Feb. 17, 2004

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 30,000,000 shares
3. Date of repurchase February 18, 2004
4. Purchase price JPY 3,650 per share
5. Method of repurchase  
  Purchase 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 18, 2004 (purchase orders shall be made during such trading hours 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 18, 2004.
 
(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 FY 2003 Ordinary General Shareholders’ Meeting held on June 26, 2003.
  Type of shares to be repurchased Shares of common stock of TMC
  Aggregate number of shares to be repurchased Up to 150,000,000 shares
  Aggregate purchase price of shares Up to JPY 400,000,000,000
Shares having been repurchased up to February 17, 2004
  Aggregate number of shares repurchased 64,288,200 shares
  Aggregate purchase price of shares JPY 206,524,992,000