Purchase of Own Securities

Toyota Motor Corporation
15 February 2001

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

                                  (TRANSLATION)


                Notice of Repurchase of Shares through ToSTNeT-2

  (Cancellation of Shares by Using Profits Pursuant to Article 3 of the 'Law on
   Special Exceptions to the Commercial Code Concerning Procedures for          
   Cancellation of Shares')

Toyota Motor Corporation ('TMC') determined the method for repurchasing shares 
in accordance  with Article 3 of the 'Law on Special Exceptions to  the 
Commercial Code  Concerning  Procedures for Cancellation of Shares'  today  and 
we  hereby inform you as follows.

1. Method of repurchase

TMC  will  purchase its shares through ToSTNeT-2 (Tokyo Stock  Exchange  Trading
Network System) (closing price orders) at 8.45 a.m. on February 16, 2001, at the
closing price as of today, JPY 4,020 (the trading system and trading hours shall
not be changed to other systems and hours). Such purchase order shall be made at
such trading hour only.

2. Details of repurchase

(1) Type of shares to be repurchased               Par value shares of common
                                                   stock of TMC

(2) Aggregate number of shares to be repurchased    55,000,000 shares
(Note 1)   The above number of shares shall not be changed. However, there is  a
possibility that a part or all of such shares may not be repurchased due to  the
market conditions, etc.

(Note  2)  The  shares  for which orders to sell have  been  placed  shall  be
repurchased up to the number of shares scheduled to be repurchased.

(3) Publication of the results of repurchase

The  results of repurchase will be published after the 8:45 a.m. trading hour 
of February 16,2001.

Contact: TMC, Public Affairs at [phone]-6 (Tokyo Head Office) 
                                (0565) 23-1520-4 (Head Office) 
                                [phone]-3 (Nagoya)