Announcement of Personnel Changes in the Office of Directors and Executive Officers

December 24, 2008

Yamaha Motor Co., Ltd. announces the following changes affecting Directors and Executive Officers, effective March 25, 2009, approved at the Board of Directors meeting, December 24, 2008.

1. New Director candidate

Yuko Kawamoto*

Director (Professor, Waseda University Graduate School)
*Yuko Kawamoto is a candidate for Outside Director.

2. Resignations of Directors

Hiroyasu Miyao	Scheduled to assume the position of Advisor

Shohei Kato	Scheduled to assume the position of Advisor

3. Change in position of Executive Officer

Hiroyuki Yanagi

Senior Executive Officer (current Executive Officer, Senior General Manager of SyS Operations, Motorcycle Headquarters)

4. New Executive Officer candidates

Nobuya Hideshima	Executive Officer (current Senior General Manager of Procurement Operations, Motorcycle Headquarters and General Manager of Procurement Planning Division, Procurement Operations, Motorcycle Headquarters)

Takahiko Goan	Executive Officer (current President of Thai Yamaha Motor Co., Ltd. and President of Yamaha Motor Asian Center Co., Ltd.)

Hiroshi Yoshii	Executive Officer (current General Manager of 2nd SyS Division, SyS Operations, Motorcycle Headquarters)

Yoshiaki Hashimoto	Executive Officer (current General Manager of Human Resources Development Division)

Kunihiko Miwa	Executive Officer (current General Manager of 2nd Body Development Division, Product Development Operations, Motorcycle Headquarters)

Masahiro Takizawa	Executive Officer (current General Manager of Corporate Planning Division)

5. Resignations of Executive Officers

Akira Araki	Senior Executive Officer, Senior General Manager of Product Development Operations, Motorcycle Headquarters

Masahiro Inumaru	Executive Officer, Senior General Manager of Brand Management Operations and Senior General Manager of Marketing Operations, Motorcycle Headquarters

Noritaka Shibata	Executive Officer, Senior General Manager of Parts Operations

* Abbreviations:
	SyS: System Supplier

* Major business lines of the group companies referenced above:
	Thai Yamaha Motor Co., Ltd.:
		Manufacture of motorcycles in Thailand
	Yamaha Motor Asian Center Co., Ltd.:
		Development of motorcycles and other products,and promotion of cross-trade and other businesses in Thailand

RESUME

Yuko Kawamoto
Director (Outside)

Birth date: May 31, 1958
Birthplace: Tokyo

1982	:	Graduated from the Faculty of Letters, the University of Tokyo
1982	:	Joined the Bank of Tokyo, Ltd.
1988	:	Graduated from Oxford Graduate School, Master's Programme in Economics
1988	:	Joined Tokyo Office of McKinsey & Company
1993	:	Manager, Paris Office of McKinsey & Company
1999	:	Expert, Tokyo Office of McKinsey & Company
2001	:	Senior Expert, Tokyo Office of McKinsey & Company
2004	:	Professor, Graduate School of Finance, Accounting and Law, Waseda University (to present)
2009	:	Scheduled to assume the position of Director of Yamaha Motor Co., Ltd.

Positions concurrently held

Outside Director of Osaka Securities Exchange Co., Ltd.
Outside Director of Resona Holdings, Inc.
Outside Director of Monex Group, Inc.
Outside Corporate Auditor of Tokio Marine Holdings, Inc.