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 the provisions of the Articles of Incorporation
pursuant to Article 165, Paragraph 2 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 the provisions of Article 165,
Paragraph 3 of the Corporation Act as applicable through incorporation of
certain provisions of Article 156 of the Corporation Act.  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 12,000,000 shares
                                         (The ratio to the aggregate number of issued shares (excluding treasury        
                                         shares):   0.38%)

(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 18, 2008 to February 29, 2008


 (Reference)


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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