Announcement Concerning the Continuation of Takeover Defense Measures Against Attempts of Mass Acquisition of the Company’s Shares

March 26, 2015

First Quarter of Fiscal Year Ending December 31, 2015

IWATA, March 26, 2015 – Yamaha Motor Co., Ltd. (the “Company”) announces that at the Board of Directors meeting held today, it has resolved on the continuation of takeover defense measures against attempts of mass acquisition of the Company’s shares (the “Plan”) for the protection and enhancement of the Company’s corporate value and the shareholders’ common interests.

The Company, through the resolution at its Board of Directors Meeting held on February 14, 2013, revised the Plan that had been implemented until then from the perspective of protecting shareholders and investors. The fundamental contents of the revision was endorsed by the approval of shareholders at the 78th Ordinary General Meeting of Shareholders held on March 26, 2013 (the “Shareholders’ Meeting Approval”). The contents of the Plan were disclosed in the Company’s press release dated February 14, 2013, titled “Announcement Concerning the Renewal of Takeover Defense Measures Against Attempts of Mass Acquisition of the Company’s Shares.”

Under the Plan, the effective term for the Shareholders’ Meeting Approval is three years during which the Board of Directors may determine the contents of the Plan on a yearly basis within the scope authorized by the Shareholders’ Meeting Approval, and the fundamental contents of the Plan after the continuation remains the same as resolved last year.