Investor Presentaiton

Wholesale Banking TD Positioned for Growth ☐ Delivering client-focused Environmental, Social and Governance (ESG) advisory, thought leadership, and sustainable financing solutions to facilitate the transition to a low-carbon economy: - - TD Securities acted as the Sole Active Bookrunner on Dream Residential REIT's US$125 million Initial Public Offering and facilitated the first Pre-IPO Corporate ESG Assessment in any Canadian IPO, demonstrating TD's market leadership within equity capital markets. In Q3 2022, TD Securities ranked as the top Canadian bank for global Green, Social, Sustainability, and Sustainability-Linked ("GSSS") Bonds and Sustainability-Linked Loans underwriting67. Continue to build an integrated North American dealer franchise with global reach: Active Bookrunner on Eversource Energy's US$1.5 billion 2- and 5-year senior notes issuances, the largest Eversource offering ever. Proposed acquisition of Cowen Inc. will accelerate Wholesale Banking's U.S. dollar growth strategy by expanding its product and service offering, increasing depth in key business lines, and adding scale and high-quality talent. Strong Operating Model Drive innovation and build data and analytical capabilities to improve end-to-end process efficiency and enhance client value Continue to lower our cost structure to reflect reduced margins and volumes in parts of our business and create capacity for additional investments Maintain our focus on managing risk, capital, balance sheet, and liquidity Investing in Our People ■ Continue to be an extraordinary place to work with a focus on inclusion and diversity 37 32

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