Purchase of Own Securities

Toyota Motor Corporation
26 February 2003

                                 (TRANSLATION)


To Whom It May Concern:



                                                               February 26, 2003
                                                        Toyota Motor Corporation
                                               (Toyota Jidosha Kabushiki Kaisha)
                                    1, Toyota-cho, Toyota City, Aichi Prefecture


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

We hereby inform you that Toyota Motor Corporation ('TMC') repurchased its
shares as follows with respect to the notice of repurchase of shares made to you
yesterday (February 25, 2003).


1.   Type of shares repurchased                        Shares of common stock of TMC
2.   Aggregate number of shares repurchased            16,015,000 shares
3.   Purchase price                                    JPY 2,805 per share
4.   Aggregate purchase price                          JPY 44,922,075,000
5.   Date of repurchase                                February 26, 2003
6.   Method of repurchase                              Purchase through N-NET closing price orders on the Nagoya Stock
                                                       Exchange





(Reference)

Matters resolved at the FY2002 Ordinary General Shareholders' Meeting held on
June 26, 2002.
•     Type of shares to be repurchased                             Shares of common stock of TMC
•     Aggregate number of shares to be repurchased                 Up to 170,000,000 shares
•     Aggregate purchase price of shares                           Up to JPY 600,000,000,000



Shares having been repurchased up to February 26, 2003
•      Aggregate number of shares repurchased                          101,113,300 shares
•      Aggregate purchase price of shares                              JPY 301,425,247,500



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Contact: TMC, Public Affairs at [phone]-6 (Tokyo Head Office)
                                (0565) 23-1520-4 (Head Office)
                                [phone]-4 (Nagoya)


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