Acquisition of Own Shares

Toyota Motor Corporation
08 November 2006


Member of Financial Accounting Standards Foundation

                                (TRANSLATION)


                                                                November 8, 2006

To Whom It May Concern:

                                                                   Company Name:

                                                        Toyota Motor Corporation
                                               Name and Title of Representative:
                                                    Katsuaki Watanabe, President
                                                              (Code Number: 7203
                                      Securities and exchanges throughout Japan)
                                               Name and Title of Contact Person:
                                                                    Takuo Sasaki
                                            General Manager, Accounting Division
                                                  Telephone Number: 0565-28-2121


                    Notice of Acquisition of Shares through
              N-NET Closing Price Orders on Nagoya Stock Exchange


Toyota Motor Corporation ('TMC') resolved the method for acquiring its shares
based on the limit, which was established at a meeting of the Board of Directors
of TMC held on November 7, 2006, for acquiring its shares pursuant to the
provisions of Article 156 of the Corporation Act, and we hereby inform you as
follows.


1.    Type of shares to be acquired                         Shares of common stock of TMC

2.    Aggregate number of shares to be acquired             20,000,000 shares

3.    Date of acquisition                                   November 9, 2006

4.    Purchase price                                        JPY 7,230 per share

5.    Method of acquisition

      Purchase through N-NET closing price orders on the Nagoya Stock Exchange during the period from 8:
      20 a.m. to 9:00 a.m. on November 9, 2006 (purchase orders shall only be made during such trading
      hours.)

6.    Publication of the results of acquisition

      The results of acquisition will be announced after the conclusion of the 9:00 a.m. trading hour of
      November 9, 2006.

(Note 1)         The above number of shares shall not be changed.  However, there is a possibility that
                 a part or all of such shares may not be acquired due to market conditions, etc.

(Note 2)         The shares for which orders to sell have been placed shall be acquired up to the number
                 of shares scheduled to be acquired.


(Reference)

Matters resolved at the 102nd Ordinary General Shareholders' Meeting held on
June 23, 2006

• Type of shares to be acquired                    Shares of common stock of TMC

• Aggregate number of shares to be acquired        Up to 30,000,000 shares

• Aggregate purchase price of shares               Up to JPY 200,000,000,000


Shares acquired as of November 8, 2006

• Aggregate number of shares acquired              0 shares

• Aggregate purchase price of shares               JPY 0


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