Purchase of Own Securities

Toyota Motor Corporation
17 December 2002

                                 (TRANSLATION)





To Whom It May Concern:



                                                               December 17, 2002
                                                         Toyota Motor Corporation
                                                (Toyota Jidosha Kabushiki Kaisha)
                                     1, Toyota-cho, Toyota City, Aichi Prefecture




                 Notice of Repurchase of Shares from the Market

     (Repurchase of Shares Pursuant to the Provisions of Article 210 of the
                                Commercial Code)



We hereby inform you that Toyota Motor Corporation ('TMC') repurchased its
shares from the market as follows pursuant to the provisions of Article 210 of
the Commercial Code.




1.   Purchase period                           November 28, 2002 through
                                               December 17, 2002
2.   Number of shares repurchased              17,058,600 shares
3.   Aggregate purchase price                  JPY 54,545,306,000
4.   Method of repurchase                      Purchase on the Tokyo Stock Exchange





(Reference)

•        Matters resolved at the FY 2002 Ordinary General Shareholders' Meeting
         held on June 26, 2002.

(1)  Type of shares to be repurchased                     Shares of common stock of TMC

(2)  Aggregate number of shares to be repurchased         Up to 170,000,000 shares

(3)  Aggregate purchase price                             Up to JPY 600,000,000,000



•        Number of shares having been repurchased up to December 17, 2002

(1)   Aggregate number of shares repurchased              85,098,300 shares

(2)   Aggregate purchase price                            JPY 256,503,172,500



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Contact: TMC, Public Affairs at (03) 3817-91116 (Tokyo Head Office)
(0565) 23-15204 (Head Office)
(052) 952-34614 (Nagoya)




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