Acquisition of Own Shares

Toyota Motor Corporation
07 November 2007

                                 (Translation)



To Whom It May Concern:

                                                               November 7, 2007
                                     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
      (Acquisition of Own Shares under Article 156 of the Corporation Act)



At a meeting held on November 7, 2007, the Board of Directors of Toyota Motor
Corporation ('TMC') resolved to acquire its own shares pursuant to a resolution
adopted at the 103rd Ordinary General Shareholders' Meeting.  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 acquisition

(1) Type of shares to be acquired                  Shares of common stock of TMC
(2) Aggregate number of shares to be acquired      Up to 15,000,000 shares
(3) Aggregate purchase price of shares             Up to JPY 110,000,000,000
(4) Method of acquisition                          Purchase in the market through a trust bank
(5) Acquisition period                             From November 9, 2007
                                                   to November 29, 2007



(Reference)


Matters resolved at the 103rd Ordinary General Shareholders' Meeting held on
June 22, 2007

• Type of shares to be acquired                    Shares of common stock of TMC
• Aggregate number of shares to be acquired        Up to 30,000,000 shares
• Aggregate purchase price of shares               Up to JPY 250,000,000,000





Shares acquired as of November 7, 2007

• Aggregate number of shares acquired              5,000,000 shares
• Aggregate purchase price of shares               JPY 36,475,506,000







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