Announcement Concerning the Approval at the Ordinary General Meeting of Shareholders of the Renewal of Takeover Defense Measures against Attempts of Mass Acquisition of the Company's Shares

March 26, 2013

This document has been translated from the Japanese original, for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

Yamaha Motor Co., Ltd. (the "Company") resolved at the Board of Directors Meeting held on February 14, 2013 to continue the takeover defense measures against attempts of mass acquisition of the Company's shares that were adopted in accordance with shareholders' approval at the 72nd Ordinary General Meeting of Shareholders held on March 27, 2007 and were renewed based on the resolution at the Board of Directors Meeting held on February 12, 2010 and shareholders' approval at the 75th Ordinary General Meeting of Shareholders held on March 25, 2010, under the conditions that it was partially revised from the perspective of protecting shareholders and investors and that approval at the 78th Ordinary General Meeting of Shareholders (hereinafter the "General Shareholders' Meeting") is obtained. It is our pleasure to announce that at the General Shareholders' Meeting held today, the Proposed Resolution 6 "Renewal of Takeover Defense Measures against Attempts of Mass Acquisition of the Company's Shares" was resolved (hereinafter the revised measures are referred to as the "Plan").

For details on the Plan, please refer to the press release "Announcement Concerning the Renewal of Takeover Defense Measures against Attempts of Mass Acquisition of the Company's Shares" dated February 14, 2013.

The Company shall follow the Plan and continue with efforts to protect and increase the common interests of the shareholders of the Company.