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Announcement of Personnel Changes

November 14, 2012

Yamaha Motor Co., Ltd. announces the following personnel change, effective November 15, 2012.

Change in duties of General Manager
(Name) (New position) (Current position)

Yasuyuki Matsushita General Manager of Fukuroi South
Factory, Marine Engine Business Unit, Marine Business Operations and
General Manager of Production Promote Division, Marine Engine Business Unit, Marine Business Operations
General Manager of Fukuroi South Factory, Marine Engine Business Unit, Marine Business Operations
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