Toyota Motor Regulatory News (TYT)

(Securities Code 7203)

June 18, 2024

To All Shareholders:

President Koji Sato

TOYOTA MOTOR CORPORATION

1, Toyota-cho, Toyota City, Aichi Prefecture

Notice of Resolutions Adopted at the 120th Ordinary General Shareholders' Meeting

Dear Shareholder,

The reports made and resolutions adopted at the 120th Ordinary General Shareholders' Meeting (the "General Shareholders' Meeting") today are as follows:

Reports:

Reports were made on the business review, consolidated and unconsolidated financial statements for FY2024 (April 1, 2023 through March 31, 2024), and report by the Accounting Auditor and the Audit & Supervisory Board on the audit results of the consolidated financial statements for FY2024.

Resolutions:

Toyota Motor Corporation ("TMC") Proposals

Proposed Resolution 1: Election of 10 Members of the Board of Directors

Approved as proposed. The following 10 persons were elected and have assumed their positions as Members of the Board of Directors:

Akio Toyoda, Shigeru Hayakawa, Koji Sato, Hiroki Nakajima, Yoichi Miyazaki, Simon Humphries, Ikuro Sugawara, Sir Philip Craven, Masahiko Oshima and Emi Osono.

Proposed Resolution 2: Election of 1 Audit & Supervisory Board Member

Approved as proposed. The following person was elected and has assumed her position as an Audit & Supervisory Board Member:

Hiromi Osada

Proposed Resolution 3: Election of 1 Substitute Audit & Supervisory Board Member

Approved as proposed. The following person was elected as a Substitute Audit & Supervisory Board Member:

Kumi Fujisawa

Kumi Fujisawa is a Substitute Outside Audit & Supervisory Board Member for George Olcott, Catherine O'Connell or Hiromi Osada.

Shareholder Proposal

Proposed Resolution 4: Partial Amendments to the Articles of Incorporation (Issuing annual report on the alignment with climate-related lobbying activities and the goals of the Paris Agreement)

This proposal was disapproved.

At the Board of Directors meeting held today after the conclusion of the General Shareholders' Meeting, 3 persons were elected as Members of the Board of Directors with special titles and assumed their respective positions.

Chairman of the Board of Directors Akio Toyoda, Vice Chairman of the Board of Directors Shigeru Hayakawa and President Koji Sato were elected and assumed their positions as Representative Directors.

[Operating Officers]

[Fellow]