Stabilisation - Prov Ontario

RNS Number:0337O
Toronto-Dominion Bank
14 February 2008


 
                     PRE-STABILISATION ANNOUNCEMENT


14 February 2008


Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful.


                              PROVINCE OF ONTARIO

                              Stabilisation Notice

The Toronto-Dominion Bank, (contact: Stephen Dirou, 020 7628 2262/Beverley
Tyrrell, 020 7448 8301/Johnathon Brent, 020 7760 8596) hereby gives notice that
the Stabilising Manager(s) named below may stabilise the offer of the following
securities in accordance with Commission Regulation (EC) No. 2273/2003
implementing the Market Abuse Directive (2003/6/EC).


The securities:

+---------------------------------------+----------------------------------+
|Issuer:                                |Province of Ontario               |
+---------------------------------------+----------------------------------+
|Guarantor (if any):                    |N/A                               |
+---------------------------------------+----------------------------------+
|Aggregate nominal amount:              |USD 1,000,000,000                 |
+---------------------------------------+----------------------------------+
|Description:                           |Global 3 year Fixed Rate USD Notes|
|                                       |due 22 February 2011              |
+---------------------------------------+----------------------------------+
|Offer price:                           |TBC                               |
+---------------------------------------+----------------------------------+
|Other offer terms:                     |London listing, Global transaction|
+---------------------------------------+----------------------------------+
|Stabilisation:                                                            |
+---------------------------------------+----------------------------------+
|Stabilising Manager(s):                |The Toronto-Dominion Bank         |
|                                       |Triton Court                      |
|                                       |14/18 Finsbury Square             |
|                                       |London EC2A 1DB                   |
|                                       |JP Morgan Securities Limited      |
|                                       |125 London Wall                   |
|                                       |London EC2Y 5AJ                   |
|                                       |Barclays Capital Inc.             |
|                                       |5 The North Colonnade             |
|                                       |Canary Wharf                      |
|                                       |London E14 4BB                    |
+---------------------------------------+----------------------------------+
|Stabilisation period expected to start |14 February 2008                  |
|on:                                    |                                  |
+---------------------------------------+----------------------------------+
|Stabilisation period expected to end no|14 March 2008                     |
|later than:                            |                                  |
+---------------------------------------+----------------------------------+
|Existence, maximum size and conditions |The Stabilising Manager(s) may    |
|of use of over-allotment facility:     |over-allot the securities to the  |
|                                       |extent permitted in accordance    |
|                                       |with applicable law. Maximum size |
|                                       |of any over-allotment is 5 per    |
|                                       |cent. of the aggregate nominal    |
|                                       |amount.                           |
+---------------------------------------+----------------------------------+

In connection with the offer of the above securities, the Stabilising Manager(s)
may over-allot the securities or effect transactions with a view to supporting
the market price of the securities at a level higher than that which might
otherwise prevail. However, there is no assurance that the Stabilising Manager
(s) will take any stabilisation action and any stabilisation action, if begun,
may be ended at any time. Any stabilization action or over-allotment shall be
conducted in accordance with all applicable laws and rules.

This announcement is for information purposes only and does not constitute an
invitation or offer to underwrite, subscribe for or otherwise acquire or dispose
of any securities of the Issuer in any jurisdiction.

This announcement and the offer of the securities to which it relates are only
addressed to and directed at persons outside the United Kingdom and persons in
the United Kingdom who have professional experience in matters related to
investments and high net worth persons within article 12(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be
acted on or relied on by other persons in the United Kingdom.

In addition, if and to the extent that this announcement is communicated in, or
the offer of the securities to which is relates is made in, any EEA Member State
that has implemented Directive 2003/71/EC (together with any applicable
implementing measures in any Member State, the "Prospectus Directive") before
publication of a prospectus in relation to the securities which has been
approved by the competent authority in that Member State in accordance with the
Prospectus Directive (or which has been approved by a competent authority in
another Member State and notified to the competent authority in that Member
State in accordance with the Prospectus Directive), this announcement and the
offer are only addressed to and directed at persons in that Member State who are
qualified investors within the meaning of the Prospectus Directive (or who are
other persons to whom the offer may lawfully be addressed) and must not be acted
on or relied on by other persons in that Member State.

This announcement is not an offer of securities for sale into the United States.
The securities have not been, and will not be, registered under the United
States Securities Act of 1933 and may not be offered or sold in the United
States absent registration or an exemption from registration. There will be no
public offer of securities in the United States.








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            The company news service from the London Stock Exchange

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