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TORONTO, June 6 /CNW/ - TD Bank Financial Group (TDBFG) today announced that Fredric Tomczyk, Vice Chair, Corporate Operations of TDBFG advised of his intention to exercise up to approximately 125,000 stock options and sell the acquired shares, and to sell up to approximately 24,000 additional shares of the Bank that he presently owns. Mr. Tomczyk's decision was made in connection with the announcement on June 5, 2007 that he will resign in July, 2007 to join TD AMERITRADE as the Chief Operating Officer later that month. This announcement is in keeping with TDBFG's policy requiring all Named Executive Officers in the management proxy circular to pre-disclose by way of news release any intention to trade in the Bank's common shares, including the exercise of stock options. This disclosure must occur no less than five business days in advance of the date on which the transaction is to take place. 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. The Bank had $397 billion in assets as of April 30, 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. For further information: Neil Parmenter, VP External Communications, (416) 982-4285

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