Purchase Plan thru ToSTNeT-2

Toyota Motor Corporation
04 March 2003

                                 (TRANSLATION)



To Whom It May Concern:

                                                                   March 4, 2003

                                                        Toyota Motor Corporation

                                               (Toyota Jidosha Kabushiki Kaisha)

                                    1, Toyota-cho, Toyota City, Aichi Prefecture





                  Notice of Repurchase of Shares through ToSTNeT-2

     (Repurchase of Shares Pursuant to the Provisions of Article 210 of the
                                Commercial Code)



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.   Method of repurchase
     TMC will purchase its shares through ToSTNeT-2 (Tokyo Stock Exchange Trading Network System-2) (closing price
     orders) at 8:45 a.m. on March 5, 2003 at today's closing price, JPY 2,865 (the trading system and trading hours
     shall not be changed to other systems and hours).  Such purchase order shall be made during such trade hour only.


2.   Details of repurchase
     (1)        Type of shares to be repurchased                        Shares of common stock of TMC
     (2)        Aggregate number of shares to be repurchased            37,000,000 shares
       (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.


3.   Publication of the results of repurchase
     The results of repurchase will be announced after the conclusion of the 8:45 a.m. trading hour of March 5, 2003



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


Shares having been repurchased up to March 4, 2003
     (1)  Aggregate number of shares repurchased                  103,344,100 shares
     (2)  Aggregate purchase price                                JPY 307,768,182,500




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