The following is from Yamaha...

Masahiko Nakajima (MN) - MotoGP Group Leader and Fiat Yamaha Team Director
Lin Jarvis (LJ) - Managing Director, Yamaha Motor Racing
Davide Brivio (DB) - Team Manager, Valentino Rossi
Wilco Zeelenberg (WZ) - Team Manager, Jorge Lorenzo

Q. (To MN) Are you satisfied with the development of the M1?

A. (MN) Difficult to say! It's too early to say how the development is but so far, on the first day of the winter test, we
have quite good results and we are quite satisfied.

Q. (To LJ) This morning you announced new sponsors for the FYT. There is a still a critical situation in the global
economy; how is Yamaha's situation and does this situation affect the Tech 3 Racing team?

A. (LJ) Yamaha's situation globally at the moment is difficult because, like every global company, they are facing
difficulties due to the economic situation. We are struggling, I would say, in the business in Europe and America,
but the business in Asia is quite positive for us at the moment so it's not by accident that one of our new sponsors
is actually Yamaha Motor Indonesia, and we are carrying their marketing slogan on our bikes this year. The slogan
‘Semakin de Depan means ‘Always One Step Ahead' so this is showing that this region, the Asian region, is one of
the growth areas for motorcycles. So we are positive for our future and we will be putting a lot of effort into the Asian
zone, and it is not by accident that we're here today launching the team in Asia. We also have an extension of our
Fiat group sponsorship because we're joined by Iveco, so another member of the Fiat group is joining us this year. I
think we will be in a good condition to fight for the championship and we will do our best again.

Q. (To DB) How is the level of confidence in the team?

A. (DB) Today was the first test and of course it's early to say, but we've made a good start. Valentino was in good
shape, he did many laps and he was also quite fast since the start and with a good pace. We started to test the 2010
bike and we found some positive things, so it was a good day, so for the moment we're happy. As I say we've just
started our job, but we've started well.

Q. (To WZ) Can you tell us about your first day in the Fiat Yamaha Team and in your side especially?

A. (WZ) Everything went quite smoothly, Jorge is quite happy with the bike except that he trained a lot over the winter
with motocross and trials bikes so he had to adapt a little bit to the smaller race bike and that took a bit of time, but at
the end of the day he was there. We have some time to improve tomorrow but he felt better and better.

Q. (To MN) Do you think that Yamaha has reached the goal that Valentino asked for at the end of last year, to improve
the power of the engine within the new engine rules?

A. (MN) At this stage it's difficult to say but this year's key subject is durability because we have to maintain almost
twice the durability from last year. Last year our engine mileage limitation was 1200 km and so this year we have to
maintain more than 2000 km, so our key issue is durability. But we have also developed performance so at this stage
I can say that we have improved to ‘medium range' from last year. We will still continue to develop in order to satisfy
our rider.

Q. (To LJ) Do you think that there will be the possibility to maintain both riders in your team, or will Yamaha have to
choose the rider for the future.

A. (LJ) If you ask me at the end of the year it will probably be easier to answer! Yamaha has the two strongest riders
in the world in our team and it would be perfect if we were able to continue like this in the future. I think that the rider
negotiations will go on mostly in the first half of the year and the summer time, maybe in the start of the second half
things will become clearer. It's not only Yamaha riders' contracts that expire, also Stoner's and Pedrosa's, so this will
give a clearer idea of the position.

Q. (To LJ) In your opinion is it possible that they can stay together?

A. (LJ) In my opinion it is possible. So...we will see!

Q. (To LJ) Because of the economic situation, do you think that, in mid-season, Yamaha will have the economic
power to retain both riders?

A. (LJ) It depends on the cost! Economics is of course a factor for everybody at the moment; all constructors and all
teams are facing increasing pressure on their budgets, it's very difficult to project at the moment but let's see how the
situation and the business evolves.

Q. I think that the information that's going to be shared between Valentino and Jorge is going to be tightened up a
little bit this year...is that true?

A. (MN) Yes...so each team will have their own data, and they won't see the other team's data. Only the Yamaha
engineers will be able to look at all the data and take it back to both riders.

Q. (To WZ) Coming from the Supersport championship, how was your approach to MotoGP today? Did you find
anything that surprised you?

A. (WZ) There was a lot of noise! We arrived here on Monday and we had to build up the bikes and, when you're in
production racing you use production parts and when you come to MotoGP you use factory parts and I have to say
that makes a huge difference. I've seen the bike before but it's a racing machine and it's a completely different story
to in production racing like superbike or supersport.

Q. (To LJ) What is your real expectation about this season and about the four riders?

A. (LJ) I think we are very fortunate at the moment that we have the four riders and you could say that, on paper,
we have three of the five top riders in the world from last season and then Ben Spies is probably the hottest rookie
coming into the package. So it's an enviable situation to have four such talented riders in Yamaha. I think both teams
are going to have internal competition. The competition between Valentino and Jorge is well documented, and it's
very clear that they're one and two. But also having two Texans in a team is going to be quite hot; one of them is
riding at the best of his career in MotoGP, Colin is not the youngest rider out there but he has a lot of fire within and
I'm sure he'll be pushing Ben to see who's top dog, then you have Ben coming into MotoGP with nothing to lose and
his career ahead of him. It's going to be interesting and I think that with our riders it's not only their riding performance
but also their characters; we have four real characters and that's our contribution to the MotoGP world. I think it's
going to be exciting.

Q. (To DB) Are you going to change anything in your internal working procedures in respect to last year? Do you
expect any change within the team?

A. (DB) No, we don't expect any changes. The team is very stable, for many years and their working procedure is well
organised. Of course there are changes due to working regulations, we only have six engines to manage and this is
one of the things that will affect the weekend job. We experienced in 2009 for the first time the tyre limitation, but for
the rest there is an ongoing evolution in the way we work. For example now compared to four or five years ago we
send much more time thinking about electronics and discussing in technical meetings about electronics. So there are
evolutions in the way we work but the organisation is quite stable and this is one of our strong points. Starting from
the rider, the engineers, the mechanics, everybody. We will keep going and hope for the same result.

Q. (To the two team managers) What was your impression from your riders today about their spirit and will to be
back on the bike?

A. (DB) As far as Valentino is concerned it was a good day, as I said before and we found him fast from the beginning.
Already on the second run he started to be very fast and once again, even despite many years together he surprises
us with his motivation. He seems in very good shape so in spite of all the years he seems motivated and in good
shape as always.

(WZ) I agree with Davide. It seems both riders have a bit of a problem to start in the morning! But this morning was
quite okay, Valentino started off a bit better because he was directly fast, while Jorge took a bit of time to get into his
rhythm, but as I explained before he id a lot of MX and trial riding in the winter and it took a bit of time but they were
both really eager to start this morning on their new bikes.

Q. So testing in F1 could be a good preparation for MotoGP riders, if Valentino is already so fast at the start of
testing?!

A. (DB) Yes! Maybe testing in F1 means he arrives here with the mind already set on track...it's a completely different
thing but you still need to talk about setting, tyres and speed so maybe it's true that he arrived here prepared, from a
sporting point of view. But it's a completely different job.

Q. (To LJ) Please explain why Furusawa-san isn't here, at the first test of the year?

A. (LJ) You will see Furusawa-san many, many times this year, he remains the top of engineering within Yamaha,
very involved in this, so the fact that he is not here doesn't really mean anything except that he has a very big and
important job to do because he's responsible not just for racing, but for all other engineering within the business.

Q. Does the new engine rule mean we won't see any more burnouts after the victory?

A. (LJ) I don't expect any...all of our riders are very focused on their results throughout the season, with only six
engines you can't afford to make mistakes like that.