Results by Business Segment ------------------------------------------------------------------------- Canadian Personal U.S. Personal (millions of and Commercial Wealth and Commercial Canadian dollars) Banking Management Banking(1) ------------------------------------------------------------------------- Oct. 31 Oct. 31 Oct. 31 Oct. 31 Oct. 31 Oct. 31 For the twelve months ended 2007 2006 2007 2006 2007 2006 ------------------------------------------------------------------------- Net interest income(3) $ 5,401 $ 4,879 $ 318 $ 377 $ 1,365 $ 1,290 Other income 2,848 2,573 1,995 1,883 583 490 ------------------------------------------------------------------------- Total revenue 8,249 7,452 2,313 2,260 1,948 1,780 Provision for (reversal of) credit losses(3) 608 413 - - 120 40 Non-interest expenses 4,256 4,086 1,551 1,575 1,221 1,087 Dilution gain, net - - - - - - ------------------------------------------------------------------------- Income (loss) before provision for (benefit of) income taxes 3,385 2,953 762 685 607 653 Provision for (benefit of) Income taxes 1,132 987 261 242 196 222 Non-controlling interests - - - - 91 195 Equity in net income of associated company, net of tax - - 261 147 - - ------------------------------------------------------------------------- Net income (loss) $ 2,253 $ 1,966 $ 762 $ 590 $ 320 $ 236 ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- (millions of Wholesale Canadian dollars) Banking(2) Corporate(2) Total ------------------------------------------------------------------------- Oct. 31 Oct. 31 Oct. 31 Oct. 31 Oct. 31 Oct. 31 ------------------------------------------------------------------------- For the twelve months ended 2007 2006 2007 2006 2007 2006 ------------------------------------------------------------------------- Net interest income(3) $ 875 $ 479 $(1,035) $ (654) $ 6,924 $ 6,371 Other income 1,619 1,792 312 83 7,357 6,821 ------------------------------------------------------------------------- Total revenue 2,494 2,271 (723) (571) 14,281 13,192 Provision for (reversal of) credit losses(3) 48 68 (131) (112) 645 409 Non-interest expenses 1,261 1,312 686 755 8,975 8,815 Dilution gain, net - - - 1,559 - 1,559 ------------------------------------------------------------------------- Income (loss) before provision for (benefit of) income taxes 1,185 891 (1,278) 345 4,661 5,527 Provision for (benefit of) Income taxes 361 262 (1,097) (839) 853 874 Non-controlling interests - - 4 (11) 95 184 Equity in net income of associated company, net of tax - - 23 (13) 284 134 ------------------------------------------------------------------------- Net income (loss) $ 824 $ 629 $ (162) $ 1,182 $ 3,997 $ 4,603 ------------------------------------------------------------------------- ------------------------------------------------------------------------- (1) Commencing May 1, 2007, the results of TD Bank U.S.A. Inc. (previously reported in the Corporate segment for the period from the second quarter 2006 to the second quarter 2007 and in Wealth Management segment prior to the second quarter of 2006) are included in the U.S. Personal and Commercial Banking segment prospectively. Prior periods have not been restated as the impact is not material. (2) The taxable equivalent basis (TEB) increase to net interest income and provision for income taxes reflected in the Wholesale Banking segment results is reversed in the Corporate segment. (3) The operating segment results are presented excluding the impact of asset securitization programs, which are reclassified in the Corporate segment. SHAREHOLDER AND INVESTOR INFORMATION ------------------------------------------------------------------------- Shareholder Services For shareholder inquiries relating to: missing dividends, lost share certificates, estate questions, address changes to the share register, dividend bank account changes or the dividend re-investment program, please contact our transfer agent: CIBC Mellon Trust Company, at P.O. Box 7010, Adelaide Street Postal Station, Toronto, Ontario, M5C 2W9, or 1-800-387-0825 or 416-643-5500 or (http://www.cibcmellon.com/ or ). For all other shareholder inquiries, please contact TD Shareholder Relations at 416-944-6367 or 1-866-756-8936 or email: . Internet website: http://www.td.com/ Internet e-mail: Designation of Eligible Dividends The Toronto-Dominion Bank for the purposes of the Income Tax Act, Canada and any similar provincial legislation advises that the dividend declared for the quarter ending January 31, 2008 and all future dividends will be eligible dividends unless indicated otherwise. Annual Report on Form 40-F (U.S.) A copy of the Bank's Annual Report on Form 40-F for fiscal 2007 will be filed with the Securities and Exchange Commission later today and will be available at http://www.td.com/. You may obtain a printed copy of the Bank's Annual Report on Form 40-F free of charge upon request to TD Shareholder Relations at 416-944-6367 or 1-866-756-8936 or e-mail: . General Information Contact Corporate & Public Affairs at (416) 982-8578 Products and services: Contact TD Canada Trust, 24 hours a day, seven days a week: 1-866-567-8888 French: 1-866-233-2323 Cantonese/Mandarin: 1-800-328-3698 Telephone device for the deaf: 1-800-361-1180 On-line Investor Presentation: Full financial statements and a presentation to investors and analysts (available on November 29) are accessible from the home page of the TD Bank Financial Group website, http://www.td.com/investor/calendar.jsp. Quarterly Earnings Conference Call: Telephone replay of the teleconference is available from November 30, 2007 to December 30, 2007. Please call 1-877-289-8525 toll free, in Toronto (416) 640-1917, passcode 21251919 (pound key). Webcast of Call: A live audio and video internet webcast of TD Bank Financial Group's quarterly earnings conference call with investors and analysts is scheduled on November 29, 2007 at 3:00 p.m. ET. The call is webcast via the TD Bank Financial Group website at http://www.td.com/. In addition, recordings of the presentations are archived on TD's website and will be available for replay for a period of one month. Annual Meeting Thursday April 3, 2008 Hyatt Regency Hotel Calgary Calgary, Alberta 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; U.S. Personal and Commercial Banking through TD Banknorth; and Wholesale Banking, including TD Securities. 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$422 billion in assets as of October 31, 2007. The Toronto-Dominion Bank trades on the Toronto and New York Stock Exchanges under the symbol "TD", as well as on the Tokyo Stock Exchange. DATASOURCE: TD Bank Financial Group CONTACT: PRNewswire - - 11/29/2007

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