Purchase of Own Securities 2

Toyota Motor Corporation
09 September 2002


                                 (TRANSLATION)


To Whom It May Concern:


                                                               September 9, 2002
                                                        Toyota Motor Corporation
                                               (Toyota Jidosha Kabushiki Kaisha)
                                    1, Toyota-cho, Toyota City, Aichi Prefecture


                 Notice of Repurchase of Shares through ToSTNeT-2
     (Repurchase of Shares Pursuant to the Provisions of Article 210 of the
                                Commercial Code)


Toyota Motor Corporation ('TMC') determined the method for repurchasing its
shares pursuant to the provisions of Article 210 of the Commercial Code today
and we hereby inform you as follows.

1.    Method of repurchase

      TMC will purchase its shares through ToSTNeT-2 (Tokyo Stock Exchange Trading Network System-2)
      (closing price orders) at 8:45 a.m. on September 10, 2002 at today's closing price, JPY 2,925
      (the trading system and trading hours shall not be changed to other systems and hours).  Such
      purchase order shall be made at such trading hour only.

2.    Details of repurchase

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

  (2) Aggregate number of shares to be repurchased        51,000,000 shares

         (Note 1) The above number of shares shall not be changed.  However, there is a possibility
                  that a part or all of such shares may not be repurchased due to market conditions,
                  etc.

                  The shares for which orders to sell have been placed shall be repurchased up to the
                  number of shares scheduled to be repurchased.

         (Note 2)

3.    Publication of the results of repurchase

      The results of repurchase will be announced after the conclusion of the 8:45 a.m. trading hour of
      September 10, 2002.


(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

        Aggregate purchase price of shares

(3)                                                       Up to JPY 600,000,000,000

Numbers of shares having been repurchased up to September 9, 2002

(1)     Aggregate number of shares repurchased            2,226,300 shares

(2)     Aggregate purchase price of shares                JPY 6,441,421,500

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