Announcement of Personnel Changes

March 26, 2015

IWATA, March 26, 2015 – Yamaha Motor Co., Ltd. announces the following personnel change, which was approved at the Board of Directors Meeting after the 80th Ordinary General Meeting of Shareholders today.

Change in duties of Executive Officers (effective March 26, 2015)

(Name)	(New position)	(Current position)
Junzo Saitoh	Executive Officer, Chief General Manager of Human Resources & General Affairs Center	Deputy Chief General Manager of Human Resources & General Affairs Center