Ms. Brooke Hales reports

TD BANK GROUP ANNOUNCES CLOSING OF SALE OF SCHWAB STOCK

Toronto-Dominion Bank has closed the sale of its entire equity investment in Charles Schwab Corp. (NYSE: SCHW), consisting of 184,678,738 shares of Schwab's common stock representing 10.1-per-cent economic ownership. The bank sold 165,443,530 shares through a registered offering at a price of $79.25 (U.S.) per share, and Schwab repurchased 19,235,208 shares from TD for a total purchase price of $1.5-billion (U.S.).

Schwab has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents Schwab has filed with the SEC, including the preliminary prospectus supplement dated Feb. 10, 2025, for more complete information about Schwab and this offering. You may get electronic copies of these documents at no charge by visiting EDGAR on the SEC website. Alternatively, copies of the preliminary prospectus supplement and accompanying prospectus may be obtained from: TD Securities (USA) LLC, 1 Vanderbilt Ave., New York, N.Y., 10017, telephone: 1-855-495-9846 or e-mail at TD.ECM_Prospectus@tdsecurities.com; or (ii) Goldman Sachs & Co. LLC, attention: Prospectus Department, 200 West St., New York, N.Y., 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316, or e-mail at Prospectus-ny@ny.email.gs.com.

About Toronto-Dominion Bank

TD and its subsidiaries are collectively known as TD Bank Group. TD is the sixth-largest bank in North America by assets and serves over 27.9 million customers in four key businesses operating in a number of locations in financial centres around the globe: Canadian personal and commercial banking, including TD Canada Trust and TD Auto Finance Canada; U.S. retail, including TD Bank, America's Most Convenient Bank, TD Auto Finance U.S. and TD Wealth (U.S.); wealth management and insurance, including TD Wealth (Canada), TD Direct Investing and TD Insurance; and wholesale banking, including TD Securities and TD Cowen. TD also ranks among the world's leading on-line financial service firms, with more than 17 million active on-line and mobile customers. TD had $2.06-trillion in assets on Oct. 31, 2024. TD trades under the symbol TD on the Toronto and New York stock exchanges.