TD Bank Financial Group confirms financial participation in the Montreal Accord

TORONTO, March 17 /PRNewswire-FirstCall/ - TD Bank Financial Group (TDBFG)
today confirmed that, following a specific request, the Bank will provide
financial support to the agreement commonly known as the Montreal Accord
aiding in the restructuring of the non-bank sponsored asset-backed commercial
paper (ABCP) market. TD's financial participation will not be material to the
Bank, reflecting the fact TD did not have exposure to the non-bank ABCP
market.
"In light of continued challenges facing financial markets, TD was asked
to play a role and we've agreed on the basis that both the government and the
Montreal Accord Committee indicated our participation is critical to the
overall success of the restructuring process. We have always said that we
would be part of a solution if our participation was needed to resolve this
issue and did not involve significant risks to our shareholders and
customers," said Ed Clark, President and CEO, TDBFG. "The Pan-Canadian
Committee's ability to reach an agreement is a positive step forward in
contributing to a solution that brings stability to this market issue."
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 than14 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$435 billion in assets, as of January 31, 2008. 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.
SOURCE TD Bank Financial Group

Simon Townsend, Media Relations, (416) 944-7161; Tim Thompson, Investor
Relations, (416) 308-9030