Extraordinary Report

Toyota Motor Corporation
8 April 2002






                             EXTRAORDINARY REPORT







                             EXTRAORDINARY REPORT

To: Director-General of Kanto Local Finance Bureau
                                                     Submitted on April 8, 2002

                   Corporate Name:     Toyota Jidosha Kabushiki-kaisha
                   English Name:       TOYOTA MOTOR CORPORATION

                   Name and Title of   Fujio Cho
                   Representative:     President

Location of head office:  1 Toyota-cho, Toyota City, Aichi Prefecture 
                          Telephone Number: (0565)28-2121

     Name of Person to Contact: Hiroshi Kajikawa, General Manager, Financial 
                                Reporting Department, Accounting Division

Nearest Place to Contact: 4-18, Koraku 1-chome, Bunkyo-ku, Tokyo
                          Telephone Number: [phone]

    Name of Person to Contact: Hideyuki Hamada, General Manager, Financial & 
                               Accounting   Department,   Tokyo   General
                               Administration Division


                Places at which copies of this Extraordinary Report 
                      are made available for public inspection

           Name                                    Address
Tokyo Stock Exchange, Inc.          2-1, Nihonbashi Kabuto-cho, Chuo-ku, Tokyo 
Nagoya Stock Exchange, Inc.         3-17, Sakae 3-chome, Naka-ku, Nagoya
Osaka Securities Exchange           6-10, Kitahama 1-chome, Chuo-ku, Osaka 
Co, Ltd.
Fukuoka Stock Exchange              14-2, Tenjin 2-chome, Chuo-ku, Fukuoka
Sapporo Securities Exchange         14-1, Minamiichijo-nishi 5-chome, Chuo-ku, 
                                    Sapporo


1.  Reason for Filing

    As Toyota Motor Europe S.A./N.V. became a specified subsidiary corporation 
    of Toyota Motor Corporation ('TMC'), we hereby file this report under the 
    provision of Article 24-5, Paragraph 4 of the Securities and Exchange Law 
    and Article 19, Paragraph 1 and Paragraph 2, Item 3 of the Cabinet Office 
    Ordinance Concerning Disclosure of Affairs, Etc. of Corporations

2.  Contents of the Report

    (1) Outline of the specified subsidiary corporation

        Company name:          Toyota Motor Europe S.A./N.V.

        Address:               Avenue du Bourget 60 Bourgetlaan 60 B-1140 
                               Brussels (Belgium) 

        Representative:        Shuhei Toyoda 

        Share capital:         1,387,498,700 Euros

        Kind of business:      Holding  company for Toyota  Motor Europe 
                               Manufacturing S.A./N.V and Toyota Motor Europe 
                               Marketing & Engineering S.A./N.V., which conducts 
                               public affairs activities in Europe.

    (2) The number of voting rights in such specified subsidiary corporation 
        held by TMC and TMC's holding ratio against the total number of the 
        voting rights before the change.

                    0 (0%)

    (3) The number of voting rights in such specified subsidiary corporation 
        held by TMC and TMC's holding ratio against the total number of the 
        voting rights after the change.

                    13,874,987(100%),

    (4) Reason of change
 
        Due to the establishment of Toyota Motor Europe S.A./N.V.

    (5) Date of change

                    April 1,2002




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