 

 

Note:  This press release does not constitute an offer of any securities for sale.  This press release has been prepared for the sole purpose of publicly announcing that the Company has resolved matters relating to the issuance of new shares and the secondary offering of our shares, and not for the purpose of soliciting investment or engaging in any other similar activities within or outside Japan.  Investors for our shares should carefully review a prospectus as well as any amendments thereto prepared by the Company prior to making any investment decisions.  This press release is not an offer of securities for sale in the United States.  The securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933.  No offer of securities in the United States will be made in connection with the above-mentioned transactions.



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