Re Purchase of Own Securities

Toyota Motor Corporation
28 February 2002

                                                        Toyota Motor Corporation
                                               (Toyota Jidosha Kabushiki Kaisha)

                                             

               Notice of Repurchase of Shares through ToSTNeT-2

Toyota Motor Corporation ('TMC') determined the method for repurchasing shares
in accordance with the provision 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), 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. of March 1, 2002, at today's 
closing price, JPY 3,420 (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               Shares of common stock of TMC

(2) Aggregate number of shares to be repurchased   23,000,000 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 purchased 
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 
March 1, 2002.

(Reference) 

1. Matters resolved at the meeting of the Board of Directors held on January 25, 
2002
  (1) Type of shares to be repurchased             Shares of common stock of TMC
  (2) Aggregate purchase price of shares           Up to JPY 150,000,000,000
  (3) Aggregate number of shares to be 
      repurchased                                  Up to 45,000,000 shares

2. Number of shares having been repurchased up to February 28, 2002

  (1) Aggregate purchase price of shares           JPY 19,999,841,000
  (2) Aggregate number of shares repurchased       5,791,900 shares



                      This information is provided by RNS
            The company news service from the London Stock Exchange