Ms. Julie Bellissimo reports

TD BANK GROUP COMMENTS ON EXPECTED IMPACT OF TD AMERITRADE HOLDING CORP.'S SECOND QUARTER EARNINGS

Toronto-Dominion Bank expects TD Ameritrade's second quarter earnings to translate into approximately $266-million reported equity in net income of an investment in TD Ameritrade for fiscal 2019 second quarter, which will be reported under international financial reporting standards.

TD Bank Group will release its second quarter financial results and host an earnings conference call on May 23, 2019. Conference call and audio webcast details will be announced closer to that date.

About Toronto-Dominion Bank

Toronto-Dominion and its subsidiaries are collectively known as TD Bank Group. TD is the sixth-largest bank in North America by branches and serves more than 25 million customers in three key businesses operating in a number of locations in financial centres around the globe: Canadian retail, including TD Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing and TD Insurance; U.S. retail, including TD Bank, America's Most Convenient Bank, TD Auto Finance U.S., TD Wealth (U.S.) and an investment in TD Ameritrade; and wholesale banking, including TD Securities.