Investor Presentaiton

III. Regional Strategy North American Market (2): Production growth centered on light truck manufacturing #1 NUMMI #4 Indiana #5 Mexico #6 Texas <Manufacturing capacity expansion plan> (Millions of units) #3 Canada First Lexus production base #2 Kentucky TOYOTA IN NORTH AMERICA 1.65 Made-in-Texas" trucks 1.50 Texas plant (Tundra) 1.48 1.40 Canada plant Mexico plant (Tacoma) expansion (RX330) Present Fall 2003 2005 2006 7 Indiana plant expansion (Sienna) TOYOTA

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