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.

	Abbreviation;
	SMT: Surface mounters
	IM: Intelligent Machinery