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February 7, 2007

Notification of Changes in the Special Benefit Plan for Shareholders

This notification is to inform shareholders of a decision made by Yamaha Corporation at the Board of Directors' meeting held on February 7, 2007, to introduce changes in the special benefit plan for shareholders.
1. Reasons for the Change
To return a portion of profit generated, Yamaha instituted a special benefit plan for its shareholders owning 100 shares or more. To encourage a broader range of shareholders to take advantage of this plan, Yamaha made some changes to the plan.
2. Outline of Changes in the Plan
Prior to Changes After Changes
Shareholders owning one trading unit (100 shares) or more
  •  
Complementary gift coupons for shareholders
-  Discount coupon to Yamaha Resorts (six coupons)
Coupons for free registration for the Yamaha musical instrument rental service (two coupons)
Discount tickets to Jubilo Iwata J-League games (four tickets)
  •  
An original CD featuring Yamaha-affiliated artists for shareholders
  •  
Complementary gift coupons for shareholders
   
 
 
 
Coupons for free registration for the Yamaha musical instrument rental service (two coupons)
Discount tickets to Jubilo Iwata J-League games (four tickets)
  •  
An original CD featuring Yamaha-affiliated artists for shareholders
  •  
Free Yamaha download service for mobile phone ring tones
Shareholders owning 10 trading units (1,000 shares) or more
  •  
In addition to the benefits provided for holders of one trading unit (100 shares) or more: Six bimonthly issues of Yamaha's musical lifestyle magazine Myujin
(Same)
* The underlined portions are the benefits that have been changed.
3. Date the Changes Will Go into Effect
The changes will go into effect for shareholders owning one trading unit (100 shares) or more according to the Register of Shareholders and Register of Beneficial Owners as of March 31, 2007.

For further information, please contact

Yamaha Corporation

Public Relations Division,
Public & Investor Relations Group

TEL. +81-3-5488-6601
FAX. +81-3-5488-5060

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