Number of Listed Shares

Toyota Motor Corporation
19 November 2004

                             (Excerpt Translation)





                                                               November 19, 2004

                                                        Toyota Motor Corporation

                                               (Toyota Jidosha Kabushiki Kaisha)

                                    1, Toyota-cho, Toyota City, Aichi Prefecture



Report on Number of Listed Shares



We hereby report changes in the number of listed securities, as a result of the
exercise of stock acquisition rights, etc. in October 2004 (the 'Current
Month').




1. Summary
     Number of listed shares as of the end of the               3,609,997,492 shares
     preceding month
     Total number of shares changed during the Current                      0 shares
     Month
     (out of which, as a result of exercise of warrants to                 (0 shares)
     subscribe for shares)
     (out of which, as a result of exercise of stock                       (0 shares)
     acquisition rights)
     (out of which, as a result of other reasons)                          (0 shares)
     Number of listed shares as of the end of the Current       3,609,997,492 shares
     Month


2. Warrants to subscribe for shares exercised (Bonds with detachable warrants to subscribe for shares)
   Aggregate face value of the bonds allotted to the                  JPY 600,000,000
   outstanding warrants as at the end of the preceding month
   Aggregate face value of the bonds originally allotted                        JPY 0
   to the warrants exercised during the Current Month
   Aggregate face value of the bonds as allotted to the               JPY 600,000,000
   utstanding warrants at the end of the Current Month





(1) Number of shares
     Total number of shares delivered during the Current                     0 shares
     Month
     (out of which, number of newly issued shares)                          (0 shares)
     (out of which, number of shares transferred from                       (0 shares)
     treasury shares)
(2) Exercise price
     Aggregate exercise price during the Current Month                          JPY 0
     (out of which, aggregate amount of newly issued                           (JPY 0)
     shares)
     (out of which, aggregate amount of shares transferred                     (JPY 0)
     from treasury shares)


3. Stock acquisition rights exercised


(1) Number of shares
     Total number of shares delivered during the Current                     79,000 shares
     Month
     (out of which, number of newly issued shares)                               (0 shares)
     (out of which, number of shares transferred from                       (79,000 shares)
     treasury shares)
(2) Exercise price
     Aggregate exercise price during the Current Month                     JPY 233,682,000
     (out of which, aggregate amount of newly issued                                (JPY 0)
     shares)
     (out of which, aggregate amount of shares transferred                (JPY 233,682,000)
     from treasury shares)




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