Announcement of Personnel Changes

March 15, 2013

Yamaha Motor Co., Ltd. announces the following personnel changes.

Change in duties of Executive Officer

(Name)	(New position)	(Current position)
Tsuneji Suzuki	Executive Officer, President and representative director of Yamaha Motor Powered Products Co., Ltd.	Executive Officer

*Mr. Suzuki will be appointed as President and Representative Director of Yamaha Motor Powered Products Co., Ltd. with official approval at the Ordinary General Meeting of Shareholders held on March 18, 2012.

Change in duties of General Manager (effective March 15, 2013)

(Name)	(New position)	(Current position)
Tetsuo Onishi	General Manager of Quality Innovation Division, Quality Assurance Section, Motorcycle Business Operations	Manager of Motorcycle Development Division, 1st Business Unit, Motorcycle Business Operations

Change in group company

(Name)	(New position)	(Current position)
Osamu Ishioka	Senior General Manager of UMS Business Development Section, Business Development Operations, General Manager of Marketing Division, UMS Business Development Section, Business Development Operations, President and Representative Director of Yamaha Skytech Co., Ltd., and President and Representative Director of Nishi Nippon Skytech Co., Ltd.	Senior General Manager of UMS Business Development Section, and General Manager of Marketing Divison, UMS Business Development Section

*Mr. Ishioka was appointed as President and Representative Director of Nishi Nippon Skytech Co., Ltd. and will be appointed as President and Representative Director of Yamaha Skytech Co., Ltd. with official approval at the Ordinary General Meeting of Shareholders held on March 15 and 18, 2012 respectively.

Main businesses of the group companies referenced above;
Yamaha Motor Powered Products Co., Ltd.: Manufacture of power products (including golf cars) in Japan
Yamaha Skytech Co., Ltd.: Sale and maintenance of industrial unmanned helicopters, and training of operators
Nishi Nippon Skytech Co., Ltd.: Sale and maintenance of industrial unmanned helicopters, and training of operators