Election of Acct Auditor

Toyota Motor Corporation
09 May 2007

                                 (Translation)

                                                                     May 9, 2007

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 Election of the Accounting Auditor

Toyota Motor Corporation ('TMC') hereby announces that, at the meeting of the
Board of Directors held today, the Board of Directors resolved to propose the
agenda 'Election of Accounting Auditor' at the 103rd Ordinary General
Shareholders' Meeting to be held on June 22, 2007, as described below.

The Board of Corporate Auditors has consented to the submission of the
aforementioned agenda at the 103rd Ordinary General Shareholders' Meeting.

1.   Reason for Election

ChuoAoyama PricewaterhouseCoopers (currently, MISUZU Audit Corporation), which
was formerly the Accounting Auditor of TMC, was ordered by the Financial
Services Agency to suspend its business for a period of two months from July 1,
2006 to August 31, 2006 and lost its qualification as an accounting auditor.
Accordingly, pursuant to the resolution adopted at the meeting of the Board of
Corporate Auditors held on August 4, 2006, TMC elected PricewaterhouseCoopers
Aarata as its temporary Accounting Auditor under the Corporation Act of Japan
and it has been the temporary Accounting Auditor up to present.

Taking into account the quality, independence and continuity of the audit as
well as the efficiency of PricewaterhouseCoopers Aarata, TMC considers
PricewaterhouseCoopers Aarata eligible to be its Accounting Auditor, and
appoints PricewaterhouseCoopers Aarata as its Accounting Auditor.

2.   Name and address of the Accounting Auditor Candidate
     
Name:         PricewaterhouseCoopers Aarata

Location:     East Tower, Sumitomo Fudosan Mita Twin Building
              2-8, Shibaura 4-chome, Minato-ku, Tokyo

3.   Proposed Date of Engagement

     June 22, 2007 (proposed date of the 103rd Ordinary General Shareholders' 
     Meeting of TMC)


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