Ms. Brooke Hales reports

TD BANK ANNOUNCES REDEMPTION OF 3.105% MEDIUM TERM NOTES (NON-VIABILITY CONTINGENT CAPITAL (NVCC)) (SUBORDINATED INDEBTEDNESS)

Toronto-Dominion Bank intends to exercise its right to redeem on April 22, 2025, all of its outstanding $3-billion 3.105 per cent medium-term notes due April 22, 2030 (non-viability contingent capital), constituting subordinated indebtedness of TD, at a redemption price of 100 per cent of the principal amount, plus accrued and unpaid interest to, but excluding, the redemption date.

Notice will be delivered to the holders of the subordinated notes in accordance with the terms thereof. Interest on the subordinated notes will cease to accrue on and after the redemption date. Subordinated notes redeemed by TD Bank Group will be cancelled and will not be reissued.

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 $2.09-trillion in assets on Jan. 31, 2025. TD trades under the symbol TD on the Toronto and New York stock exchanges.