Purchase of Own Securities

Toyota Motor Corporation
26 July 2001

                                                     Toyota Motor Corporation
                                             (Toyota Jidosha Kabushiki Kaisha)

                              Repurchase of Shares
    (Cancellation of Shares Stipulated in the 'Law on Special Exceptions        
       to the Commercial Code Concerning Procedures for Cancellation of Shares')

The board of directors of Toyota Motor Corporation ('TMC') resolved to
repurchase its shares at its meeting held on July 26, 2001. We inform you as
follows:

1. Type of shares to be repurchased             Par value shares of common stock
                                                of TMC

2. Aggregate number of shares to be repurchased Up to 35,000,000 shares

3. Aggregate purchase price of shares           Up to JPY 150,000,000,000 yen

(Reference)
(1) Number of the outstanding shares of TMC     3,684,997,492 shares 
(as of July 25, 2001)

(2) Aggregate number of shares permitted to be 
repurchased and cancelled pursuant to the
 articles of incorporation of TMC                 370,000,000 shares 
(number of shares already repurchased and 
cancelled out of the above shares                 124,284,600 shares)
   
Contact: TMC, Public Affairs at [phone]-6 (Tokyo Head Office)
                                (0565) 23-1520-4 (Head Office)
                                [phone]-3  (Nagoya)