Purchase of Own Securities

Toyota Motor Corporation
2 March 2001

Letter to Company Announcement Office

                             Repurchase of Shares

We hereby inform you that Toyota Motor Corporation ('TMC') repurchased its
shares from the market for the purpose of transferring the shares to the
Directors of TMC as follows pursuant to Article 210-2 Paragraph 1 of the
Commercial Code.

1. Purchase period                      February 27, 2001 through March 1 2001

2. Number of shares repurchased         455,000 shares

3. Aggregate purchase price of shares   1,837,550,000 yen

4. Method of repurchase                 Purchase on the Tokyo Stock Exchange

(Reference)
Status of stock options granted to Directors as of August 1, 2000.

Granted 15,000 share stock options:    Each of 9 Directors including 
                                       Representative Directors

Granted 10,000 share stock options:    Each of 17 Directors including
                                       Titled Directors

Granted 5,000 share stock options:     Each of 30 Ordinary Directors

Contact: TMC, Public Affairs at [phone]-6 (Tokyo Head Office)
                                (0565)-23-1520-4 (Head Office)
                                [phone]-3 (Nagoya)