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Announcement of Personnel Change

November 14, 2011

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

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

Mitsuo Iseki President of Yamaha Motor IM
America, Inc.
Manager of SMT Sales & Marketing
Division, IM Business Unit, Business
Development Operations
  Main businesses of the group company referenced above;
  Yamaha Motor IM America, Inc.: Sales and service of surface mounters, industrial robots and electric wheelchairs in the U.S.
  SMT: Surface mounters
  IM: Intelligent Machinery
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