Acquisition of Own Shares

Toyota Motor Corporation
05 February 2008

                                 (Translation)

                                                                February 5, 2008

To Whom It May Concern:

Company Name:

     TOYOTA MOTOR CORPORATION

Name and Title of Representative:

     Katsuaki Watanabe, President
     (Code Number: 7203
     Securities exchanges throughout Japan)

Name and Title of Contact Person:

     Takuo Sasaki
     General Manager, Accounting Division
     (Telephone Number: 0565-28-2121)


  Notice Concerning Decision on Matters Relating to Acquisition of Own Shares

(Acquisition of Own Shares under Article 156 of the Corporation Act)

At a meeting held on February 5, 2008, the Board of Directors of Toyota Motor
Corporation ('TMC') resolved on matters relating to setting an upper limit to
acquisition of its own shares, pursuant to a resolution adopted at the 103rd
Ordinary General Shareholders' Meeting.  We hereby inform you of the following.


1.  Reasons for acquisition of TMC's own shares

To improve capital efficiency and implement flexible capital
policies in accordance with the business environment.



2.  Details of matters relating to the acquisition

(1)  Type of shares to be acquired            Shares of common stock of TMC

(2)  Aggregate number of shares
     permitted to be acquired                 Up to 10,000,000 shares
                                              (The ratio to the aggregate number of issued shares (excluding
                                              treasury shares): 0.32%)

(3)  Aggregate purchase price of shares       Up to JPY 60,000,000,000

(4)  Method of acquisition                    Purchase in the market through a trust bank

(5)  Acquisition period                       From February 7, 2008 to February 21, 2008


(Reference)

Matters resolved at the 103rd Ordinary General Shareholders' Meeting held on
June 22, 2007

•  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 250,000,000,000


Shares acquired as of February 5, 2008

•  Aggregate number of shares acquired                                            20,000,000 shares

•  Aggregate purchase price of shares                                           JPY 128,532,374,000


Treasury shares held by TMC as of December 31, 2007

•  Aggregate number of issued shares
   (excluding treasury shares)                                                 3,169,880,497 shares

•  Number of treasury shares                                                     440,116,995 shares



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