Notice Concerning Granting Stock Acquisition Rights for the Purpose
of Stock Options

At a meeting held on July 15, 2008 (the "Meeting"), the Board of Directors of Toyota Motor Corporation ("TMC") determined the details of the terms and conditions of the issuance of rights to subscribe for or purchase shares of TMC ("Stock Acquisition Rights") for the purpose of granting stock options, pursuant to Article 236, Article 238 and Article 239 of the Corporation Act and the resolution at the 104th Ordinary General Shareholders' Meeting of TMC (the "104th Shareholders' Meeting"), and we hereby inform you as follows: