Acquisition of Own Shares 104

Toyota Motor Corporation
08 May 2008

                                 (Translation)



May 8, 2008



To Whom It May Concern:

Company Name:
     TOYOTA MOTOR CORPORATION

Name and Title of Representative:
     Katsuaki Watanabe, President

(Code Number: 7203
     Securities exchanges throughout Japan)

Name and Title of Contact Person:
     Takuo Sasaki
     General Manager, Accounting Division
     (Telephone Number: 0565-28-2121)





    Notice Concerning Acquisition of Own Shares (To be proposed at the 104th

                    Ordinary General Shareholders' Meeting)

      (Acquisition of Own Shares under Article 156 of the Corporation Act)



At a meeting held on May 8, 2008, the Board of Directors of Toyota Motor
Corporation ('TMC') resolved to propose an agenda asking for authorization to
acquire its own shares under the provision of Article 156 of the Corporation Act
at the 104th Ordinary General Shareholders' Meeting to be held on June 24, 2008.
  We hereby inform you of the following.



1.      Reasons for acquisition of TMC's own shares

        To improve capital efficiency and implement flexible capital policies in accordance with the business           
        environment.

2.      Details of matters relating to the acquisition

(1) Type of shares to be acquired           Shares of common stock of TMC
(2) Aggregate number of shares
permitted to be acquired                    Up to 30,000,000 shares
                                            (The ratio to the aggregate number of issued shares (excluding treasury
                                            stock): 0.95%)
(3) Aggregate purchase price of shares      Up to JPY 200,000,000,000
(4) Acquisition period                      One year from the day immediately following the close of the 104th Ordinary
                                            General Shareholders' Meeting.




(Note)  The above acquisition of own shares shall be subject to the approval of
the proposal 'Acquisition of Own Shares' at the 104th Ordinary General
Shareholders' Meeting scheduled to be held on June 24, 2008.



(Reference)

Treasury stock held by TMC as of March 31, 2008

•      Aggregate number of issued shares

       excluding treasury stock)               3,149,279,852 shares

•      Number of treasury stock                298,717,640 shares




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