The Exup valve was Yamahas attempt to alter the exhaust configuration to improve engine flexibility and power delivery characteristics etc.Yamaha's EXUP valve on the FZR1000s
I can’t remember exactly but when the valve was operated it changed the exhaust system from a 4 - 4 - 1 with longer headers (better for low/midrange power) to 4 -2 - 1 for a theoretical increase in high-end power so it is quite different to the crude, choking, butterfly valve arrangement in our bikes.