Purchase of Own Securities

Toyota Motor Corporation
20 February 2002

Letter to Company Announcements Office

                                   (Translation)

To Whom It May Concern:

                                                               February 20, 2002 
                                                        Toyota Motor Corporation 
                                               (Toyota Jidosha Kabushiki Kaisha) 
                                                                  1, Toyota-cho, 
                                                  Toyota City, Aichi Prefecture

Repurchase of Shares from the Market

We hereby inform you that Toyota Motor Corporation ('TMC') repurchased its
shares from the market as follows pursuant to the provisions of Article 3,
paragraph 1 of the former Law on Special Exceptions to the Commercial Code
Concerning Procedures for Cancellation of Shares, under the application of
Article 3, paragraph 4 of the Supplementary Provisions of the Law Concerning the
Partial Amendments of the Commercial Code, etc (Law No. 79, June 29, 2001).

 
1.     Purchase period                         February 1, 2002 through 
                                               February 19, 2002

2.     Aggregate purchase price of shares      JPY 19,999,841,000

3.     Number of shares repurchased            5,791,900 shares

4.     Method of repurchase                    Purchase on the Tokyo Stock 
                                               Exchange

 
(Reference)
Details of the authorization given at the meeting of the board of directors
                                                             (January 25, 2002)

• Type of shares to be repurchased              Par value shares of common stock 
                                                of TMC

• Aggregate purchase price of shares            Up to JPY 150,000,000,000

• Aggregate number of shares to be repurchased  Up to 45,000,000 shares


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



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