Purchase of Own Shares etc

Toyota Motor Corporation
24 December 1999


                                                        December  22, 1999 
                                                  Toyota Motor Corporation
                                          (Toyota Jidosha Kabushiki Kaisha)

 Notice of Institution of a Lawsuit against the Company and its Subsidiary

The  Company filed an Extraordinary Report with the Kanto Local Finance  Bureau,
as a complaint was amended in a lawsuit against a consolidated subsidiary of the
Company, and the Company and another consolidated subsidiary were added  to  the
 lawsuit as the defendants. We inform you as follows:

1. Outline of the Company and the relevant consolidated subsidiary added as the
   defendants;
   (The Company)
   Name:            Toyota Motor Corporation
   Address:         1, Toyota-cho, Toyota City, Aichi Prefecture 
   Representative:  Fujio Cho

   (The Consolidated Subsidiary)
   Name:           Toyota Technical Center, U.S.A., Inc.
   Address:        Gardena, California, United States
   Representative: Kunihiko Masaki

2. The date on which the complaint of the relevant lawsuit was amended 
   November 22, 1999
   Date of formal delivery: December 20, 1999.
                  (Note:  The  date which both parties agreed to be the  formal
                  date of the receipt of the petition.)

3. Outline of the consolidated subsidiary which was the defendant to the
   institution of the relevant lawsuit

   Name: Toyota Motor Sales U.S.A., Inc.
   Address: Torrance, California, United States
   Representative: Yoshimi Inaba

4. The date on which the relevant lawsuit was instituted 
   July 12, 1999 (Date of formal delivery: September 1, 1999)

5. Outline of the person who instituted the relevant lawsuit
   Name: U.S. Department of Justice
   Address: Washington, D.C., United States
   Representative: Janet Reno, Attorney General

6. Outline of the relevant lawsuit 
   (1) Appropriate action to vehicles violating the Clean Air Act 
   (2) Penalties: Up to $27,500 per vehicle mentioned above 
   (3) Injunction on the sales of new vehicles violating the Clean Air Act      
      (Note: The Company understands that the maximum permissible penalty       
      amount per vehicle under the Clean Air Act was set out in the complaint   
     as the amount of the above penalties.

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)




                                                       December  22,  1999 
                                                  Toyota Motor Corporation
                                          (Toyota Jidosha Kabushiki Kaisha)
                              1, Toyota-cho, Toyota City, Aichi Prefecture

                  Re: Repurchase 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                       December 2 through 21, 1999
2. Number of shares repurchased          5,900,000 shares
3. Aggregate purchase price of shares    21,555,000,000 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
December 1, 1999.

(Reference)
Details of the authorization given at the Meeting of the Board of Directors
held on December 1, 1999

- Type of shares to be repurchased     Par value shares of common
                                       stock of the Company
- Aggregate number of shares to be     Up to 30,000,000,000
  repurchased                          yen 

- Aggregate number of shares to be
  repurchased                          Up to 8,000,000 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)