[Reference Translation]

March 23, 2010

To Whom It May Concern:

Company Name: TOYOTA MOTOR CORPORATION

Name and Title of Representative:

Akio Toyoda, President

(Code Number: 7203

Securities exchanges throughout Japan)

Name and Title of Contact Person:

Naoki Kojima,

General Manager, Accounting Division

(Telephone Number: 0565-28-2121)

Toyota Comments on Media Reports about Toyota’s Personnel Affairs

TOYOTA MOTOR CORPORATION (“Toyota”) commented on certain media reports appearing from March 20, 2010, about changes in Toyota’s executive personnel. These media reports are not based on any official announcements made by Toyota.