Ms. Brooke Hales reports

TD BANK GROUP TO ISSUE SINGAPORE DOLLAR NVCC SUBORDINATED DEBENTURES

Toronto-Dominion Bank has priced a public offering of $350-million (Singaporean) of fixed rate reset callable subordinated notes (non-viability contingent capital) constituting subordinated indebtedness of the bank.

The notes will bear interest at a fixed rate of 3.125 per cent per annum (paid semi-annually) until Aug. 5, 2031, and at the five-year SORA-OIS rate plus 1.048 per cent thereafter (paid semi-annually) until maturity on Aug. 5, 2036. The bank may, at its option, with the prior approval of the Superintendent of Financial Institutions (Canada), redeem the notes on Aug. 5, 2031, in whole but not in part, at par plus accrued and unpaid interest on not more than 60 nor fewer than 10 days notice to holders.

Net proceeds from the issuance of the notes will be used for general corporate purposes, which may include the redemption of outstanding capital securities and/or the repayment of other outstanding liabilities. The notes are expected to qualify as Tier 2 capital of TD for regulatory purposes.

DBS Bank Ltd., OCBC and TD Securities are the managers on the issue.

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 assets, and serves 28.1 million clients in four key businesses operating in a number of locations in financial centres around the globe: Canadian personal and commercial banking, including TD Canada Trust and TD Auto Finance Canada; U.S. banking, including TD Auto Finance U.S. and TD Wealth (U.S.); wealth management and insurance, including TD Wealth (Canada), TD Direct Investing and TD Insurance; and wholesale banking, including TD Securities and TD Cowen. TD also ranks among the world's leading digital banks, with more than 13 million active mobile users in Canada and the United States. TD had $2.1-trillion in assets on April 30, 2026. Toronto-Dominion trades under the symbol TD on the Toronto Stock Exchange and the New York Stock Exchange.