Purchase of Own Securities

Toyota Motor Corporation
21 September 2001


LETTER TO COMPANY ANNOUNCEMENTS OFFICE

Re: Repurchase of Shares

We hereby inform you that Toyota Motor Corporation ('TMC') repurchased its 
shares from the market for the purpose of the cancellation of the shares using 
its profits as follows pursuant to Article 3 of the 'Law on Special Exceptions 
to the Commercial Code Concerning Procedures for Cancellation of Shares'. 

We also inform that with this repurchase, we have completed all repurchases of 
shares under the resolution of the Meeting of the Board of Directors held on 
July 26, 2001.

1.  Purchase period                       August 31, 2001 through 
                                          September 20, 2001
2.  Number of shares repurchased          16,037,300 shares 
3.  Aggregate purchase price of shares    JPY 55,154,017,000
4.  Method of repurchase                  Purchase on the Tokyo Stock Exchange


 (Reference)

(1) Details of the authorization given at the Meeting of the Board of Directors

                                                              (July 26,2001)

- Type of shares to be repurchased              Par value shares of common stock
                                                of TMC

- Aggregate purchase price of shares            Up to JPY 150,000,000,000

- Aggregate number of shares to be repurchased  Up to 35,000,000 shares


(2) Aggregate number of shares having been repurchased

- Aggregate purchase price of shares            JPY 129,218,225,000

- Aggregate number of shares repurchased        35,000,000 shares


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

TOYOTA MOTOR CORPORATION