TD Bank Financial Group Comments on Expected Impact of TD Ameritrade Holding Corp.'s First Quarter Earnings

    TORONTO, Jan. 20 /CNW/ - TD Bank Financial Group announced today that it
expects TD Ameritrade's first quarter earnings to translate into a
contribution of CDN$77 million to first quarter net income for its Wealth
Management segment.
    TD Bank Financial Group will release its first quarter financial results
and webcast its quarterly earnings conference call live on the internet on
February 25, 2009. Conference call and webcast details will be announced
closer to that date.

    About TD Bank Financial Group

    The Toronto-Dominion Bank and its subsidiaries are collectively known as
TD Bank Financial Group. TD Bank Financial Group is the sixth largest bank in
North America by branches and serves approximately 17 million customers in
four key businesses operating in a number of locations in key financial
centres around the globe: Canadian Personal and Commercial Banking, including
TD Canada Trust and TD Insurance; Wealth Management, including TD Waterhouse
and an investment in TD Ameritrade; U.S. Personal and Commercial Banking
through TD Banknorth and TD Bank, America's Most Convenient Bank; and
Wholesale Banking, including TD Securities. TD Bank Financial Group also ranks
among the world's leading on-line financial services firms, with more than 5.5
million on-line customers. TD Bank Financial Group had CDN$563 billion in
assets as of October 31, 2008. The Toronto-Dominion Bank trades under the
symbol "TD" on the Toronto and New York Stock Exchanges.

For further information:

For further information: Maria Leung, Corporate Communications, (416)
983-4093; Tim Thompson, Investor Relations, (416) 982-6346

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