TD Waterhouse and Money.net Form Marketing Alliance

Tuesday, February 22nd, 2000 9:00 AM Eastern Time

NEW YORK, Feb. 22 /PRNewswire/ -- TD Waterhouse Group, Inc. (NYSE: TWE; TSE), a leading online financial services firm and the world's second-largest discount broker, and Money.net (http://www.money.net), the first online financial news and information community to offer free streaming real-time stock portfolio tracking, today announced an alliance that will bring TD Waterhouse's U.S. online brokerage service offerings to users of Money.net.

TD Waterhouse will be Money.net's exclusive brokerage partner. This is the first alliance of its kind that TD Waterhouse has formed with a pure financial services portal community in the United States. The alliance will allow Money.net customers to access TD Waterhouse online brokerage services directly from the Money.net site. "The range and value of online financial services provided by TD Waterhouse in this partnership are second to none," says CEO Harold Van Arnem. "This partnership exemplifies Money.net's commitment to offering the best of breed financial services to our valued customer base."

"Our partnership with Money.net exemplifies TD Waterhouse's commitment to the online investor. Money.net is a leader in the area of streaming real-time portfolio tracking and we think that investors who find their technology compelling will also appreciate TD Waterhouse's reputation for excellence in online financial services," says Frank Petrilli, president and chief operating officer at TD Waterhouse.

TD Waterhouse Group, Inc. also known as "TD Waterhouse," provides investors with a broad range of brokerage, mutual fund, banking and other consumer financial products on an integrated basis. Worldwide, TD Waterhouse currently services over 3.3 million customer accounts in the United States, Canada, Australia, Hong Kong and the United Kingdom. Recently, it announced joint ventures in India (with Tata Finance Limited) and Japan (with Bank of Tokyo-Mitsubishi, Ltd.) to pursue online financial services in those countries. In the United States, brokerage services are provided by TD Waterhouse Investor Services, Inc. (Member NYSE/SIPC).

TD Waterhouse can be found on the Internet at http://www.tdwaterhouse.com.

Money.net launched in October 1999, as the only online news and information service to provide a true streaming real-time portfolio tracker for free. The site's services are designed to provide users with the tools that will assist them in making better financial decisions. In addition to the introduction of brokerage services, Money.net's product offering includes access to insurance, loans, credit cards, financial planning and bill payment.

Headquartered in New York City, Money.net is privately held.