Aug. 01, 2005

Notice Concerning Determination of Terms of Issuance of
Stock Option (Stock Acquisition Rights)

 

We hereby announce that today, the following terms and conditions which were not determined at the meeting of the Board of Directors of Toyota Motor Corporation ("TMC") held on June 23, 2005 (at which the issuance of stock acquisition rights ("Stock Acquisition Rights") for the purpose of granting stock options pursuant to Article 280-20 and Article 280-21 of the Commercial Code was decided), were determined as set forth below.

1. Date of Issuance of Stock Acquisition Rights
August 1, 2005
2. Amount to be Paid upon Exercise of Stock Acquisition Rights
JPY4,377 per share
3. Aggregate Amount of Issue Price of the Shares to be Issued upon the Exercise of the Stock Acquisition Rights
JPY9,209,208,000
4. Portion of Issue Price of the Share to be Issued upon the Exercise of the Stock Acquisition Rights not to be Transferred to Capital
JPY2,188 per share
[Reference]

(1) Date on which the Board of Directors resolved to propose the issue of Stock Acquisition Rights to the Ordinary General Shareholders' Meeting
   
  May 10, 2005
   
(2) Date on which the issue of Stock Acquisition Rights was adopted by the Ordinary General Shareholders' Meeting
   
  June 23, 2005