Purchase of Own Securities

Toyota Motor Corporation
18 March 2002


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


                              Repurchase of Shares


We hereby inform you that Toyota Motor Corporation ('TMC') repurchased its
shares from the market as follows for the purpose of transferring such shares to
its Directors and employees pursuant to the provisions of Article 210-2,
paragraph 1 of the former Commercial Code, under the application of Article 3,
paragraph 1 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                         March 4, 2002 through
                                               March 15, 2002

2.     Number of shares repurchased            1,361,000 shares

3.     Aggregate purchase price of shares      JPY 5,111,182,040

4.     Method of repurchase                    Purchase on the Tokyo Stock 
                                               Exchange



(Reference)


(1)  Matters resolved at the Ordinary General Shareholders' Meeting held on 
     June 27, 2001

     •   Type of shares to be repurchased       Shares of common stock of TMC

     •   Aggregate number of shares to be       Up to 1,500,000 shares
         repurchased

     •   Aggregate purchase price of shares     Up to JPY 7,500,000,000     


(2)  Status of stock options granted to Directors and employees.

     Granted 15,000 share stock options:        Each of 15 Directors including
                                                Representative Directors

     Granted 10,000 share stock options:        Each of 21 Directors including
                                                Titled Directors

     Granted 5,000 share stock options:         Each of 22 Ordinary Directors

     Granted 2,000 share stock options:         Each of 408 employees


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


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