Purchase of Own Securities

Toyota Motor Corporation
30 August 2000


                                              Toyota Motor Corporation
                                      (Toyota Jidosha Kabushiki Kaisha)
                            1 Toyota-cho, Toyota City, Aichi Prefecture

                         Notice of Repurchase of Shares
    (Cancellation of Shares Stipulated in 'Law on Special Exceptions to
     Commercial Code Concerning Procedures for Cancellation of Shares')

The Company's board of directors resolved to repurchase its shares at its
meeting held on August 30, 2000. We inform you as follows.

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

2. Aggregate number of shares to be repurchased   Up to 6,000,000 shares
3. Aggregate purchase price of shares             Up to 30,000,000,000 yen

(Reference)

(1) Number of the outstanding shares of the Company 3,749,405,129 shares 
     (as of July 31, 2000)

(2) Aggregate number of shares permitted to be repurchased and cancelled
    pursuant to the articles of incorporation     370,000,000 shares

(Number of shares already repurchased and cancelled out of the above
 shares                                            59,288,000 shares)

Inquiry 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)