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Announcement of Personnel Change

February 14, 2011

Yamaha Motor Co., Ltd. announces the following personnel change, effective February 15, 2011.

Change in duties of General Manager
(Name) (New position) (Current position)

Takeo Ishii General Manager of Finance & Accounting Division, Corporate Planning & Finance Section Yamaha Motor Europe N.V.
  Main businesses of the group companies referenced above;
  Yamaha Motor Europe N.V.: Import and sales of Yamaha Motor products in the Netherlands, marketing of Yamaha Motor products in Europe, product development, finance and other businesses
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