Supplemental Financial Information

Supplemental Financial Information For the First Quarter Ended January, 08 For further information, please contact: Investor Relations Department Gillian Manning 46-08-900 www.td.com/investor

Basis of Presentation The supplemental information contained in this package is designed to improve the readers' understanding of the financial performance of TD Bank Group ("TD" or the "Bank"). This information is unaudited and should be used in conjunction with the Bank's first quarter 08 Report to Shareholders, Earnings News Release (ENR), Supplemental Regulatory Capital Disclosure package, and Investor Presentation, as well as the Bank's 07 Annual Report. For acronyms used in this package, refer to the "Acronyms" page. How the Bank Reports The Bank prepares its Consolidated Financial Statements in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), the current generally accepted accounting principles (GAAP), and refers to results prepared in accordance with IFRS as "reported" results. Certain comparative amounts have been reclassified to conform with the presentation adopted in the current period. The Bank also utilizes non-gaap financial measures referred to as "adjusted" results to assess each of its businesses and to measure the Bank s overall performance. To arrive at adjusted results, the Bank removes "items of note", from reported results. The items of note relate to items which management does not believe are indicative of underlying business performance. The Bank believes that adjusted results provide the reader with a better understanding of how management views the Bank s performance. The items of note are disclosed on page of this package. As explained, adjusted results differ from reported results determined in accordance with IFRS. Adjusted results, items of note, and related terms used in this package are not defined terms under IFRS and, therefore, may not be comparable to similar terms used by other issuers. A reconciliation between the Bank s reported and adjusted results is provided in the "How the Bank Reports" section of the Bank's first quarter 08 Management's Discussion and Analysis (MD&A) and first quarter 08 ENR. Effective November, 07, the Bank adopted IFRS 9, Financial Instruments (IFRS 9), which replaces the guidance in IAS 9, Financial Instruments: Recognition and Measurement (IAS 9). Accordingly, fiscal 08 numbers are based on IFRS 9. The Bank did not restate prior periods which continue to be based on IAS 9. For further details, refer to Note of the Bank's first quarter 08 Interim Consolidated Financial Statements. Segmented Information For management reporting purposes, the Bank reports its results under three key business segments: Canadian Retail, which includes the results of the Canadian personal and commercial banking, wealth and insurance businesses; U.S. Retail, which includes the results of the U.S. personal and business banking operations, wealth management services, and the Bank s investment in TD Ameritrade; and Wholesale Banking. The Bank s other activities are grouped into the Corporate segment. The appendix page has been included to facilitate comparability with the reportable segments of the Bank's Canadian peers. Where applicable, the Bank measures and evaluates the performance of each segment based on adjusted results and adjusted return on common equity (ROE). Adjusted ROE is adjusted net income available to common shareholders as a percentage of average common equity. Adjusted ROE is a non-gaap financial measure as it is not a defined term under IFRS and, therefore, may not be comparable to similar terms used by other issuers. The capital allocated to the business segments was based on 9% Common Equity Tier (CET) Capital in fiscal 06, 07, and 08. The Bank determines its segments based on the view taken by the Chief Executive Officer to regularly evaluate performance and make key operating decisions, and is not necessarily comparable with other financial services companies. Results of each business segment reflect revenue, expenses, assets, and liabilities generated by the businesses in that segment. Due to the complexity of the Bank, its management reporting model uses various estimates, assumptions, allocations, and risk-based methodologies for funds transfer pricing, inter-segment revenue, income tax rates, capital, indirect expenses, and cost transfers to measure business segment results. Transfer pricing of funds is generally applied at market rates. Inter-segment revenue is negotiated between each business segment and approximates the value provided by the distributing segment. Income tax provision or recovery is generally applied to each segment based on a statutory tax rate and may be adjusted for items and activities unique to each segment. Net income for the operating business segments is presented before any items of note not attributed to the operating segments. Net interest income within Wholesale Banking is calculated on a taxable equivalent basis (TEB), which means that the value of the non-taxable or tax-exempt income, including dividends, is adjusted to its equivalent before-tax value. Using TEB allows the Bank to measure income from all securities and loans consistently and makes for a more meaningful comparison of net interest income with similar institutions. The TEB increase to net interest income and provision for income taxes reflected in Wholesale Banking's results are reversed in the Corporate segment. The Bank s U.S. strategic cards portfolio comprises agreements with certain U.S. retailers pursuant to which TD is the U.S. issuer of private label and co-branded consumer credit cards to their U.S. customers. Under the terms of the individual agreements, the Bank and the retailers share in the profits generated by the relevant portfolios after credit losses. Under IFRS, TD is required to present the gross amount of revenue and provisions for credit losses related to these portfolios in the Bank's Interim Consolidated Statement of Income. At the segment level, the retailer program partners' share of revenues and credit losses is presented in the Corporate segment, with an offsetting amount (representing the partners' net share) recorded in Non-interest expenses, resulting in no impact to Corporate reported Net income (loss). The Net income (loss) included in the U.S. Retail segment includes only the portion of revenue and credit losses attributable to TD under the agreements.

Table of Contents Page Page Highlights Loans Managed 5 Shareholder Value Gross Loans and Acceptances by Industry Sector and Geographic Location 6-8 Adjustments for Items of Note Impaired Loans 9 Canadian Retail Segment 4 Impaired Loans and Acceptances by Industry Sector and Geographic Location 0 - U.S. Retail Segment Canadian Dollars 5 Allowance for Loan/Credit Losses - 4 U.S. Dollars 6 Allowance for Loan/Credit Losses by Industry Sector and Geographic Location 5-8 Wholesale Banking Segment 7 Provision for Credit Losses 9 Corporate Segment 8 Provision for Loan/Credit Losses by Industry Sector and Geographic Location 0 - Net Interest Income and Margin 9 Analysis of Change in Equity 4-5 Non-Interest Income 0 Change in Accumulated Other Comprehensive Income, Net of Income Taxes 6 Non-Interest Expenses Analysis of Change in Non-Controlling Interests in Subsidiaries and Balance Sheet Investment in TD Ameritrade 7 Unrealized Gain (Loss) on Banking Book Equities and Assets Under Acronyms 8 Administration and Management Appendix Goodwill, Other Intangibles, and Restructuring Charges 4 Canadian and Commercial Banking A

Highlights ($ millions, except as noted) LINE 08 07 06 Full Year For the period ended # Q Q4 Q Q Q Q4 Q Q Q 07 06 Income Statement Net interest income $ 5,40 $ 5,0 $ 5,67 $ 5,09 $ 5,4 $ 5,07 $ 4,94 $ 4,880 $ 5,047 $ 0,847 $ 9,9 Non-interest income,90,940 4,09,64,979,67,777,79,56 5,0 4,9 Total revenue 9,60 9,70 9,86 8,47 9,0 8,745 8,70 8,59 8,60 6,49 4,5 Provision for credit losses 4 69 578 505 500 6 548 556 584 64,6,0 Insurance claims and related expenses 5 575 65 59 58 574 585 69 50 655,46,46 Non-interest expenses 6 4,846 4,88 4,855 4,786 4,897 4,848 4,640 4,76 4,65 9,66 8,877 Income (loss) before provision for income taxes 7,46,49,407,649,06,764,8,409,660, 0,646 Provision for (recovery of) income taxes 8,040 640 760 57 596 555 576 466 546,5,4 Income before equity in net income of an investment in TD Ameritrade 9,06,609,647,9,40,09,7,94,4 0,068 8,50 Equity in net income of an investment in TD Ameritrade 0 47 0 94 09 09 449 4 Net income reported,5,7,769,50,5,0,58,05, 0,57 8,96 Adjustment for items of note, net of income taxes 59 (09) 96 58 5 44 58 0 4 70 56 Net income adjusted,946,60,865,56,558,47,46,8,47 0,587 9,9 Preferred dividends 4 5 50 47 48 48 4 6 7 5 9 4 Net income available to common shareholders and non-controlling interests in subsidiaries adjusted 5 $,894 $,55 $,88 $,5 $,50 $,04 $,80 $,45 $, $ 0,94 $ 9,5 Attributable to: Common shareholders adjusted 6 $,876 $,58 $,789 $,485 $,48 $,75 $,5 $,7 $,9 $ 0,7 $ 9,06 Non-controlling interests adjusted 7 8 5 9 8 9 9 9 8 9 5 Earnings per Share (EPS) ($) and Weighted-Average Number of Common Shares Outstanding (millions) Basic earnings: reported 8 $.4 $.4 $.46 $. $. $.0 $.4 $.07 $.7 $ 5.5 $ 4.68 adjusted 9.56.6.5.4.4..7.0.8 5.55 4.88 Diluted earnings: reported 0.4.4.46...0.4.07.7 5.50 4.67 adjusted.56.6.5.4...7.0.8 5.54 4.87 Weighted-average number of common shares outstanding Basic,84.7,845.8,846.5,854.4,855.8,855.4,85.4,850.9,854.,850.6,85.4 Diluted,846.,849.9,850.,858.7,860.,858.8,856.6,85.9,857.5,854.8,856.8 Balance Sheet ($ billions) Total assets 4 $,6. $,79.0 $,0.4 $,5.9 $,86.9 $,77.0 $,8.4 $,4.8 $,7.6 $,79.0 $,77.0 Total equity 5 7. 75. 7.5 76. 7. 74. 7. 67.8 7.7 75. 74. Risk Metrics ($ billions, except as noted) Common Equity Tier Capital risk-weighted assets, 6 $ 44. $ 45.8 $ 408.8 $ 40. $ 40. $ 405.8 $ 88. $ 8.6 $ 99.6 $ 45.8 $ 405.8 Common Equity Tier Capital 7 46.8 46.6 45.0 45.4 4.7 4. 40.4 8.9 9.6 46.6 4. Common Equity Tier Capital ratio, 8 0.6 % 0.7 %.0 % 0.8 % 0.9 % 0.4 % 0.4 % 0. % 9.9 % 0.7 % 0.4 % Tier Capital 9 $ 5.4 $ 5.8 $ 5. $ 5. $ 50.6 $ 49.4 $ 46.4 $ 45.0 $ 45.7 $ 5.8 $ 49.4 Tier Capital ratio, 0. %. %.8 %.5 %.6 %. %.9 %.7 %.4 %. %. % Total Capital ratio, 4. 4.9 5.6 4.9 5. 5. 4.6 4.4.7 4.9 5. Leverage ratio 4 4.0.9 4..9 4.0 4.0.8.8.7.9 4.0 Liquidity coverage ratio (LCR) 5 0 4 4 0 8 4 n/a 6 n/a After-tax impact of % increase in interest rates on: Economic value of shareholders' equity ($ millions) 7 4 $ (0) $ (5) $ (0) $ (90) $ (8) $ (4) $ (9) $ (64) $ (5) $ (5) $ (4) Net interest income ($ millions) 8 5 5 70 74 67 97 87 7 6 70 70 87 Net impaired loans personal, business, and government ($ millions) 9 6,6,98,0,64,690,785,786,908,4,98,785 Net impaired loans personal, business, and government as a % of net loans and acceptances 9 7 0.7 % 0.8 % 0.8 % 0.4 % 0.45 % 0.46 % 0.48 % 0.5 % 0.54 % 0.8 % 0.46 % Provision for loan losses as a % of average net loans and acceptances 9 8 0.45 0.9 0. 0.5 0.4 0.7 0.9 0.4 0.45 0.7 0.4 Rating of senior debt: Moody's 9 Aa Aa Aa Aa Aa Aa Aa Aa Aa Aa Aa Standard and Poor's 40 AA- AA- AA- AA- AA- AA- AA- AA- AA- AA- AA- 4 5 6 7 8 9 Basic EPS is computed by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted EPS is calculated using the same method as basic EPS except that certain adjustments are made to net income attributable to common shareholders and the weighted-average number of shares outstanding for the effects of all dilutive potential common shares that are assumed to be issued by the Bank. As a result, the sum of the quarterly basic and diluted EPS figures may not equal the year-to-date EPS. Amounts are calculated in accordance with the Basel III regulatory framework, and are presented based on the "all-in" methodology. The credit valuation adjustment (CVA) capital charge is being phased in until the first quarter of 09. For fiscal 08, the scalars for inclusion of CVA for CET, Tier, and Total Capital risk-weighted assets (RWA) were 80%, 8%, and 86%, respectively (07 7%, 77%, and 8%, 06 64%, 7%, and 77%). As the Bank is constrained by the Basel I regulatory floor, the RWA as it relates to the regulatory floor is calculated based on the Basel I risk weights which are the same for all capital ratios. The leverage ratio is calculated as Tier Capital, based on the "all-in" methodology, divided by leverage exposures. Refer to page 4 of the Supplemental Regulatory Capital Disclosure Package for further details. Effective the first quarter of 07, the Office of the Superintendent of Financial Institutions Canada (OSFI) requires Canadian banks to disclose the LCR based on an average of the daily positions during the quarter. The LCR for the quarter ended January, 08 was calculated as an average of 6 daily data points. For the quarters ended October, 07, July, 07, April 0, 07, and January, 07, the LCRs were calculated based on an average of the 6, 64, 6, and 6 daily data points, respectively, in the quarter. Not applicable. This is also referred to as economic value at risk (EVaR), and the amounts represent the difference between the change in present value of the Bank's asset portfolio and the change in present value of the Bank's liability portfolio, including off-balance sheet instruments, resulting from an instantaneous change in interest rates. Amounts represent the -month net interest exposure to an instantaneous and sustained shift in interest rates. Excludes acquired credit-impaired (ACI) loans and prior to November, 07, debt securities classified as loans.

Shareholder Value ($ millions, except as noted) LINE 08 07 06 Full Year For the period ended # Q Q4 Q Q Q Q4 Q Q Q 07 06 Business Performance Net income available to common shareholders and non-controlling interests in subsidiaries reported $,0 $,66 $,7 $,455 $,485 $,60 $, $,05 $,98 $ 0,4 $ 8,795 Average common equity 68,64 67,859 68,777 68,956 67,697 66,769 64,595 64,56 64,64 68,49 65, Return on common equity reported. % 5.4 % 5.5 % 4.4 % 4.4 %. % 4. %.5 %. % 4.9 %. % Return on common equity adjusted 4 6.6 4.7 6. 4.8 4.5.6 4.5 4.0.5 5.0.9 Return on Common Equity Tier Capital risk-weighted assets reported 5.07.47.58.4.4.4.6.06..46. Return on Common Equity Tier Capital risk-weighted assets adjusted 6.60.7.67.48.44.8.4.0..48. Efficiency ratio reported 7 5.8 5. 5. 56.5 5.7 55.4 5. 57. 54.0 5.6 55.0 Efficiency ratio adjusted 8 50.6 5. 5.4 55.8 5. 54.8 5.6 54.8 5.5 5. 5.9 Effective tax rate Reported 9.0 9.7. 9.7 9.8 0. 0.5 9. 0.5 8. 0. Adjusted (TEB) 0.6.0.5..9.7.9.0.9.9.4 Net interest margin.9.96.94.98.96.96.98.05.06.96.0 Average number of full-time equivalent staff 8,58 8,57 8,090 8,48 8,508 8,975 8,978 80,05 79,97 8,60 8, Common Share Performance Closing market price ($) $ 74.8 $ 7.4 $ 64.7 $ 64. $ 67.4 $ 60.86 $ 56.89 $ 55.85 $ 5.5 $ 7.4 $ 60.86 Book value per common share ($) 4 6.58 7.76 6. 8.08 6.5 6.7 5.68.89 5.99 7.76 6.7 Closing market price to book value 5.05.94.77.69.86.66.59.65.48.94.66 Price-earnings ratio Reported 6.8...7 4.0.0.8.7.4..0 Adjusted 7.0..9.4.4.5.9.8.4..5 Total shareholder return on common shareholders' investment 8 4.9 % 4.8 % 7. % 9. %.7 % 7.9 %. % 4. % 9. % 4.8 % 7.9 % Number of common shares outstanding (millions) 9,84.7,89.6,848.6,84.4,856.4,857.,854.8,85.5,850.,89.6,857. Total market capitalization ($ billions) 0 $ 7.9 $ 4.9 $ 8.8 $ 8.4 $ 5. $.0 $ 05.5 $ 0.5 $ 98. $ 4.9 $.0 Dividend Performance Dividend per common share ($) $ 0.60 $ 0.60 $ 0.60 $ 0.60 $ 0.55 $ 0.55 $ 0.55 $ 0.55 $ 0.5 $.5 $.6 Dividend yield 4. %.5 %.7 %.6 %.4 %.8 %.9 % 4. %.8 %.6 %.9 % Common dividend payout ratio Reported 48. 4. 4. 45.9 4.6 45.7 44.5 5. 4.6 4.6 46. Adjusted 4 8. 4.9 9.7 44.8 4. 44.8 4.4 45.9 4. 4. 44. 4 Amounts are calculated in accordance with the Basel III regulatory framework, and are presented based on the "all-in" methodology. Net interest margin is net interest income calculated as a percentage of average earnings assets. Return is calculated based on share price movement and dividends reinvested over a trailing one year period. Dividend yield is calculated as the dividend per common share divided by the daily average closing stock price in the relevant period. Dividend per common share is derived as follows: a) for the quarter by annualizing the dividend per common share paid during the quarter; b) for the year-to-date by annualizing the year-to-date dividend per common share paid; and c) for the full year dividend per common share paid during the year.

Adjustments for Items of Note ($ millions, except as noted) LINE 08 07 06 Full Year For the period ended # Q Q4 Q Q Q Q4 Q Q Q 07 06 Pre-Tax Increase (Decrease) in Net Income Amortization of intangibles $ 85 $ 78 $ 74 $ 78 $ 80 $ 80 $ 79 $ 86 $ 90 $ 0 $ 5 Charges associated with the Scottrade transaction 7 46 46 Impact from U.S. tax reform 4 48 Dilution gain on the Scottrade transaction 5 4 (04) (04) Loss on sale of the Direct Investing business in Europe 6 5 4 4 Fair value of derivatives hedging the reclassified available-for-sale securities portfolio 7 6 (4) (9) 58 (46) (4) (7) Impairment of goodwill, non-financial assets, and other charges 8 7 Total 8 $ 06 $ (80) $ 6 $ 78 $ 9 $ 6 $ 79 $ 55 $ 44 $ 5 $ 49 Provision for (Recovery of) Income Taxes Amortization of intangibles 9 9 $ 7 $ 9 $ 8 $ 0 $ $ 0 $ $ $ 5 $ 78 $ 89 Charges associated with the Scottrade transaction 0 0 0 Impact from U.S. tax reform (405) Dilution gain on the Scottrade transaction Loss on sale of the Direct Investing business in Europe Fair value of derivatives hedging the reclassified available-for-sale securities portfolio 4 (7) () 7 (5) (7) () Impairment of goodwill, non-financial assets, and other charges 5 (5) (5) Total 6 $ (87) $ 9 $ 0 $ 0 $ 4 $ 7 $ $ 5 $ 0 $ 8 $ 8 Total After-Tax Increase (Decrease) in Net Income 7 $ 59 $ (09) $ 96 $ 58 $ 5 $ 44 $ 58 $ 0 $ 4 $ 70 $ 56 After-Tax Increase (Decrease) in Diluted Earnings per Share ($) 0 Amortization of intangibles 8 $ 0.04 $ 0.0 $ 0.0 $ 0.0 $ 0.0 $ 0.0 $ 0.0 $ 0.04 $ 0.0 $ 0. $ 0.4 Charges associated with the Scottrade transaction 9 0.04 0.0 0.0 Impact from U.S. tax reform 0 0.4 Dilution gain on the Scottrade transaction (0.) (0.) Loss on sale of the Direct Investing business in Europe 0.0 0.0 Fair value of derivatives hedging the reclassified available-for-sale securities portfolio (0.0) (0.0) 0.0 (0.0) (0.0) Impairment of goodwill, non-financial assets, and other charges 4 0.06 0.06 Total 5 $ 0. $ (0.06) $ 0.05 $ 0.0 $ 0.0 $ 0.0 $ 0.0 $ 0. $ 0.0 $ 0.04 $ 0.0 The adjustments for items of note are removed from reported results to arrive at adjusted results. Amortization of intangibles relates to intangibles acquired as a result of asset acquisitions and business combinations, including the after tax amounts for amortization of intangibles relating to the equity in net income of the investment in TD Ameritrade. Although the amortization of software and asset servicing rights are recorded in amortization of intangibles, they are not included for purposes of the items of note. On September 8, 07, the Bank acquired Scottrade Bank and TD Ameritrade acquired Scottrade. Scottrade Bank merged with TD Bank, N.A. The Bank and TD Ameritrade incurred acquisition related charges including employee severance, contract termination fees, direct transaction costs, and other one-time charges. These amounts have been recorded as an adjustment to net income and include the following: charges associated with the Bank's acquisition of Scottrade Bank in the first quarter 08 $5 million ($4 million after tax) and fourth quarter 07 $6 million ($6 million after tax) and the Bank's share of charges associated with TD Ameritrade's acquisition of Scottrade in the first quarter 08 $68 million after tax and fourth quarter 07 $0 million after tax. These amounts are reported in the U.S. Retail segment. 4 The U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the "U.S. Tax Act") on December, 07. The reduction of the U.S. federal corporate tax rate enacted by the U.S. Tax Act has resulted in a one-time net charge to earnings of $45 million, comprising a net $48 million pre-tax charge related to the write-down of certain tax credit-related investments, partially offset by the favourable impact of the Bank's share of TD Ameritrade's remeasurement of its deferred income tax balances, and a $405 million income tax expense resulting from the remeasurement of the Bank's deferred tax assets and liabilities to the lower base rate of % and other related tax adjustments. The earnings impact was reported in the Corporate segment. 5 In connection with TD Ameritrade's acquisition of Scottrade on September 8, 07, TD Ameritrade issued 8.8 million shares, of which the Bank purchased. million pursuant to its pre-emptive rights (together with the Bank's acquisition of Scottrade Bank and TD Ameritrade's acquisition of Scottrade, the "Scottrade transaction"). As a result of the share issuances, the Bank's common stock ownership percentage in TD Ameritrade decreased and the Bank realized a dilution gain of $04 million reported in the Corporate segment. 6 On June, 07, the Bank completed the sale of its Direct Investing business in Europe to Interactive Investor PLC. A loss of $40 million after tax was recorded in the Corporate segment in other income (loss). The loss is not considered to be in the normal course of business for the Bank. 7 The Bank changed its trading strategy with respect to certain trading debt securities and reclassified these securities from trading to the available-for-sale (AFS) category effective August, 008. These debt securities are economically hedged, primarily with credit default swap (CDS) and interest rate swap contracts which are recorded on a fair value basis with changes in fair value recorded in the period's earnings. As a result the derivatives were accounted for on an accrual basis in Wholesale Banking and the gains and losses related to the derivatives in excess of the accrued amounts were reported in the Corporate segment. Adjusted results of the Bank in prior periods exclude the gains and losses of the derivatives in excess of the accrued amount. Effective February, 07, the total gains and losses as a result of changes in fair value of these derivatives are recorded in the Wholesale Banking. 8 In the second quarter of 06, the Bank recorded impairment losses on goodwill, certain intangibles, other non-financial assets and deferred tax assets, as well as other charges relating to the Direct Investing business in Europe that had been experiencing continued losses. These amounts are reported in the Corporate segment. 9 The amount reported in the first quarter of 08 excludes $ million relating to the one-time adjustment of associated deferred tax liability balances as a result of the U.S. Tax Act. The impact of this adjustment is included in the Impact from U.S. tax reform Item of Note. 0 The impact of the items of note on EPS is calculated by dividing net income available to common shareholders by the weighted-average number of common shares outstanding for the period. As a result, the sum of the quarterly EPS impact may not equal the year-todate EPS impact.

Canadian Retail Segment RESULTS OF OPERATIONS ($ millions, except as noted) LINE 08 07 06 Full Year For the period ended # Q Q4 Q Q Q Q4 Q Q Q 07 06 Net interest income $,85 $,77 $,69 $,5 $,6 $,55 $,59 $,48 $,49 $ 0,6 $ 9,979 Non-interest income,75,65,67,599,590,599,6,469,540 0,45 0,0 Total revenue 5,550 5,98 5,9 5, 5,0 5,50 5,4 4,887 5,0,06 0,09 Provision for credit losses Impaired 4 7 44 8 5 69 6 58 6 8 986,0 Performing 4 5 Total provision for credit losses 6 70 44 8 5 69 6 58 6 8 986,0 Insurance claims and other related expenses 7 575 65 59 58 574 585 69 50 655,46,46 Non-interest expenses 8,,7,9,8,5,50,,095,079 8,94 8,557 Income (loss) before income taxes 9,94,67,5,4,5,05,058,000,069 8,896 8,79 Provision for (recovery of) income taxes 0 67 60 68 57 569 550 549 56 556,7,9 Net income reported $,757 $,664 $,75 $,570 $,566 $,50 $,509 $,464 $,5 $ 6,55 $ 5,988 Average common equity ($ billions) $ 4.8 $ 4.4 $ 4.6 $ 4. $ 4.4 $ 4.4 $ 4. $ 4. $ 4. $ 4.4 $ 4. Return on common equity reported 5 47. % 45.7 % 46.9 % 45.0 % 4. % 4.5 % 4.9 % 4.7 % 4.6 % 45. % 4.9 % Key Performance Indicators ($ billions, except as noted) Common Equity Tier Capital risk-weighted assets 6 4 $ 0 $ 00 $ 99 $ 00 $ 99 $ 99 $ 99 $ 0 $ 08 $ 00 $ 99 Average loans personal Residential mortgages 5 90.0 89.4 88.0 87.5 88. 88.0 85.6 85. 85. 88. 86.0 Home Equity Line of Credit (HELOC) 6 75.7 7.4 69.6 66.5 65. 64. 6.8 6. 6.0 68.8 6. Indirect auto 7.8..6 0.9 0.8 0.6 9.9 9. 9.0.4 9.7 Other 8 7. 7. 7.0 6.5 6. 6.0 6. 5.8 6. 6.7 6.0 Credit card 9 9.6 9. 9. 8.8 9. 9. 9. 8.7 9. 9. 9.0 Total average loans personal 0 5.4.5 5.4 0. 09.8 07.8 0.6 00. 00.6 4. 0.0 Average loans and acceptances business 69.7 68. 66.5 65.4 6.8 6.7 6.6 60.4 58. 66.0 60.8 Average deposits 89. 86.4 85.0 8.6 79.8 76. 7. 68.9 67. 8. 7. Business 09. 07.4 05.6 99. 99.0 95.6 90.6 85.0 85. 0.8 89. Wealth 4 4...7 4.5 4..5. 0.5 9.4 4.0 0.9 Net interest margin including securitized assets 5.88 %.86 %.84 %.8 %.8 %.78 %.79 %.77 %.80 %.8 %.78 % Assets under administration (AUA) 6 $ 97 $ 87 $ 70 $ 404 $ 90 $ 79 $ 7 $ 55 $ 4 $ 87 $ 79 Assets under management (AUM) 7 89 8 7 79 66 7 68 56 48 8 7 Gross originated insurance premiums ($ millions) 8 88,08,04 98 860,0,09 97 870,940,965 Efficiency ratio reported 9 4.6 % 4. % 4.6 % 4. % 4.8 % 4.7 % 4.5 % 4.9 % 4. % 4.4 % 4. % Number of Canadian retail branches at period end 0,9,8,8,5,54,56,5,5,57,8,56 Average number of full-time equivalent staff 8,050 8, 8,76 9,7 9,47 9,49 8,85 7,987 8,0 8,880 8,575 4 5 6 Certain comparative amounts have been recast to conform with the presentation adopted in the current period. Effective November, 07, the provision for credit losses (PCL) related to the allowances for credit losses for all three stages are recorded within the respective segment. Under IAS 9 and prior to November, 07, the PCL related to the incurred but not identified allowance for credit losses related to products in the Canadian Retail segment was recorded in the Corporate segment. PCL impaired represents Stage PCL under IFRS 9 and counterparty-specific and individually insignificant PCL under IAS 9 on financial assets. PCL performing represents Stage and Stage PCL under IFRS 9 and incurred but not identified PCL under IAS 9 on financial assets, loan commitments, and financial guarantees. Capital allocated to the business segments was based on 9% CET Capital in fiscal 06, 07, and 08. Amounts are calculated in accordance with the Basel III regulatory framework, and are presented based on the "all-in" methodology. 4

U.S. Retail Segment Canadian Dollars RESULTS OF OPERATIONS ($ millions, except as noted) LINE 08 07 06 Full Year For the period ended # Q Q4 Q Q Q Q4 Q Q Q 07 06 Net interest income $,940 $,87 $,94 $,85 $,89 $,8 $,755 $,77 $,769 $ 7,486 $ 7,09 Non-interest income 70 669 75 664 687 59 59 55 60,75,66 Total revenue,64,54,69,55,56,44,46,90,99 0, 9,459 Provision for credit losses Impaired 4 4 87 99 76 8 55 75 6 648 54 Performing 5 5 60 4 4 4 0 8 57 50 85 44 0 Total provision for credit losses 6 47 0 80 5 57 9 68 6 79 744 Non-interest expenses 7,447,59,466,449,44,499,7,46,406 5,878 5,69 Income (loss) before income taxes 8 949 809 99 94 85 7 806 7 77,55,0 Provision for (recovery of) income taxes 9 0 8 0 77 46 4 4 0 0 67 498 U.S. Retail Bank net income reported 0 846 67 78 77 689 608 66 6 64,880,54 Adjustments for items of note, net of income taxes 6 4 6 6 U.S. Retail Bank net income adjusted 850 687 78 77 689 608 66 6 64,896,54 Equity in net income of an investment in TD Ameritrade reported,7 06 05 8 08 9 5 08 09 44 45 Adjustments for items of note, net of income taxes 8 4 68 0 0 Equity in net income of an investment in TD Ameritrade adjusted,7 5 74 5 8 08 9 5 08 09 46 45 Net income adjusted 6,04 8 90 845 800 70 788 79 75,58,959 Net income reported 7 $ 95 $ 776 $ 90 $ 845 $ 800 $ 70 $ 788 $ 79 $ 75 $, $,959 Average common equity ($ billions) 8 $.8 $. $ 4.6 $ 4.6 $ 4.9 $.7 $.0 $.6 $ 4.4 $ 4. $.7 Return on common equity reported 9 9. % 9. % 0. % 0.0 % 9. % 8. % 9.5 % 8.7 % 8.7 % 9.7 % 8.8 % Return on common equity adjusted 9 0.0 9.7 0. 0.0 9. 8. 9.5 8.7 8.7 9.8 8.8 Key Performance Indicators ($ billions, except as noted) Common Equity Tier Capital risk-weighted assets 0 $ 8 $ 8 $ 4 $ $ 8 $ $ $ 00 $ 6 $ 8 $ Average loans personal Residential mortgages 8.9 8.4 7.8 8.0 7.9 7. 6.8 7. 8.5 8.0 7.5 HELOC...8.0..0.0.4 4..8.4 Indirect auto 4 8.8 7.9 8. 8.0 8. 7.5 6.6 6. 6.7 8. 6.8 Other 5 0.8 0.8 0.8 0.7 0.8 0.7 0.7 0.7 0.8 0.8 0.7 Credit card 6 5.8 4. 4.4 4. 4.5..7.9.8 4.4. Total average loans personal 7 86.6 8.6 84. 8.8 84.5 8.7 79.8 80.6 8.9 84. 8.6 Average loans and acceptances business 8 04. 0.6 05.9 06. 06.4 0.9 98.8 97.4 99.8 05.0 99.4 Average debt securities classified as loans 9 n/a 0.7 0.8 0.8..4.5.7.8 0.9.6 Average deposits 0 09.4 06.5..7 08.6 04.6 0.4 0. 0.7 0.0 0. Business 8. 8.4 85. 87.4 87. 85. 80. 8. 84.8 85.6 8. TD Ameritrade insured deposit accounts 8. 4.0 0.4 5.8 6. 6.8 08.9.4.9 4.. Net interest margin,.9 %.8 %.4 %.05 %.0 %. %.4 %. %. %. %. % Assets under administration 4 $ $ $ $ 5 $ $ $ $ $ $ $ Assets under management 5 80 8 76 8 78 89 96 9 0 8 89 Efficiency ratio reported 6 54.8 % 60. % 55.6 % 57.6 % 56.8 % 6.8 % 58.5 % 6.8 % 58.6 % 57.5 % 60. % Efficiency ratio adjusted 7 54.6 59. 55.6 57.6 56.8 6.8 58.5 6.8 58.6 57. 60. Non-interest expenses adjusted ($ millions) 8 $,44 $,50 $,466 $,449 $,44 $,499 $,7 $,46 $,406 $ 5,85 $ 5,69 Number of U.S. retail stores as at period end 9,44,70,60,60,57,78,67,65,64,70,78 Average number of full-time equivalent staff 40 6,68 6,094 5,8 5,745 6,07 6,0 5,998 5,599 5,6 5,9 5,7 4 5 6 7 8 9 0 The reduction of the U.S. federal corporate tax rate enacted by the U.S. Tax Act has resulted in a one-time adjustment to the Bank's U.S. deferred tax assets and liabilities to the lower base rate of %, as well as an adjustment to the Bank's carrying balances of certain tax credit-related investments and its investment in TD Ameritrade. The earnings impact was reported in the Corporate segment. Effective the first quarter of 07, the impact from certain treasury and balance sheet management activities relating to the U.S. Retail segment is recorded in the Corporate segment. Includes all Federal Deposit Insurance Corporation (FDIC) covered loans and other ACI loans. PCL impaired represents Stage PCL under IFRS 9 and counterparty-specific and individually insignificant PCL under IAS 9 on financial assets. PCL performing represents Stage and Stage PCL under IFRS 9 and incurred but not identified PCL under IAS 9 on financial assets, loan commitments, and financial guarantees. Items of note relate to the charges associated with the Bank's acquisition of Scottrade Bank. Refer to footnote on page. Includes the net impact of internal management adjustments which are reclassified to other reporting lines in the Corporate segment. Includes the impact of items of note relating to the Bank's share of charges associated with TD Ameritrade's acquisition of Scottrade Financial Services Inc. (Scottrade). Refer to footnote on page. Capital allocated to the business segments was based on 9% CET Capital in fiscal 06, 07, and 08. Amounts are calculated in accordance with the Basel III regulatory framework, and are presented based on the "all-in" methodology. Net interest margin a) includes the value of tax-exempt interest income, adjusted to its equivalent before-tax value, and b) excludes the impact related to the TD Ameritrade insured deposit accounts (IDA). This ratio a) excludes the impact of cash collateral deposited by affiliates with the U.S. banks, which has been eliminated at the U.S. Retail segment level, and b) the allocation to the IDA has been changed to reflect the Basel III liquidity rules. Includes full service retail banking stores. 5

U.S. Retail Segment U.S. Dollars RESULTS OF OPERATIONS (US$ millions, except as noted) LINE 08 07 06 Full Year For the period ended # Q Q4 Q Q Q Q4 Q Q Q 07 06 Net interest income $,5 $,498 $,457 $,9 $,8 $,96 $,54 $,08 $,88 $ 5,77 $ 5,46 Non-interest income 555 54 54 498 57 45 456 47 459,09,784 Total revenue,088,0,999,889,898,848,80,75,747 7,88 7,0 Provision for credit losses Impaired 4 4 48 60 4 88 6 86 84 99 498 40 Performing 5 5 47 6 77 44 9 6 09 57 Total provision for credit losses 6 95 6 7 4 9 46 0 60 607 559 Non-interest expenses 7,44,,,088,077,4,058,067,0 4,500 4,89 Income (loss) before income taxes 8 749 647 749 687 68 560 6 55 565,7,8 Provision for (recovery of) income taxes 9 80 09 59 0 95 0 76 95 5 76 U.S. Retail Bank net income reported 0 669 58 590 554 58 465 5 459 470,00,906 Adjustments for items of note, net of income taxes 6 U.S. Retail Bank adjusted 67 55 590 554 58 465 5 459 470,,906 Equity in net income of an investment in TD Ameritrade reported,7 8 8 88 8 8 7 97 78 8 6 8 Adjustments for items of note, net of income taxes 8 4 55 6 6 Equity in net income of an investment in TD Ameritrade adjusted,7 5 7 99 88 8 8 7 97 78 8 5 8 Net income adjusted 6 809 650 678 66 60 56 609 57 55,565,4 Net income reported 7 $ 75 $ 6 $ 678 $ 66 $ 60 $ 56 $ 609 $ 57 $ 55 $,56 $,4 Average common equity (US$ billions) 8 $ 6.7 $ 6.4 $ 6. $ 6.0 $ 6. $ 5.7 $ 5.4 $ 5. $ 5. $ 6. $ 5.4 Key Performance Indicators (US$ billions, except as noted) Common Equity Tier Capital risk-weighted assets 9 9 $ 77 $ 76 $ 7 $ 70 $ 67 $ 66 $ 6 $ 60 $ 54 $ 76 $ 66 Average loans personal Residential mortgages 0.8.7..0 0.9 0.7 0.6 0.6 0.7.4 0.7 HELOC 9.7 9.7 9.7 9.8 9.9 9.9 0.0 0. 0. 9.8 0. Indirect auto.8..4.0..0 0.5 9.8 9.4.5 0. Other 0.6 0.6 0.6 0.5 0.6 0.6 0.6 0.6 0.5 0.6 0.6 Credit card 4.5.5 0.9 0.6 0.9 0. 9.8 9.7 0..0 9.9 Total average loans personal 5 68.4 66.8 6.7 6.9 6.5 6. 6.5 60.8 6.0 64. 6.5 Average loans and acceptances business 6 8.4 8. 80. 79.7 79.9 77.7 76. 7. 7.6 80. 74.9 Average debt securities classified as loans 7 n/a 0.6 0.6 0.6.0.... 0.7. Average deposits 8 86.5 85. 85.0 84.6 8.5 79.7 79.0 77.8 74.7 84. 77.8 Business 9 65.0 65.9 64.6 65.6 65.6 64.9 6.8 6.0 6.7 65.4 6.6 TD Ameritrade insured deposit accounts 0 09. 99. 9. 94.5 94.8 89. 84.0 8.9 8.4 94.9 84.6 Assets under administration 9 8 8 8 8 7 7 7 6 8 7 Assets under management 65 6 6 60 60 66 74 74 7 6 66 Non-interest expenses adjusted (US$ millions),40,0,,088,077,4,058,067,0 4,479 4,89 4 5 6 7 8 9 The reduction of the U.S. federal corporate tax rate enacted by the U.S. Tax Act has resulted in a one-time adjustment to the Bank's U.S. deferred tax assets and liabilities to the lower base rate of %, as well as an adjustment to the Bank's carrying balances of certain tax credit-related investments and its investment in TD Ameritrade. The earnings impact was reported in the Corporate segment. Effective the first quarter of 07, the impact from certain treasury and balance sheet management activities relating to the U.S. Retail segment is recorded in the Corporate segment. Includes all FDIC covered loans and other ACI loans. PCL impaired represents Stage PCL under IFRS 9 and counterparty-specific and individually insignificant PCL under IAS 9 on financial assets. PCL performing represents Stage and Stage PCL under IFRS 9 and incurred but not identified PCL under IAS 9 on financial assets, loan commitments, and financial guarantees. Items of note relate to the charges associated with the Bank's acquisition of Scottrade Bank. Refer to footnote on page. Includes the net impact of internal management adjustments which are reclassified to other reporting lines in the Corporate segment. Includes the impact of items of note relating to the Bank's share of charges associated with TD Ameritrade's acquisition of Scottrade. Refer to footnote on page. Amounts are calculated in accordance with the Basel III regulatory framework, and are presented based on the "all-in" methodology. 6

Wholesale Banking Segment RESULTS OF OPERATIONS ($ millions, except as noted) LINE 08 07 06 Full Year For the period ended # Q Q4 Q Q Q Q4 Q Q Q 07 06 Net interest income (TEB) $ 9 $ 77 $ 9 $ 805 $ 9 $ 96 $ 90 $ 440 $ 459 $,804 $,685 Non-interest income, 546 47 57 464 45 469 6 05,467,45 Total revenue 875 694 90 88 857 74 859 766 664,7,00 Provision for (recovery of) credit losses Impaired,4 4 (4) (4) 50 (8) 74 Performing 5 5 (7) Total provision for (recovery of) credit losses 6 (7) (4) (4) 50 (8) 74 Non-interest expenses 7 5 40 504 48 54 4 47 44 49,99,79 Income (loss) before income taxes 8 7 74 98 4 57 08 4 75,70,7 Provision for (recovery of) income taxes (TEB) 6 9 9 4 05 9 90 70 09 56 6 97 Net income (loss) reported 0 $ 78 $ $ 9 $ 48 $ 67 $ 8 $ 0 $ 9 $ 6 $,09 $ 90 Average common equity ($ billions) $ 5.5 $ 5.7 $ 5.9 $ 6. $ 6.0 $ 5.9 $ 5.9 $ 6.0 $ 6. $ 6.0 $ 6.0 Return on common equity 7,8 0. % 6.0 % 9.6 % 6.4 % 7.5 % 6. % 0.4 % 4.8 % 0.6 % 7.4 % 5.5 % Key Performance Indicators ($ billions, except as noted) Common Equity Tier Capital risk-weighted assets 9 $ 6 $ 6 $ 6 $ 70 $ 69 $ 67 $ 67 $ 6 $ 65 $ 6 $ 67 Gross drawn 0 4 0 0 0 0 9 9 8 0 Efficiency ratio 5 58.4 % 60.5 % 55.9 % 58.8 % 6. % 58. % 50.9 % 57.6 % 64.6 % 59.0 % 57.4 % Average number of full-time equivalent staff 6 4,07 4,04 4,04,969,99,89,808,649,7,989,766 Trading-Related Income (Loss) (TEB) Interest rate and credit 7 $ 05 $ $ 07 $ 85 $ 48 $ 59 $ 9 $ 7 $ 7 $ 66 $ 74 Foreign exchange 8 85 59 05 6 7 56 49 6 54 67 6 Equity and other 9 5 5 04 94 65 59 94 55 80 7 Total trading-related income (loss) 0 $ 55 $ $ 46 $ 45 $ 55 $ 80 $ 447 $ 49 $ 80 $,74 $,66 4 5 6 7 8 9 0 Effective February, 07, the total gains and losses on derivatives hedging the reclassified AFS securities portfolio under IAS 9 were recorded in Wholesale Banking, previously reported in the Corporate segment and treated as an item of note. Effective November, 07, the accrual costs related to CDS used to manage Wholesale Banking's corporate lending exposure are recorded in non-interest income, previously reported as a component of PCL. The change in market value of the CDS, in excess of the accrual cost, continues to be reported in the Corporate segment. Effective November, 07, the PCL related to the allowances for credit losses for all three stages are recorded within the respective segment. Under IAS 9 and prior to November, 07, the PCL related to the incurred but not identified allowance for credit losses related to products in Wholesale Banking was recorded in the Corporate segment. PCL impaired represents Stage PCL under IFRS 9 and counterparty-specific and individually insignificant PCL under IAS 9 on financial assets. PCL performing represents Stage and Stage PCL under IFRS 9 and incurred but not identified PCL under IAS 9 on financial assets, loan commitments, and financial guarantees. The reduction of the U.S. federal corporate tax rate enacted by the U.S. Tax Act has resulted in a one-time adjustment to Wholesale Banking's U.S. deferred tax assets and liabilities to the lower base rate of %. The earnings impact was reported in the Corporate segment. Capital allocated to the business segments was based on 9% CET Capital in fiscal 06, 07, and 08. CVA is included in accordance with OSFI guidance. Amounts are calculated in accordance with the Basel III regulatory framework and are presented based on the "all-in" methodology. Includes gross loans and bankers' acceptances, excluding letters of credit, cash collateral, CDS, and allowance for credit losses relating to the corporate lending business. Includes trading-related income reported in net interest income and non-interest income. 7

Corporate Segment RESULTS OF OPERATIONS ($ millions) LINE 08 07 06 Full Year For the period ended # Q Q4 Q Q Q Q4 Q Q Q 07 06 Net interest income (loss), $ 6 $ 408 $ $ (80) $ 96 $ 9 $ 60 $ 85 $ 8 $ 946 $,66 Non-interest income (loss), (44) 9 94 88 8 7 95 88 649 45 Total revenue 4 9 67 46 8 54 40 55 6 56,595,67 Provision for credit losses,5,6 Impaired 7 4 04 94 84 0 6 49 5 88 84 5 Performing 8 5 50 7 (7) 9 8 70 58 9 8 49 Total provision for credit losses 6 8 87 7 9 9 0 8 466 50 Non-interest expenses 7 577 607 666 68 74 667 698 784 79,65,888 Income (loss) before income taxes and equity in net income of an investment in TD Ameritrade 8 (468) (0) (7) (747) () (8) (46) (578) (404) (,496) (,77) Provision for (recovery of) income taxes,9 9 07 (44) (8) (584) (09) (89) (5) (7) (0) (,0) (84) Equity in net income of an investment in TD Ameritrade 0 4 () 4 (4) 7 () Net income (loss) reported 9 (64) 4 (50) (60) (00) (8) (4) (50) (0) (69) (9) Adjustments for items of note, net of income taxes 0 5 (45) 96 58 5 44 58 0 4 4 56 Net income (loss) adjusted $ () $ (04) $ (54) $ (0) $ (75) $ (94) $ (8) $ (0) $ (78) $ (5) $ (575) Decomposition of Adjustments for Items of Note, Net of Income Taxes 0 Amortization of intangibles 4 $ 68 $ 59 $ 56 $ 58 $ 59 $ 60 $ 58 $ 6 $ 65 $ $ 46 Impact from the U.S. tax reform 5 45 Dilution gain on Scottrade 6 (04) (04) Loss on sale of the Direct Investing business in Europe 7 40 40 Fair value of derivatives hedging the reclassified available-for-sale securities portfolio 8 (4) (6) 5 (4) (4) (6) Impairment of goodwill, non-financial assets, and other charges 9 6 6 Total adjustments for items of note 0 $ 5 $ (45) $ 96 $ 58 $ 5 $ 44 $ 58 $ 0 $ 4 $ 4 $ 56 Decomposition of Items included in Net Income (Loss) Adjusted Net corporate expenses $ (98) $ (8) $ (66) $ (86) $ () $ (5) $ () $ (96) $ (0) $ (767) $ (86) Other 67 4 8 56 9 9 0 48 (4) 46 Non-controlling interests 8 5 9 8 9 9 9 8 9 5 Net income (loss) adjusted 4 $ () $ (04) $ (54) $ (0) $ (75) $ (94) $ (8) $ (0) $ (78) $ (5) $ (575) Average number of full-time equivalent staff 5 4,6 4, 4,58 4,540 4,95,80,0,790,688 4,68,60 4 5 6 7 8 9 0 Includes the elimination of TEB adjustments reported in Wholesale Banking's results. Business segment results are presented excluding the impact of asset securitization programs, which are reclassified in the Corporate segment. Effective February, 07, the total gains and losses on derivatives hedging the reclassified AFS securities portfolio are recorded in Wholesale Banking, previously reported in the Corporate segment and treated as an item of note. Effective the first quarter of 07, the impact from certain treasury and balance sheet management activities relating to the U.S. Retail segment is recorded in the Corporate segment. PCL relates to the Bank's U.S. strategic cards portfolio and debt securities residing in the Corporate segment. Effective November, 07, the PCL related to the allowances for credit losses for all three stages are recorded within the respective segment. Under IAS 9 and prior to November, 07, the PCL related to the incurred but not identified allowance for credit losses related to products in the Canadian Retail and Wholesale Banking segments were recorded in the Corporate segment. PCL impaired represents Stage PCL under IFRS 9 and counterparty-specific and individually insignificant PCL under IAS 9 on financial assets. PCL performing represents Stage and Stage PCL under IFRS 9 and incurred but not identified PCL under IAS 9 on financial assets, loan commitments, and financial guarantees. The reduction of the U.S. federal corporate tax rate enacted by the U.S. Tax Act has resulted in a one-time net charge to earnings of $45 million, comprising a net $48 million pre-tax charge related to the write down of certain tax credit-related investments, partially offset by the favourable impact of the Bank's share of TD Ameritrade's remeasurement of its deferred income tax balances and a $405 million income tax expense resulting from the remeasurement of the Bank's deferred tax assets and liabilities to the lower base rate of % and other related tax adjustments. For detailed footnotes to the items of note, refer to page. 8

Net Interest Income and Margin ($ millions, except as noted) LINE 08 07 06 Full Year For the period ended # Q Q4 Q Q Q Q4 Q Q Q 07 06 Interest Income Loans $ 6,469 $ 6,58 $ 6,045 $ 5,655 $ 5,705 $ 5,589 $ 5,4 $ 5,97 $ 5,4 $,66 $,75 Securities,700,487,464,45,47,9,00,5,50 5,7 4,584 Deposits with banks 9 4 5 5 75 68 6 58 7 446 5 Total interest income 4 8,08 7,886 7,64 7,95 7,7 6,876 6,595 6,470 6,69 9,8 6,560 Interest Expense Deposits 5,09,858,79,55,475,40,94,6,098 6,65 4,758 Securitization liabilities 6 9 6 0 4 47 45 Subordinated notes and debentures 7 9 0 97 9 00 07 04 96 88 9 95 Other 8 58 46 45 0 00 54 60 56 6,507,0 Total interest expense 9,878,556,57,086,986,804,67,590,57 8,985 6,67 Net Interest Income 0 5,40 5,0 5,67 5,09 5,4 5,07 4,94 4,880 5,047 0,847 9,9 TEB adjustment 05 6 59 457 86 79 8 65 654 Net Interest Income (TEB) $ 5,55 $ 5,56 $ 5,6 $ 5,566 $ 5,5 $ 5,58 $ 5,00 $ 4,96 $ 5, $,50 $ 0,5 Average total assets ($ billions) $,66 $,0 $,9 $,7 $, $,96 $,57 $,4 $,4 $,4 $,59 Average earning assets ($ billions) 4,6,077,077,056,04,0 989 969 975,06 99 Net interest margin 5.9 %.96 %.94 %.98 %.96 %.96 %.98 %.05 %.06 %.96 %.0 % 9

Non-Interest Income ($ millions) LINE 08 07 06 Full Year For the period ended # Q Q4 Q Q Q Q4 Q Q Q 07 06 Investment and Securities Services Broker dealer fees and commissions $ 50 $ 8 $ 8 $ 9 $ 8 $ 9 $ 7 $ 7 $ 0 $ 49 $ 46 Full-service brokerage and other securities services 56 45 4 5 8 6 6 05 06 960 85 Underwriting and advisory 6 6 47 55 77 8 99 589 546 Investment management fees 4 4 5 6 0 0 6 6 54 505 Mutual fund management 5 45 47 445 49 47 40 40 90 40,78,6 Trust fees 6 4 4 40 6 5 7 40 8 8 45 5 Total investment and securities services 7,56,095,4,09,,064,086,0 98 4,459 4,4 Credit fees 8 8 78 04 84 64 68 7 58 5,0,048 Net securities gain (loss) 9 4 7 6 4 8 7 () 8 54 Trading income (loss) 0 87 4 7 (88) 8 74 97 4 0 95 Income (loss) from non-trading financial instruments at fair value through profit or loss n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a Income (loss) from financial instruments designated XX at fair value through profit or loss XX Related to insurance subsidiaries (9) (6) (59) (5) 6 () 8 (9) Loan commitments (55) (8) (77) () (59) (4) () () (67) (48) Other 4 () () 6 () () 6 4 () 6 (5) Service charges 5 67 658 68 645 66 656 64 6 64,648,57 Card services 6 595 560 68 566 64 58 59 54 596,88, Insurance revenue 7 944 94 956 909 95 945 959 94 968,760,796 Other income XX Foreign exchange non-trading 8 4 0 44 54 8 40 40 Other 9 5 8 94 0 (5) (66) 59 600 (0) Total other income (loss) 0 54 55 60 77 48 6 (5) (45) 99 740 9 Total non-interest income $,90 $,940 $ 4,09 $,64 $,979 $,67 $,777 $,79 $,56 $ 5,0 $ 4,9 The results of the Bank s insurance business within Canadian Retail include both insurance revenue and the changes in fair value from investments that fund policy liabilities which are designated at fair value through profit or loss within the Bank s property and casualty insurance subsidiaries. The results of the Bank's economic hedges on loan commitments are included in Other income Other. Includes dilution gain of $04 million, on the Scottrade transaction, in the fourth quarter of 07. For further details, refer to footnote 5 on page. 0

Non-Interest Expenses ($ millions) LINE 08 07 06 Full Year For the period ended # Q Q4 Q Q Q Q4 Q Q Q 07 06 Salaries and Employee Benefits Salaries $,467 $,467 $,47 $,47 $,47 $,44 $,99 $,58 $,78 $ 5,89 $ 5,576 Incentive compensation 685 570 640 60 64 58 546 56 5,454,70 Pension and other employee benefits 408 90 44 44 480 5 8 40 47,75,55 Total salaries and employee benefits 4,560,47,57,478,586,,6,,8 0,08 9,98 Occupancy Rent 5 9 4 6 0 7 8 97 95 Depreciation and impairment losses 6 89 96 5 95 96 7 07 0 00 40 47 Other 7 4 05 0 8 0 7 475 48 Total occupancy 8 44 44 456 445 45 48 4 45 459,794,85 Equipment Rent 9 47 45 47 46 46 48 44 45 45 84 8 Depreciation and impairment losses 0 48 50 49 50 5 5 49 5 49 0 0 Other 50 57 5 5 44 40 8 50 607 560 Total equipment 45 5 49 49 4 9 48 6 99 944 Amortization of Other Intangibles Software and asset servicing rights 5 06 8 5 04 0 456 48 Other 4 6 6 58 6 64 64 6 69 74 48 70 Total amortization of other intangibles 5 96 86 7 75 70 8 78 7 75 704 708 Marketing and Business Development 6 56 0 7 84 66 98 90 8 7 76 74 Restructuring Charges 7 45 (4) (6) 7 (5) () (4) () (8) Brokerage-Related Fees 8 8 74 76 8 8 78 77 80 8 4 6 Professional and Advisory Services 9 5 4 7 80 89 79 00 8 7,65, Other Expenses 0 869 94 95 876 96 969 909,009 94,65,89 Total non-interest expenses $ 4,846 $ 4,88 $ 4,855 $ 4,786 $ 4,897 $ 4,848 $ 4,640 $ 4,76 $ 4,65 $ 9,66 $ 8,877 Includes the retailer program partners' share of the U.S. strategic cards portfolio.

Balance Sheet ($ millions) LINE 08 07 06 As at # Q Q4 Q Q Q Q4 Q Q Q ASSETS Cash and due from banks $,896 $,97 $ 4, $ 5,7 $,748 $,907 $,59 $,9 $,04 Interest-bearing deposits with banks 44,89 5,85 45,60 54,7 54,48 5,74 54,605 47,778 48,79 Trading loans, securities, and other,875 0,98 99,89,8 0,6 99,57 0,94 9,40 0,60 Non-trading financial assets at fair value through profit or loss 4 4,504 n/a n/a n/a n/a n/a n/a n/a n/a Derivatives 5 60,557 56,95 6,087 6,674 60,640 7,4 77,858 7,09 85,64 Financial assets designated at fair value through profit or loss 6,05 4,0,8,97 4,594 4,8 4, 4,79 4,55 Financial assets at fair value through other comprehensive income 7 5,6 n/a n/a n/a n/a n/a n/a n/a n/a Available-for-sale securities 8 n/a 46,4,7,99,75 07,57 99,674 9,644 94,7 9 5,50 0,556 90,0 00,470 88,770 8,5 84,799 64,55 85,899 Held-to-maturity securities 0 n/a 7,6 7, 8,0 77,98 84,95 8,4 76,88 80,07 Debt securities at amortized cost, net of allowance for credit losses 8,695 n/a n/a n/a n/a n/a n/a n/a n/a Securities purchased under reverse repurchase agreements 4,600 4,49 0,400,84 96,89 86,05 00,09 9,80 00,94 Loans XX Residential mortgages 7,87,079 5,505 7,4 5,658 7,6 5,050,98 5,456 : HELOC 4 88,5 87,49 84,95 8,66 78,79 78,58 76,977 74,770 75,6 Indirect auto 5 50,50 5,464 48,9 49,69 47,980 48,947 47,508 44,888 46,700 Other 6 8,689 8,8 8,65 7,98 7,656 7,6 6,980 6,66 6,65 Credit card 7,4,007,46,46,84,94,099 9,755,76 Business and government 8 0,878 00,978 9,505 0,67 95,600 94,074 86,089 77,04 8,99 Debt securities classified as loans 9 n/a,09,8,04,06,674,707,80,7 0 60,594 66,74 596,046 60,5 588,47 589,59 575,40 556,980 570,754 Allowance for loan losses (,465) (,78) (,677) (,89) (,85) (,87) (,77) (,66) (,76) Loans, net of allowance for loan losses 607,9 6,59 59,69 598,46 584,658 585,656 57,67 55,64 567,08 Other XX Customers' liability under acceptances 4,87 7,97 6,855 7,00,74 5,706 5,756 5,467 6,70 Investment in TD Ameritrade 4 7,505 7,784 6,74 7,8 6,88 7,09 6,859 6,47 7,0 Goodwill 5 5,558 6,56 5,60 6,94 6, 6,66 6,6 5,689 7,86 Other intangibles 6,5,68,586,76,66,69,54,509,7 Land, buildings, equipment, and other depreciable assets 7 5,0 5, 5,54 5,46 5,55 5,48 5,09 5,60 5,557 Deferred tax assets 8,5,497,47,94,95,084,850,987, Amounts receivable from brokers, dealers and clients 9,90 9,97 6,88,88,666 7,46 5,057 6,05,94 Other assets 0,84,64,44 4,4,076,790,77,906,895 8,600 94,900 78,65 97,7 80,899 79,890 86,5 85,496 87,566 Total assets $,6,6 $,78,995 $,0,8 $,5,90 $,86,88 $,76,967 $,8,46 $,4,786 $,7,584 LIABILITIES XX Trading deposits $ 9,87 $ 79,940 $ 8,7 $ 9,958 $ 9,485 $ 79,786 $ 7,084 $ 66,40 $ 84,77 Derivatives 4 58,578 5,4 6,00 57,5 57,96 65,45 69,70 67,8 7,0 Securitization liabilities at fair value 5,840,757,45,84,57,490,45,5 0,954 6 64,45 4,9 55,467 6,5 6,958 57,70 54,949 45,00 66,4 Deposits XX : Non-term 7 406,94 47,648 8,700 409,70 9,77 89,05 7,45 5,94 7,64 Term 8 50,47 50,507 49,54 50,95 50,7 50,80 50,0 50,085 50,744 Banks 9,959 5,887,79,689 0,44 7,0 8,959 4,479 6, Business and government 40,54 8,78 7,895 4,7,497 7,7 6,99 96,77 97,9 4 8,444 8,84 77,867 807, 774,54 77,660 757,9 74,5 76,50 Other XX Acceptances 4 4,87 7,97 6,855 7,00,74 5,706 5,756 5,467 6,70 Obligations related to securities sold short 4 7,67 5,48 4,806,6 0,5,5 44,564 40,76 4,876 Obligations related to securities sold under repurchase agreements 44 8,948 88,59 78,8 74,608 59,8 48,97 58,76 6,88 65,47 Securitization liabilities at amortized cost 45 5,77 6,076 6,688 7,98 7,8 7,98 9, 0,479,47 Amounts payable to brokers, dealers and clients 46 4,996,85 7,694 9,4 4,494 7,857 4,445 5,064,6 Insurance-related liabilities 47 6,7 6,775 6,77 6,778 6,9 7,046 7,5 6,505 6,586 Other liabilities 48 9,5 0,470 8,98 9, 8,484 9,886 9,55 6,450 6,90 49 0,95 7,54 89,869 96,95 68,695 60,50 89,40 88,59 9,54 Subordinated notes and debentures 50 7,58 9,58 9,74 8,48 8,94 0,89 8,94 8,89 7,695 Total liabilities 5,88,4,0,805,8,97,75,68,,58,0,75,,,056,96,0,90 EQUITY XX Shareholders' Equity XX Common shares 5,094 0,9 0,9 0,809 0,86 0,7 0,597 0,499 0,95 Preferred shares 5 4,750 4,750 4,750 4,400 4,400 4,400,400,400,400 Treasury shares: Common 54 (9) (76) () (45) (8) () (4) (4) (5) Preferred 55 (9) (7) (8) (7) (5) (5) (5) (4) (4) Contributed surplus 56 9 4 07 00 06 0 97 89 98 Retained earnings 57 4,744 40,489 9,47 7,577 7,0 5,45 4,87,44,585 Accumulated other comprehensive income (loss) 58 4,47 8,006 6,564,85 9,,84,07 8,689,467 59 7,88 74,07 7,876 74,587 7,680 7,564 69,57 66, 69,990 Non-controlling interests in subsidiaries 60 986 98,588,65,6,650,6,6,684 Total equity 6 7,74 75,90 7,464 76,9 7,0 74,4 7,04 67,8 7,674 Total liabilities and equity 6 $,6,6 $,78,995 $,0,8 $,5,90 $,86,88 $,76,967 $,8,46 $,4,786 $,7,584 Certain comparative amounts have been reclassified to conform with the presentation adopted in the current period.