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BMO Capital Markets Hires Senior Technology Research Analyst to Cover Enterprise Hardware & Imaging

BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group (NYSE, TSX: BMO), announced today the hiring of Keith Bachman as a Senior Research Analyst for its U.S. Equity Research team. As part of the Technology & Telecommunications group, Mr. Bachman will cover the Enterprise Hardware & Imaging sectors, a new area of focus for BMO Capital Markets.

“We're excited to offer our institutional clients coverage of such a dynamic and important industry,” said Jack Blackstock, Director of U.S. Equity Research. “Keith has built a solid reputation as a leading analyst in accurately deciphering where smart investment ideas can be found among the hardware stocks. He's a great addition to our research team.”

In the 2006 Institutional Investor's “Best Analysts of the Year” survey, Mr. Bachman was named a runner-up in the IT Hardware category. Most recently, Mr. Bachman was a Senior Research Analyst at Banc of America Securities. Previously, he was an equity analyst at SAC Capital, ABN Amro and WR Hambrecht where he covered Enterprise Hardware & Storage, Electronic Manufacturing Service, and IT Channels of Distribution. Earlier in his career, Mr. Bachman worked in strategic planning for both Hewlett-Packard and Morrison Knudsen. He earned a BA from Princeton University and an MBA from the University of Virginia's Darden School of Business. He holds a CFA designation.

About BMO Capital Markets' Equity Research Group
BMO Capital Markets U.S. Equity Research now covers more than 315 companies in sectors that also include Business Services, Capital Goods, Consumer & Leisure, Energy & Power, Financial Institutions & REITs, Food & Agribusiness, Healthcare, and Media & Entertainment. A complete list of the firm's U.S. equity analyst team and coverage universe can be viewed at:
www.bmocm.com/research/equities/us/.

About BMO Capital Markets
BMO Capital Markets is a leading full-service North American financial services provider, with over 2,000 employees operating in 14 North American offices and 26 worldwide, offering corporate, institutional and government clients access to a complete range of investment and corporate banking products and services. BMO Capital Markets is a member of BMO Financial Group (NYSE, TSX: BMO), one of the largest diversified financial services providers in North America with more than US$329 billion in total assets and 35,000 employees as of April 30, 2007. For more information, visit
www.bmocm.com.

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