Purchase of Own Securities

Toyota Motor Corporation
06 August 2003

                                 (TRANSLATION)



To Whom It May Concern:

                                                                  August 6, 2003
                                                        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         25,000,000 shares

3.    Date of repurchase                                   August 7, 2003

4.    Purchase price                                       JPY 3,060 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 August 7, 2003 (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
      August 7, 2003.

(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 FY 2003 Ordinary General Shareholders' Meeting held on
June 26, 2003.

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

•  Aggregate number of shares to be repurchased   Up to 150,000,000 shares

• Aggregate purchase price of shares  Up to JPY 400,000,000,000



Shares having been repurchased up to August 6, 2003

• Aggregate number of shares repurchased  0 share

• Aggregate purchase price of shares   JPY 0


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