Notice Concerning the Decision of the Acquisition of Treasury Stock (Acquisition of Treasury Stock Pursuant to the Articles of Incorporation Based on the Provision of Article 165, Paragraph 2 of the Companies Act)

IWATA, March 23, 2022 - Yamaha Motor Co., Ltd. (Tokyo: 7272) announces that, at the meeting of the Board of Directors held today, the following items related to the acquisition of treasury stock based on the application of the provisions of Article 156 of Japan's Companies Act pursuant to the rewording of Article 165-3 were resolved. The details are as follows.

1. Reason for Acquisition of Treasury Stock

The objective is to improve shareholder returns and capital efficiency.

2. Details of Items Related to Acquisition

(1)	Type of shares to be acquired: Common stock of the Company
(2)	Total number of shares to be acquired: 11,000,000 shares (maximum) (Representing 3.18% of outstanding shares, excluding treasury shares)
(3)	Total amount of acquisition: ¥20.0 billion (maximum)
(4)	Acquisition period: April 1, 2022 to June 23, 2022
(5)	Acquisition method: Purchase on the Tokyo Stock Exchange market

(Reference) Status of treasury shares held as of December 31, 2021:

Total number of outstanding shares, excluding treasury shares: 345,898,119 shares

Number of treasury shares: 4,319,348 shares