Dividend Declaration

RNS Number:3867E
Toronto-Dominion Bank
27 November 2002

TD Bank Financial Group Declares Dividends

TORONTO - The Toronto-Dominion Bank today announced that a dividend in an amount
of twenty-eight cents (28c) per fully paid common share in the capital stock of
the Bank has been declared for the quarter ending January 31, 2003, payable on
and after January 31, 2003 to shareholders of record at the close of business on
December 19, 2002.

In lieu of cash, holders of TD Bank common shares may choose to reinvest their
dividends in common shares of the Bank in accordance with the Dividend
Reinvestment Plan (the "Plan").

At the option of the Bank, purchases of such shares can be made in the open
market or issued by the Bank from treasury. At this time, the Bank has elected
to issue shares from treasury at a 21/2% discount to the Average Market Price
(as defined in the Plan) until such time as the Bank elects otherwise.

Any registered holder of record wishing to join the Plan can obtain an Enrolment
Form from CIBC Mellon Trust Company (1-800-387-0825) or on the Bank's website,
www.td.com, under Investor Information (Shares and Debt Information). Beneficial
or non-registered holders of TD Bank common shares must contact their financial
institution or broker to participate.

In order to participate in time for this dividend, Enrolment Forms for
registered holders must be in the hands of CIBC Mellon Trust Company at P.O. Box
7010, Adelaide Street Postal Station, Toronto, Ontario, M5C 2W9 before the close
of business on December 18, 2002. Beneficial or non-registered holders should
contact their financial institution or broker for instructions on how to
participate in advance of the above date.

TD Bank also announced that dividends have been declared on the following
Non-cumulative Redeemable Class A First Preferred Shares of the Bank, payable on
and after January 31, 2003 to shareholders of record at the close of business on
January 8, 2003:

  * Series G, in an amount per share of U.S. $0.3375;
  * Series H, in an amount per share of $0.44375;
  * Series I, in an amount per share of $0.01;
  * Series J, in an amount per share of $0.31875;
  * Series K, in an amount per share of $0.459375; and
  * Series L, in an amount per share of U.S. $0.40.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

DIVMGMZMRNFGZZM