Ms. Jennifer dela Cruz reports

TD BANK GROUP DECLARES DIVIDENDS

Toronto-Dominion Bank has declared a dividend in an amount of $1.02 per fully paid common share in the capital stock of the bank for the quarter ending Oct. 31, 2024, payable on and after Oct. 31, 2024, to shareholders of record at the close of business on Oct. 10, 2024.

In lieu of receiving their dividends in cash, holders of the bank's common shares may choose to have their dividends reinvested in additional common shares of the bank in accordance with the dividend reinvestment plan.

Under the plan, the bank has the discretion to either purchase the additional common shares in the open market or issue them from treasury. If issued from treasury, the bank may decide to apply a discount of up to 5 per cent to the average market price (as defined in the plan) of the additional shares. For the Oct. 31, 2024, dividend, the bank will issue the additional shares from treasury, with no discount.

Registered holders of record of the bank's common shares wishing to join the plan can obtain an enrolment form from TSX Trust Company (1-800-387-0825) or on the bank's website. In order to participate in the plan in time for this dividend, enrolment forms for registered holders must be received by TSX Trust Company at P.O. Box 4229, Postal Station A, Toronto, Ont., M5W 0G1, or by facsimile at 1-888-488-1416, before the close of business on Oct. 10, 2024. Beneficial or non-registered holders of the bank's common shares wishing to join the plan must contact their financial institution or broker for instructions on how to enroll in advance of the above date.

Registered holders who participate in the plan and who wish to terminate that participation so that cash dividends to which they are entitled to be paid on and after Oct. 31, 2024, are not reinvested in common shares under the plan must deliver written notice to TSX Trust Company at the above address by no later than Oct. 10, 2024. Beneficial or non-registered holders who participate in the plan and who wish to terminate that participation so that cash dividends to which they are entitled to be paid on and after Oct. 31, 2024, are not reinvested in common shares under the plan must contact their financial institution or broker for instructions on how to terminate participation in the plan in advance of Oct. 10, 2024.

The bank also announced that dividends have been declared on the following non-cumulative redeemable Class A first preferred shares of the bank, payable on and after Oct. 31, 2024, to shareholders of record at the close of business on Oct. 10, 2024:

• Series 1, in an amount per share of 22.8875 cents;
• Series 5, in an amount per share of 24.225 cents;
• Series 7, in an amount per share of 20.00625 cents;
• Series 9, in an amount per share of 20.2625 cents;
• Series 16, in an amount per share of 39.38125 cents;
• Series 18, in an amount per share of 35.91875 cents;
• Series 27, in an amount per share of $28.75;
• Series 28, in an amount per share of $36.16.

The bank for the purposes of the Income Tax Act (Canada) and any similar provincial legislation advises that the dividend declared for the quarter ending Oct. 31, 2024, and all future dividends will be eligible dividends unless indicated otherwise.

About Toronto-Dominion Bank

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group.