TORONTO DOMINION BANK

Three Year History Prior to October 6, 2022, the Bank was a major shareholder of TD Ameritrade Holding Corporation ("TD Ameritrade"). On October 6, 2020, The Charles Schwab Corporation ("Schwab") completed its acquisition of TD Ameritrade (the "Schwab transaction"). Upon closing, the Bank exchanged its approximate 43% ownership in TD Ameritrade for an approximate 13.5% stake in Schwab, consisting of 9.9% voting common shares and the remainder in non-voting common shares, convertible into voting common shares upon transfer to a third party. On August 1, 2022, the Bank sold 28.4 million non-voting common shares of Schwab, which reduced the Bank’s ownership interest in Schwab to approximately 12.0%. On August 21, 2024, the Bank sold 40,500,000 voting common shares of Schwab, which reduced the Bank's ownership interest in Schwab to approximately 10.1%. On February 12, 2025, the Bank sold its remaining 10.1% ownership interest in Schwab through a registered offering and a repurchase by Schwab, resulting in the - 5 - termination of the stockholder agreement between the Bank and Schwab. The Bank and Schwab continue to have a relationship through the amended and restated insured deposit account agreement entered into on May 4, 2023, which has an initial expiration date of July 1, 2034. On March 1, 2023, the Bank completed its acquisition of Cowen Inc. ("Cowen"), advancing the Wholesale Banking segment’s long-term growth strategy in the U.S. and adding complementary products and services to the Bank’s existing businesses.