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

    TORONTO, July 17 /CNW/ - TD Bank Financial Group announced today that it
expects TD Ameritrade's third quarter earnings to translate into a
contribution of CDN$74 million to third quarter net income for its Wealth
Management segment.
    TD Bank Financial Group will release its third quarter financial results
and webcast its quarterly earnings conference call live on the internet on
August 28, 2008. 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 seventh 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; Wealth Management, including TD Waterhouse and an investment
in TD Ameritrade; U.S. Personal and Commercial Banking through TD Banknorth
and Commerce; 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$503.6 billion in assets as of April 30, 2008. The
Toronto-Dominion Bank trades on the Toronto and New York Stock Exchanges under
the symbol "TD", as well as on the Tokyo Stock Exchange.

For further information:

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

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