Purchase of Own Securities

Toyota Motor Corporation
01 September 2003

                                 (TRANSLATION)





To Whom It May Concern:



                                                               September 1, 2003

                                                        Toyota Motor Corporation

                                               (Toyota Jidosha Kabushiki Kaisha)

                                    1, Toyota-cho, Toyota City, Aichi Prefecture





                           Notice of Repurchase of Shares

    (Repurchase of Shares pursuant to the Provisions of Article 211-3 of the
                                Commercial Code)



We hereby inform you that at a meeting of the Board of Directors of Toyota Motor
Corporation ('TMC') held on September 1, 2003, TMC resolved to repurchase its
shares from TMC's subsidiaries pursuant to the provisions of Article 211-3 of
the Commercial Code and has repurchased the shares as follows.





1.     Name of subsidiaries                           Kanto Auto Works Ltd., and 
                                                      Toyota Auto Body Co., Ltd.

2.     Details of repurchase

        (1) Type of shares repurchased                 Shares of common stock

        (2) Aggregate number of shares repurchased     12,655,500 shares

                   (Kanto Auto Works, Ltd.             : 3,441,200 shares

                   Toyota Auto Body Co., Ltd.          : 9,214,300 shares)

        (3) Aggregate repurchase price                 JPY 41,636,595,000

        (4) Date of repurchase                         September 1, 2003



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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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