On May 13, 2004, The Yokohama Rubber Co., Ltd., at the Meeting of its Board of Directors, decided the following changes in directorships and the introduction of the position of Corporate Officers, to become effective upon approval at the General Meeting of Shareholders to be held on June 29, 2004.

■Promoted Director and Corporate Officer (Current position)
・Yasuo Tominaga, Chairman and Representative Director (President and Representative Director)
・Tadanobu Nagumo, President and Representative Director (Executive Director)
・Keigo Ueda, Director and Senior Managing Corporate Officer (Managing Director)
・Takashi Sugimoto, Director and Senior Managing Corporate Officer (Managing Director)
・Toshihiko Shiraki, Managing Corporate Officer (Director)

■Retiring from the Board (New position)
・Hisao Suzuki, Vice President and Representative Director (Senior Advisor
)
・Keimei Kiyoura, Executive Director (Honorary Advisor, President of Hamagomu Real Estate Co., Ltd.)
・Kouji Ikawa, Managing Director (Advisor, Chairman of Yokohama Tire Corporation)
・Seiji Miyashita Managing Director (Advisor, President of Acty Corporation)
・Takashi Yamashita, Managing Director (Managing Corporate Officer)
・Toshihiko Shiraki, Director (Managing Corporate Officer)
・Masamichi Danjo, Director (Corporate Officer)
・Akihisa Takayama, Director (Corporate Officer)
・Michio Yuge, Director (Corporate Officer)
・Hiroshi Hosoya, Director (Corporate Officer)
・Toshio Izawa, Director (Corporate Officer)
・Yasuhiro Mizumoto, Director (Corporate Officer)

■Promoted to Corporate Officer (Current position)
・Shinichi Suzuki (General Manager of Mishima Plant)
・Koichi Tanaka (General Manager of Tire Sales Promotion Dept.)
・Takashi Fukui (General Manager of Tire Overseas Sales Dept. No. 1 and General Manager of Dusseldorf Europe Head Office)
・Toru Kobayashi (General Manager of Tire Planning Dept.)
・Toshihiko Suzuki (General Manager of PC Tire Designing Dept.)
・Norio Karashima (Yokohama Tire Corporation)

Yokohama Rubber plans to establish the following new management after the General Meeting of Shareholders to be held on June 29, 2004.