Repurchase of Shares

Toyota Motor Corporation
06 June 2005


                                 (TRANSLATION)

To Whom It May Concern:

                                                                    June 6, 2005
                                                        Toyota Motor Corporation
                                               (Toyota Jidosha Kabushiki Kaisha)
                                    1, Toyota-cho, Toyota City, Aichi Prefecture


                       Notice of Repurchase of Shares through
             
                 N-NET Closing Price Orders on Nagoya Stock Exchange


Toyota Motor Corporation ('TMC') determined the method for repurchasing its
shares pursuant to the provisions of Article 210 of the Commercial Code and we
hereby inform you as follows.


1.    Type of shares to be repurchased                          Shares of common stock of TMC

2.    Aggregate number of shares to be repurchased              16,800,000 shares

3.    Date of repurchase                                        June 7, 2005

4.    Purchase price                                            JPY 3,860 per share

5.    Method of repurchase

      Purchase through N-NET closing price orders on the Nagoya Stock Exchange during the period from 8:
      20 a.m. to 8:50 a.m. on June 7, 2005 (purchase orders shall be made during such trading hours
      only.)

6.    Publication of the results of repurchase

      The results of repurchase will be announced after the conclusion of the 8:50 a.m. trading hour of
      June 7, 2005.

(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 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.


(Reference)

Matters resolved at the 100th Ordinary General Shareholders' Meeting held on
June 23, 2004.

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

• Aggregate number of shares to be repurchased                 Up to 65,000,000 shares

• Aggregate purchase price of shares                           Up to JPY 250,000,000,000


Shares having been repurchased up to June 6, 2005

• Aggregate number of shares repurchased                       43,456,500 shares

• Aggregate purchase price of shares                           JPY 184,780,215,000


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