TD BANK GROUP DECLARES DIVIDENDS

(all amounts in Canadian dollars)

TORONTO – May 28, 2026 -

The Toronto-Dominion Bank (the "Bank") today announced thata

dividend in an amount of one dollar and twelve cents ($1.12)per fully paid common share in the

capital stock of the Bank has been declared for the quarterending July 31, 2026, payable on and

after July 31, 2026, to shareholders of record at the closeof business on July 10, 2026.

In lieu of receiving their dividends in cash, holders of the Bank’scommon shares may choose to

have their dividends reinvested in additional common sharesof the Bank in accordance with the

Dividend Reinvestment Plan (the “Plan”).

Under the Plan, the Bank has the discretion to either purchasethe 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% to the Average MarketPrice (as defined in the Plan) of the additional

shares.For the July 31, 2026 dividend, the Bank will purchasethe additional shares in the open

market and therefore no discount will apply.

Registered holders of record of the Bank's common shareswishing to join the Plan can obtain an

Enrolment Form from TSX TrustCompany (1-800-387-0825) or on the Bank's website,

www.td.com/dividends/drip.In order to participate in the Plan in time for this dividend,Enrolment

Forms for registered holders must be received by TSXTrust Company at P.O.Box 4229, Postal

Station A, Toronto,Ontario, M5W 0G1, or by facsimile at 1-888-488-1416, beforethe close of

business on July 10, 2026.Beneficial or non-registered holders of the Bank's commonshares

wishing to join the Plan must contact their financial institutionor broker for instructions on how to

enroll in advance of the above date.

Registered holders who participate in the Plan and who wish toterminate that participation so that

cash dividends to which they are entitled to be paid on andafter July 31, 2026 are not reinvested

in common shares under the Plan must deliver written noticeto TSX Trust Company at the above

address by no later than July 10, 2026.Beneficial or non-registered holders who participate in

the Plan and who wish to terminate that participation so thatcash dividends to which they are

entitled to be paid on and after July 31,2026 are not reinvested in common shares under the

Plan must contact their financial institution or broker forinstructions on how to terminate

participation in the Plan in advance of July 10, 2026.

The Bank also announced that dividends have been declaredon the following Non-Cumulative

Redeemable Class A First Preferred Shares of the Bank, payableon and after July 31, 2026, to

shareholders of record at the close of business on July10, 2026:

●

Series 1, in an amount per share of $0.310625;

●

Series 16, in an amount per share of $0.3938125; and

●

Series 18, in an amount per share of $0.3591875.

The Bank for the purposes of the Income TaxAct (Canada) and any similar provincial legislation

advises that the dividend declared for the quarter endingJuly 31, 2026 and all future dividends

will be eligible dividends unless indicated otherwise.

About TD Bank Group

The Toronto-Dominion Bank and its subsidiaries are collectivelyknown as TD Bank Group ("TD"

or the "Bank"). TD is the sixth largest bank in North Americaby assets and serves 28.1 million

clients in four key businesses operating in a number oflocations in financial centres around the

globe: Canadian Personal and Commercial Banking, includingTD Canada Trust and TD Auto

Finance Canada; U.S. Banking, including 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 Securitiesand TD Cowen. TD also ranks

among North America's leading digital banks, with morethan 13 million active mobile users in

Canada and the U.S. TD had $2.1 trillionin assets on April 30, 2026. The Toronto-Dominion Bank

trades under the symbol "TD" on the TorontoStock Exchange and New YorkStock Exchange.

For more information contact:Jennifer dela Cruz

Business Management Specialist, Treasuryand

Corporate Securities

Legal Department – Shareholder Relations

(416) 944-6367

Tollfree 1-866-756-8936

Gabrielle Sukman

Senior Manager, Corporateand Public Affairs

(416) 983-1854