To Whom It May Concern:
February 25, 2003

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

Notice of Repurchase of Shares through
N-NET Closing Price Orders on Nagoya Stock Exchange

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

1. Type of shares to be repurchased Shares of common stock of TMC
2. Aggregate number of shares to be repurchased 17,000,000 shares
3. Date of repurchase February 26, 2003
4. Purchase price JPY 2,805 per share
5. Method of repurchase
    TMC will purchase its shares through N-NET closing price orders on the Nagoya Stock Exchange during the period from 8:20 a.m. to 8:50 a.m. on February 26, 2003 (purchase orders shall be made during such trading times only)
6. Publication of the results of repurchase
    The results of repurchase will be announced after the conclusion of the 8:50 a.m. trading hour of February 26, 2003.
  (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.

(Note 2)
The shares for which orders to sell have been placed shall be repurchased up to the number of shares scheduled to be repurchased.


(Reference)

Matters resolved at the FY2002 Ordinary General Shareholders’ Meeting held on June 26, 2002.
  • Type of shares to be repurchased
 Shares of common stock of TMC
  • Aggregate number of shares to be repurchased
Up to 170,000,000 shares
  • Aggregate purchase price of shares
 Up to JPY 600,000,000,000

Shares having been repurchased up to February 25, 2003
  • Aggregate number of shares repurchased
 85,098,300 shares
  • Aggregate purchase price of shares
 JPY 256,503,172,500

Copyright 2003 Toyota Motor Corporation. All Rights Reserved.
The information in this release speaks as of the date issued. Toyota Motor Corporation does not, does not intend to, and expressly disclaims any duty to, update or correct such information.

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