News Releases

BMO Bank of Montreal Changes Mortgage Rates

BMO Bank of Montreal today announced it is changing its variable mortgage rates effective May 25, 2006.

The new rates are:

Variable Rates:	To:	Change:
3 year open	6.000%	0.25%
6 year Below Prime	5.625%	0.25%
5 year Protected	5.900%	0.25%

The ceiling on the Five-Year Protected Variable Rate mortgage is 6.75%.

- 30 -