News Releases

The Board of Directors of Bank of Montreal today declared a quarterly dividend of 49 cents a share on paid-up common shares of Bank of Montreal for the first quarter of fiscal year 2006, unchanged from the previous quarter.

For the current quarter, the Board also declared a dividend of 30.00 cents a share on paid-up Class B Preferred Shares Series 4, a dividend of 33.125 cents a share on paid-up Class B Preferred Shares Series 5, a dividend of 29.6875 cents a share on paid-up Class B Preferred Shares Series 6, and a dividend of US 37.1875 cents a share on paid-up Class B Preferred Shares Series 10 of Bank of Montreal.

The dividend on the common shares is payable February 27, 2006 to shareholders of record on February 3, 2006. The dividends on the preferred shares are payable February 27, 2006 to shareholders of record on February 3, 2006.

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