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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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