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Announcement of Organizational and Personnel Changes

April 14, 2008

Yamaha Motor Co., Ltd. today announced the following organizational and personnel changes, effective April 15, 2008.

1. Changes in duties of Executive Officers (effective April 15, 2008)

(Name)

(New position)

(Current position)

Nobuaki Shiraishi

Executive Officer, President of RV Company

Executive Officer, President of RV Company and General Manager of Quality Assurance Division, RV Company

2. Organizational changes (effective April 15, 2008)

The Research & Development Operations will be reorganized in order to more effectively promote the Company's long-term vision and technological vision, as well as action plans in its companywide technological strategy.

Specific changes are as follows:

1)

The Planning Division of Research & Development Operations will be renamed the Technology Planning Division.

2)

The Power Source Research Group in the Advanced Technology Research Division of Research & Development Operations will be raised to division status and renamed the Powertrain Technology Research Division.

3)

The Materials Research Group and the Materials Analysis Group in the Advanced Technology Research Division of Research & Development Operations will be integrated, raised to division status and renamed the Materials Division.

4)

The Fuel Cell Systems Group in the Advanced System Research Division of Research & Development Operations will be integrated with the EV Engineering Division of Product Development Operations at Motorcycle Headquarters, and renamed the Smartpower Technology Division.

5)

The Environmental Equipment Business Group of Research & Development Operations will be raised to division status and renamed the Environmental Equipment Business Division.

The DP Engineering Division of SyS Operations at Motorcycle Headquarters will be shifted into Product Development Operations, also at Motorcycle Headquarters. The organizational change aims to more fully integrate product development.

3. Changes in duties of General Managers (effective April 15, 2008)

(Name)

(New position)

(Current position)

Masahisa Hirano

General Manager of Technology Planning Division, Research & Development Operations

General Manager of Planning Division, Research & Development Operations

Hiroyuki Tsuzuku

General Manager of the Powertrain Technology Research Division, Research & Development Operations

Senior Manager of Advanced Technology Research Division, Research & Development Operations

Toshikatsu Koike

General Manager of Materials Division, Research & Development Operations

Senior Manager of Advanced Technology Research Division, Research & Development Operations

Yu Motoyama

General Manager of Advanced System Research Division, Research & Development Operations

General Manager of Advanced Technology Research Division, Research & Development Operations

Kazuki Takahashi

General Manager of Smartpower Technology Division, Research & Development Operations

General Manager of Advanced System Research Division, Research & Development Operations

Shunji Fukushige

General Manager of Environmental Equipment Business Division, Research & Development Operations

Senior Manager of Research & Development Operations

Takashi Tominaga

General Manager of Component Development Division, Product Development Operations, Motorcycle Headquarters

General Manager of EV Engineering Division, Product Development Operations, Motorcycle Headquarters

Toshimasa Morita

General Manager of DP Engineering Division, Product Development Operations, Motorcycle Headquarters

General Manager of DP Engineering Division, SyS Operations, Motorcycle Headquarters

Norio Hayashi

General Manager of Quality Assurance Division, RV Company

General Manager of Component Development Division, Product Development Operations, Motorcycle Headquarters

4. Personnel changes in group companies

(Name)

(New position)

(Current position)

Tsutomu Mabuchi

President of India Yamaha Motor Pvt. Ltd. and President of Yamaha Motor India Sales Pvt. Ltd.

President of Yamaha Motor India Sales Pvt. Ltd.

Abbreviations:

RV: Recreational Vehicle

EV: Electric Vehicle

DP: Digital Platform

SyS: System Supplier

Major business lines of the group companies referenced above:

India Yamaha Motor Pvt. Ltd.:Manufacture of motorcycles in India

Yamaha Motor India Sales Pvt. Ltd.:Marketing of motorcycles in India

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