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Announcement of Personnel Changes

March 14, 2012

Yamaha Motor Co., Ltd. announces the following personnel changes, effective March 15, 2012.

	Change in duties of General Manager

	(Name)	(New position)	(Current position)

	Kenichi Ishibuchi	General Manager of Group Administration Division, Human Resources & General Affairs Section	Senior Manager of Group Administration Division, Human Resources & General Affairs Section

	Akihiko Nagai	General Manager of Process & IT Division, Corporate Planning & Finance Section	Yamaha Motor Asia Pte. Ltd.

	Katsuhito Yamaji	Senior General Manager of Engine Manufacturing Section, Manufacturing Center and General Manager of Engine SyS Engineering Division, Engine Manufacturing Section, Manufacturing Center	Senior General Manager of Engine Manufacturing Section, Manufacturing Center

	Hiroyuki Hoshihara	General Manager of Business Planning Division, Parts Business Unit	General Manager of Accessory Division, Parts Business Unit

	Joji Higashiyama	General Manager of Accessory Division, Parts Business Unit	Yamaha Motor Europe N.V.

	Personnel change in Group Company

	(Name)	(New position)	(Current position)

	Naoki Arima	President and Representative Director of TOYOBESQ CO., LTD.	Executive Director of TOYOBESQ CO., LTD.



	Mr. Arima was appointed as President and Representative Director of TOYOBESQ CO., LTD. with official approval at the Ordinary General Meeting of Shareholders held on March 12, 2012.



	Mitsuyoshi Suzuki	President and Representative Director of Yamaha Motor Solutions Co., Ltd.	General Manager of Process & IT Division, Corporate Planning & Finance Section



	Mr. Suzuki will be appointed as President and Representative Director of Yamaha Motor Solutions Co., Ltd. upon official approval at the Ordinary General Meeting of Shareholders to be held on March 15, 2012.

	Abbreviation;
	SyS: System Supplier

	Main businesses of the group companies referenced above;
	Yamaha Motor Asia Pte. Ltd.: Trading firm operations, financial assistance and other operations in Singapore 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 TOYOBESQ CO., LTD.: Manufacture, sales, and import/export of precision parts for motorcycles, automobiles, outboard motors and production equipment Yamaha Motor Solutions Co., Ltd.: Development, operation and maintenance of computer and information systems

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