Purchase of Own Securities

Toyota Motor Corporation
24 March 2003

                                 (TRANSLATION)



To Whom It May Concern:

                                                                  March 24, 2003

                                                        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                           March 6, 2003 through March 24, 2003
2.   Number of shares repurchased              14,232,800 shares
3.   Aggregate purchase price                  JPY 39,699,956,000
4.   Method of repurchase                      Purchase on the Tokyo Stock Exchange



(Reference)
•         Matters resolved at the FY2002 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


•         Shares having been repurchased up to March 24, 2003
    (1)  Aggregate number of shares repurchased                  154,576,900 shares
    (2)  Aggregate purchase price                                JPY 453,473,138,500



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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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