TD Bank Financial Group Intends to provide Global-Style Liquidity Back-Up lines to support its existing commitments for bank-sponsored asset backed commercial paper.

    TORONTO, Aug. 22 /CNW/ - Further to recent announcements by the Canadian
banks on the issue of bank-sponsored asset backed commercial paper, TD Bank
Financial Group announced today that it intends to convert its current back-up
liquidity lines to global-style liquidity facilities.

    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; Wholesale Banking, including TD Securities; and
U.S. Personal and Commercial Banking through TD Banknorth. 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
$397 billion in assets, as of April 30, 2007. The Toronto-Dominion Bank trades
on the Toronto and New York Stock Exchanges under the symbol "TD".

For further information:

For further information: Media relations: Simon Townsend, (416)
944-7161; Investor relations: Tim Thompson, (416) 982-6346

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