Resolutions of AGM

Toyota Motor Corporation
25 June 2007

                                                                   June 22, 2007

To All Shareholders:
                                                     President Katsuaki Watanabe
                                                        TOYOTA MOTOR CORPORATION
                                    1, Toyota-cho, Toyota City, Aichi Prefecture

 Notice of Resolutions Adopted at FY2007 Ordinary General Shareholders' Meeting
     (Unless otherwise stated, all financial information has been prepared
      in accordance with generally accepted accounting principles in Japan)

        English translation from the original Japanese-language document

Dear Shareholder,


The reports made and resolutions adopted at the FY2007 Ordinary General
Shareholders' Meeting today are as follows:

Reports:

Reports on business review, unconsolidated and consolidated financial statements
for the FY2007 term (April 1, 2006 through March 31, 2007) and report by
accounting auditor and the board of corporate auditors on the audit results of
the consolidated financial statements.


Details pertaining to the above were reported.


Resolutions:

Proposed Resolution 1:    Distribution of Dividends from Surplus

                          Payment of a year-end dividend of 70
                          yen per share was approved as proposed.

                          The total amount of the annual dividends for the 
                          fiscal year ended March 31, 2007 will be 120 yen per 
                          share combined with the interim dividend.


Proposed Resolution 2:    Election of 30 Directors

                          Approved as proposed.  The following 30 persons were 
                          elected and have taken up their positions as 
                          directors:

                          Fujio Cho, Katsuhiro Nakagawa, Katsuaki Watanabe, 
                          Tokuichi Uranishi, Kazuo Okamoto, Kyoji Sasazu, Mitsuo 
                          Kinoshita, Takeshi Uchiyamada, Masatami Takimoto,
                          Akio Toyoda, Yukitoshi Funo, Takeshi Suzuki, Atsushi 
                          Niimi, Hiroshi Takada, Teiji Tachibana, Shinichi 
                          Sasaki, Akira Okabe, Yoichiro Ichimaru, Shoji Ikawa,
                          Shoichiro Toyoda, Hiroshi Okuda, Koichi Ina, Takeshi 
                          Yoshida, Shinzo Kobuki, Akira Sasaki, Hiroshi 
                          Kawakami, Tadashi Arashima, Mamoru Furuhashi, Satoshi
                          Ozawa and James E. Press.

Proposed Resolution 3:    Election of 4 Corporate Auditors


Approved as proposed.     The following 4 persons were elected and have taken up
                          their positions as corporate auditors:

                          Chiaki Yamaguchi, Yoichi Kaya, Kunihiro Matsuo and 
                          Yoshikazu Amano.
                          Mr. Yoichi Kaya and Mr. Kunihiro Matsuo satisfy the 
                          qualifications of outside corporate auditors as 
                          provided in Article 2 Paragraph 16 of the Corporation 
                          Act of Japan.

Proposed Resolution 4:    Election of Accounting Auditor


Approved as proposed.     PricewaterhouseCoopers Aarata was elected and has taken
                          up its position as accounting auditor.



Proposed Resolution 5:    Issue of Stock Acquisition Rights without
                          Consideration to Directors, Managing Officers and 
                          Employees, etc. of Toyota Motor Corporation and its 
                          Affiliates

                          Approved as proposed.  Pursuant to Articles 236, 238 
                          and 239 of the Corporation Act, Stock Acquisition 
                          Rights shall be granted without consideration, for the 
                          purpose of granting stock options, to directors, 
                          managing officers and employees, etc. of Toyota Motor 
                          Corporation ('TMC') and its affiliates, and the terms 
                          and conditions of such grants shall be determined by 
                          the Board of Directors.

                          Stock acquisition rights granted to TMC directors 
                          without consideration constitute non-monetary 
                          compensation of indeterminate value to directors.  The 
                          method of calculating the value of Stock Acquisition 
                          Rights allotted to the board as remuneration, etc. was 
                          also approved.


Proposed Resolution 6:    Acquisition of Own Shares

                          Approved as proposed.  In order to improve capital 
                          efficiency and to implement flexible capital policies 
                          tailored to the business environment, the right was 
                          obtained to acquire shares of TMC common stock up to a 
                          maximum of 30 million shares and to a maximum value of 
                          250 billion yen, pursuant to the provisions of Article 
                          156 of the Corporation Act, during the one-year period 
                          from the day after the conclusion of this Ordinary
                          General Shareholders' Meeting.

Proposed Resolution 7:    Award of Bonus Payments to Retiring Corporate Auditors

                          Approved as proposed.  Bonuses shall be paid to the 2 
                          retiring Corporate Auditors, Hideaki Miyahara and 
                          Yasutaka Okamura, for their dedicated efforts in the 
                          past.  Actual amounts, timing and method of payment, 
                          etc., shall be determined in accordance with TMC's 
                          standards by the Board of Corporate Auditors.

Proposed Resolution 8:    Payment of Executive Bonuses

                          Payment of executive bonuses of a total amount of 
                          970,500,000 yen (912,000,000 yen for Directors and 
                          58,500,000 yen for Corporate Auditors) was approved as 
                          proposed.


At the Board of Directors meeting held today after the conclusion of the
Ordinary General Shareholders' Meeting, 30 persons were elected as directors
with special titles and took up their respective positions.

Chairman of the Board Fujio Cho, Vice Chairman Katsuhiro Nakagawa, President
Katsuaki Watanabe, Executive Vice Presidents Tokuichi Uranishi, Kazuo Okamoto,
Kyoji Sasazu, Mitsuo Kinoshita, Takeshi Uchiyamada, Masatami Takimoto, and Akio
Toyoda were elected and assumed their positions as representative directors.

In addition, at the conclusion of today's Ordinary General Shareholders'
Meeting, a Board of Directors meeting was held where 47 managing officers were
also elected and took up their respective positions.


The new directors are as follows:


Chairman of the Board       Fujio Cho                         Senior Managing Director              Koichi Ina

Vice Chairman               Katsuhiro Nakagawa                Senior Managing Director              Takeshi Yoshida

President                   Katsuaki Watanabe                 Senior Managing Director              Shinzo Kobuki

Executive Vice President    Tokuichi Uranishi                 Senior Managing Director              Akira Sasaki

Executive Vice President    Kazuo Okamoto                     Senior Managing Director              Hiroshi Kawakami

Executive Vice President    Kyoji Sasazu                      Senior Managing Director              Tadashi Arashima

Executive Vice President    Mitsuo Kinoshita                  Senior Managing Director              Mamoru Furuhashi

Executive Vice President    Takeshi Uchiyamada                Senior Managing Director              Satoshi Ozawa

Executive Vice President    Masatami Takimoto                 Senior Managing Director              James E. Press

Executive Vice President    Akio Toyoda                       Honorary Chairman                     Shoichiro Toyoda

Senior Managing Director    Yukitoshi Funo                    Senior Advisor                        Hiroshi Okuda

Senior Managing Director    Takeshi Suzuki                    Full-time Corporate Auditor           Yoshikazu Amano

Senior Managing Director    Atsushi Niimi                     Full-time Corporate Auditor           Chiaki Yamaguchi

Senior Managing Director    Hiroshi Takada                    Full-time Corporate Auditor           Masaki Nakatsugawa

Senior Managing Director    Teiji Tachibana                   Corporate Auditor                     Yoichi Kaya

Senior Managing Director    Shinichi Sasaki                   Corporate Auditor                     Yoichi Morishita

Senior Managing Director    Akira Okabe                       Corporate Auditor                     Akishige Okada

Senior Managing Director    Yoichiro Ichimaru                 Corporate Auditor                     Kunihiro Matsuo

Senior Managing Director    Shoji Ikawa


Managing Officers


Iwao Nihashi                 Senta Morioka                     Masanao Tomozoe                      Shigeki Suzuki

Seiichi Sudo                 Hironobu Inoue                    Katsunori Itasaka                    Katsutada Masumoto

Yasuhiko Ichihashi           Kazuhiko Takarada                 Tokuyuki Takahashi                   Yasushi Kohara

Tadashi Yamashina            Masayuki Nakai                    Real C. Tanguay                      Shigeru Hayakawa

Takashi Hata                 Toshiki Hayama                    Ryoichi Sasaki                       Hisayuki Inoue

Wahei Hirai                  Takahiro Iwase                    Seiho Kawakami                       Hiroji Onishi

Tatehito Ueda                Akihito Tsuji                     Yasuhiko Yokoi                       Keiji Masui

Takashi Shigematsu           Yoshihiko Masuda                  Takahiro Fujioka                     Kenji Miura

Yuzo Ushiyama                Nobuo Kobayashi                   Masanobu Kawase                      Kiyotaka Ise

Takahiko Ijichi              Yoshimasa Ishii                   Yukio Nishikawa                     Katsuyuki Miyabayashi

Toshio Furutani              Tatsuya Kaneko                    Hirofumi Muta                        Didier Leroy

Tetsuo Agata                 Takeshi Shirane                   Thierry Dombreval


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