Announcement Concerning the Renewal of Takeover Defense Measures Against Attempts of Mass Acquisition of the Company's Shares

February 14, 2013

Yamaha Motor Co., Ltd. (the "Company") adopted measures against attempts of the acquisition of 20 percent or more of the Company's shares, in accordance with shareholders' approval at the 72nd Ordinary General Meeting of Shareholders held on March 27, 2007. The Company also resolved to renew the said measures based on the resolution at the Board of Directors Meeting of the Company held on February 12, 2010 and shareholders' approval at the 75th Ordinary General Meeting of Shareholders of the Company held on March 25, 2010 (the "2010 Approved Resolution").

It is our pleasure to announce that, due to the fact that the effective term of the 2010 Approved Resolution is until the conclusion of the first Board of Directors Meeting to be held after the conclusion of the 78th Ordinary General Meeting of Shareholders scheduled to be held on March 26, 2013, the Board of Directors Meeting of the Company at its meeting held on today resolved to continue the said measures in a form that has been partially revised from the perspective of protecting shareholders and investors on the condition that approval at the General Shareholders' Meeting is obtained.