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• Nov. 28, 2018

TD Bank Group today announced its financial results for the fourth quarter. Q4 was another terrific quarter for TD, with reported earnings of $3 billion, up 9%, and EPS of $1.58, up 11% from a year ago.

We executed well in all of our businesses, guided by our long-term strategy as a purpose-driven organization - operating from a position of strength as we build the better bank for tomorrow.

TD Bank Group Results

"I am extremely pleased with our earnings performance in the fourth quarter, which capped a very strong year. 2018 represented a year of tremendous progress as we advanced key strategic priorities and continued to innovate to strengthen our competitive advantage." - Bharat Masrani, Group President and Chief Executive Officer, TD Bank Group

Canadian Retail

Canadian Retail continued to perform well in a competitive landscape achieving strong volumes and market share gains in Real Estate Secured Lending, and maintaining its market leading position in credit cards, personal deposits, and direct investing1.

U.S. Retail Bank

The U.S. Retail Bank continued to invest in enhancing its capabilities, products and services, while achieving peer-leading growth in loan and deposit volumes. Earnings also reflect higher margins driven by a favourable rate environment and benefits from U.S. tax reform.

Wholesale Banking

Earnings reflect higher trading-related revenue, and fee and advisory revenue, partially offset by higher provisions for credit losses and expenses. The Wholesale Bank continues to invest in the global expansion of its U.S. dollar business.

Our Purpose: To enrich the lives of our customers, communities and colleagues.

1 Market share ranking is based on most current data available from OSFI for personal deposits and loans as at August 2018, from The Nilson Report for credit cards as at December 2017, and from Strategic Insight for Direct Investing asset, trades, and revenue metrics as at June 2018.

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