TD Bank Financial Group Executive Announces Plans to Donate Common Shares to Charitable Organizations

    TORONTO, Dec. 3 /CNW/ - TD Bank Financial Group ("TDBFG") today announced
that William Ryan, Chairman of the Board, TD Banknorth, has advised of his
intention to donate approximately 5,900 common shares of The Toronto-Dominion
Bank (the "Bank") that he presently owns to several charitable organizations
in the Northeastern United States.
    This announcement is in keeping with TDBFG's policy requiring all Named
Executive Officers in the management proxy circular to pre-disclose by way of
news release any intention to trade in the Bank's common shares.

    About TD Bank Financial Group

    The Toronto-Dominion Bank and its subsidiaries are collectively known as
TD Bank Financial Group. TD Bank Financial Group serves more than 14 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 Wholesale Banking, including TD Securities. TD Bank Financial
Group also ranks among the world's leading on-line financial services firms,
with more than 4.5 million on-line customers. TD Bank Financial Group had
CDN$422 billion in assets as of October 31, 2007. 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: Simon Townsend, Corporate Communications, (416)

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