Yamaha and Valentino Rossi Together Again in 2007

Mugello, Italy**
1/6/2006 For Immediate Release

Yamaha Motor Co. Ltd is delighted to announce that Valentino Rossi will remain with the Japanese factory in2007, racing for a fourth year with Yamaha's Factory Team in the MotoGP World Championship. Rossi willcontinue to spearhead Yamaha's Grand Prix challenge and bike development, as MotoGP enters a new era of800cc racing in 2007.

Rossi has enjoyed huge success with Yamaha since he joined the factory just over two years ago and everyone of his races has captured the true spirit of `Kando', the Japanese word for the sensation of intenseexcitement that we experience when we encounter something of supreme quality.

The Italian won the championship with the YZR-M1 on his first try in 2004 and again in 2005, when Yamahatook a clean-sweep of Riders', Team and Manufacturers' Championships in the year of it's 50th Anniversary.2006 has proved more difficult for the World Champion, with just one win so far this season after a series ofunfortunate occurrences, but Yamaha has every faith that Rossi will recover his winning-form, starting at hishome Grand Prix in Mugello this weekend.

Speaking from Mugello today, Yamaha Motor Racing Managing Director Lin Jarvis commented, "We are firstlydelighted that Valentino has chosen to stay in MotoGP. He is a great ambassador for motorcycle racing ingeneral and extremely important to the global image of this sport. He is the most talented and the fastest rideron the grid and the benchmark to which others aspire.

"We are extremely happy that Valentino has chosen to continue his illustrious MotoGP career with Yamaha in2007. Yamaha and Valentino have an excellent relationship and we have enjoyed great success togethersince our partnership was born in 2004. It's exciting news for Yamaha's fans; Valentino's worldwide appealunites them under one banner and brings more and more people daily into the Yamaha `family'.

"Of course it's of key importance to us that Valentino will now be in a position to lead the development ofYamaha's new 800cc project for 2007. His input will be invaluable and we believe we will be able to challengeto win the title next year with the new bike. Both Valentino and Yamaha relish the new challenge ahead."In the meantime our short term goal is to provide him with the means to defend his MotoGP title this year. Weare confident that Valentino can recover from an unlucky start to his title defence, starting at our FactoryTeam's home race in Mugello this weekend."

"I'm very pleased to be staying with Yamaha next year", announced the 27-year-old from Tavullia, "These pasttwo years with Yamaha have been two of the best of my career and I am extremely happy to stay with themand with my team. I believe I have made the right choice and I am very excited about the challenge of a newclass of racing with Yamaha next year."