TORONTO -- TD Bank (NYSE: TD) is providing additional information on settlement procedures for stock dividend / stock split trading on the New York Stock Exchange ("NYSE").

For the purposes of "regular way" trading on the NYSE , the distribution date for stock dividend / stock split will be August 3, 1999, the ex-distribution date will be August 4, 1999 and the due bill redemption date will be August 6, 1999.

Due bills must accompany share certificates delivered after the July 8, 1999 record date in settlement of "regular way" trades on the NYSE made prior to the August 4, 1999 ex-distribution date.

The trading and settlement procedures for TD shareholders trading common shares on other exchanges remain unchanged from our previous news release of May 27, 1999.