TD Executive Officer to Exercise Options

TORONTO, Dec. 4, 2015 /CNW/ - TD Bank Group (TD) announced today that Tim Hockey, Group Head, Canadian Banking and Wealth Management, TD Bank Group, and President and CEO, TD Canada Trust, will exercise 336,744 options for TD common shares.

These options were granted to Mr. Hockey in December 2009 through December 2011. The exercise of these options is required as a result of Mr. Hockey's upcoming move to TD Ameritrade Holding Corporation where he will assume the role of President effective January 2, 2016.

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:

Ali Duncan Martin
TD Bank Group
Media Relations

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