TD Executives to "Exercise and Hold" Options

TORONTO, Dec. 18, 2015 /CNW/ - TD Bank Group (TD) announced today that, in accordance with its policies, Bharat Masrani, Group President and Chief Executive Officer, and Bob Dorrance, Chairman, CEO & President, TD Securities, intend to exercise 153,760 and 217,464 options, respectively, for TD common shares, and will continue to hold the TD common shares after such exercise.

About TD Bank Group

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank"). TD is the sixth largest bank in North America by branches and serves more than 24 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. TD also ranks among the world's leading online financial services firms, with approximately 10.2 million active online and mobile customers. TD had CDN$1.1 trillion in assets on October 31, 2015. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.

SOURCE TD Bank Group

For further information:

David Morelli, Media Relations, TD Bank Group, (416) 982-5379


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