Toyota Personnel Changes

April 6, 2004 -- Tokyo, Japan -- TOYOTA MOTOR CORPORATION announced today executive changes, as described below.

1. Newly Appointed Members of the Board of Directors (4 people) - Pending approval at this year's regularly scheduled general shareholders' meeting in June

Name New Title Current title Tetsuo Hattori Senior Managing Director Managing Officer Takeshi Suzuki Senior Managing Director Managing Officer Yukitoshi Funo Director (with Senior Managing Director status) Managing Officer Atsushi Niimi Director (with Senior Managing Director status) Managing Officer

2. Retiring Directors (3 people) - To retire on the same day as this year's regularly scheduled general shareholders' meeting in June

Name Current title Zenji Yasuda Senior Managing Director Teruyuki Minoura Senior Managing Director Shuhei Toyoda Director (with Senior Managing Director status)

3. New Managing Officers (13 people) - Pending approval at a board of directors meeting following this year's regularly scheduled general shareholders' meeting in June

Name Current title/assignment (at TMC, unless noted) Wahei Hirai Seconded to Toyota Europe Design Development S.A.R.L. (ED2) Tatehito Ueda General Manager, Power Train Management Engineering Div. Takashi Shigematsu General Manager, Integrated System Engineering Div. Yuzo Ushiyama General Manager, Overseas Planning Div. Yoshikatsu Tanaka General Manager, Administration Div., Kinuura Plant Nobuyoshi Hisada General Manager, Production Engineering Planning Div. Yasumori Ihara General Manager, Business Development Div. Mitsuhisa Kato Executive Chief Engineer, TOYOTA Development Center 1 Takahiko Ijichi General Manager, Accounting Div. Toshio Furutani Seconded to FAW Toyota Motor Sales Co., Ltd. (FTMS) Tetsuo Agata General Manager, Production Control Div. John Harry Conomos Executive Chairman, Toyota Motor Corporation Australia Ltd. Panagiotis (Takis) J. Athanasopoulos Executive Vice President and COO, Toyota Motor Marketing Europe

4. Retiring Managing Officers (4 people) - To retire on the same day as this year's regularly scheduled general shareholders' meeting in June

Shokichi Yasukawa, Hiroaki Yoshida, Kiyoshi Nakanishi and Hironobu Ono