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Announcement of Personal Changes

April 14, 2011

Yamaha Motor Co., Ltd. announces the following personnel changes, effective April 15, 2011.

Change in duties of Executive Officer
(Name) (New position) (Current position)

Masanori Kobayashi Executive General Manager of Smart Power Vehicle Business Unit, Business Development Operations and General Manager of PAS Development Division, Smart Power Vehicle Business Unit, Business Development Operations, General Manager of Technical Administration Division, Smart Power Vehicle Business Unit, Business Development Operations Executive General Manager of Smart Power Vehicle Business Unit, Business Development Operations and General Manager of PAS Development Division, Smart Power Vehicle Business Unit, Business Development Operations

Personnel change in group company
(Name) (New position) (Current position)

Junzo Saito President of Yamaha Motor España S.A. 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
  Yamaha Motor España S.A.: Manufacture of motorcycles and sale of Yamaha Motor products in Spain
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