RNS Number:0036P
Toronto-Dominion Bank
25 August 2003


                             Monday August 25, 2003

   Maturity Payment Amount Announced for The Toronto-Dominion Bank / Deutsche
                          Telekom Equity Linked Notes

TORONTO - The Toronto-Dominion Bank announced today that its Toronto-Dominion
Bank / Deutsche Telekom Equity Linked Notes will mature on August 31, 2003 at a
price of Canadian $20.8254191 per note (the "maturity payment amount"). The
maturity payment amount is equal to USD $15.2079 being the weighted average
trading price of a Deutsche Telekom ADS on the New York Stock Exchange for the
twenty trading days ending five business days prior to the maturity date
converted to Canadian dollars at an exchange rate of 1.4039, adjusted as
described in the next sentence. The maturity payment amount reflects a decrease
of $0.5249517 per note, being the amount by which the Canadian dollar equivalent
of the dividends actually paid on a Deutsche Telekom ADS was less than the
interest paid on a note during the life of the note. As the maturity date is a
Sunday, the maturity payment amount together with the final interest payment on
the notes will be paid on the next succeeding business day, which is Tuesday,
September 2, 2003.

The notes will be delisted from the Toronto Stock Exchange at the close of
business on Friday, August 29, 2003.

About TD Bank Financial Group

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank
Financial Group. In Canada and around the world, TD Bank Financial Group serves
more than 13 million customers in three key businesses: personal and commercial
banking including TD Canada Trust; wealth management including the global
operations of TD Waterhouse; and a leading wholesale bank, TD Securities,
operating in a number of locations in key financial centres around the globe. 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. TD Bank Financial
Group had CDN$322 billion in assets, as of April 30, 2003. The Toronto-Dominion
Bank trades on the Toronto and New York Stock Exchanges under the symbol "TD".

                                     - 30 -

For more information, contact: Peter J. Aust, Vice President, Capital Finance
(416) 982-8056.




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