IWATA, December 26, 2013-Yamaha Motor Co., Ltd (Tokyo: 7272) announced the following personnel changes affecting Directors and Executive Officers approved at the Board of Directors Meeting, December 26, 2013. These changes will be effective following official approval at the Board of Directors Meeting to be held immediately after the Ordinary General Meeting of Shareholders scheduled for the end of March, 2014.

Changes Affecting Directors

1. New Directors candidate

Katsuaki
Watanabe
current Senior Executive Officer,
Executive General Manager of 1st Business Unit, Motorcycle
Business Operations,
and Chief General Manager of Manufacturing Center
Toshizumi Kato current Senior Executive Officer,
President of Yamaha Motor Corporation, U.S.A
Takuya Nakata
(Outside)

2