Ms. Caitlin Day reports

TD ANNOUNCES APPOINTMENT OF AMIT SAHASRABUDHE AS U.S. CHIEF OPERATING OFFICER

Amit Sahasrabudhe has been appointed chief operating officer of Toronto-Dominion Bank's TD Bank U.S., bringing more than 20 years of experience across financial services and consulting, with deep expertise in business transformation, profit and loss management, operations, technology, and strategy.

Key points:

• TD Bank U.S. appointed Mr. Sahasrabudhe as chief operating officer to lead operational effectiveness and build capabilities to support TD's long-term growth in the United States.
• Most recently, Mr. Sahasrabudhe worked at RBC as senior vice-president, personal banking and investments, overseeing one of its largest business portfolios.
• Mr. Sahasrabudhe's role will be effective Dec. 7, 2026. As COO, he will lead the U.S. transformation office; centralized governance and controls; data, analytics and artificial intelligence; core operations, collections and recovery; and financial crimes and prevention operations.

As U.S. chief operating officer, Mr. Sahasrabudhe will lead efforts to enhance operational effectiveness, strengthen execution and help build the capabilities needed to support TD's long-term growth ambitions in the United States.

Throughout his career, Mr. Sahasrabudhe has led large-scale digital transformation initiatives, risk remediation programs and AI-enabled business innovation. He joins TD from RBC, where he served as senior vice-president, personal banking and investments, overseeing one of its largest business portfolios. Previously, Mr. Sahasrabudhe served as chief operating officer of RBC Wealth Management U.S., where he led operations, technology, digital, analytics and strategy. He played a key role in advancing a broad transformation and modernization agenda that underpinned significant business growth. Additionally, Mr. Sahasrabudhe led RBC's home equity financing business, overseeing residential lending strategy, volume and bottom line growth, product and pricing management, distribution transformation, and regulatory compliance.

Mr. Sahasrabudhe also spent more than a decade with Deloitte advising financial institutions on growth strategy and enterprise transformation.

"Amit joins TD at an important point in our U.S. journey," said Leo Salom, president and chief executive officer, TD Bank U.S. "We are simplifying processes and modernizing core infrastructure, building a stronger foundation as we accelerate our investment into the U.S. market. Amit's proven ability to connect strategy, operations and technology will be invaluable as we continue to advance these priorities."

Mr. Sahasrabudhe's role will be effective Dec. 7, 2026, reporting to Salom. As COO, he will lead the U.S. transformation office; centralized governance and controls; data, analytics and AI; core operations, collections and recovery; and financial crimes and prevention operations.

About TD Bank U.S. Holding Company

TD Bank U.S. Holding Company and its subsidiaries, including TD Bank NA, are collectively known as TD Bank U.S. As the U.S. banking business of Toronto-Dominion Bank, a leading North American financial service firm, TD Bank U.S. serves more than 10 million clients and has a network of approximately 1,050 locations throughout the northeast, mid-Atlantic, Carolinas and Florida. It supports its clients and communities with a full range of retail, small business and commercial banking products and services. It also offers customized private banking and wealth management services, a comprehensive suite of credit card products for consumers and businesses, and automotive vehicle financing and dealer commercial services. TD Bank U.S. is one of the largest banks in the United States by assets and is headquartered in Mount Laurel, N.J.