Purchase of Own Securities

Toyota Motor Corporation
27 March 2000


LETTER TO COMPANY ANNOUNCEMENTS OFFICE

Re: Purchase of Shares

The Company repurchased its shares from the market for the purpose of the
cancellation of the shares using its profits pursuant to Article 3 of the 'Law
on Special Exceptions to Commercial Code Concerning Procedures for Cancellation
of Shares'.  We inform you as follows:


1.  Purchase period                      March 1 through 24,2000 

2.  Number of shares repurchased         5,345,000 shares

3.  Aggregate purchase price of shares   23,901,130,000 yen

4.  Method of repurchase                 Purchase on the Tokyo Stock Exchange


We also inform that with this repurchase, we have completed all repurchases of
shares under the resolution of the Meeting of the Board of Directors held on
February 23, 2000.

(Reference)

Details of the authorisation given at the Meeting of the Board of Directors held
on February 23, 2000.

- Type of shares to be repurchased       Par value shares of common
                                         stock of the Company

- Aggregate number of shares to be 
  repurchased                            Up to 50,000,000,000 yen

- Aggregate number of shares to be
  repurchased                            Up to 10,000,000 shares


Inquiries about this matter should be directed to:

Public Affairs Division of Toyota Motor Corporation 
(Toyota Jidosha Kabushiki Kaisha)

Tel [phone] (Tokyo Head Office)
Tel [phone] (Head Office)
Tel [phone] (Nagoya Office)

FROM TOYOTA MOTOR CORPORATION