News Releases

BMO Investments Inc. today announced a proposed mutual fund merger of BMO U.S. Equity Class with BMO Global Dividend Class to be effective on or about May 9, 2008.

As a result of this merger, shareholders of BMO U.S. Equity Class will have the potential to achieve greater portfolio diversification by investing in a larger fund with broader investment objectives. The investment objective of BMO Global Dividend Class is to achieve a high level of total return, including dividend income and capital gains, by investing primarily in dividend-yielding common and preferred shares of corporations from around the world.

The proposed fund merger is subject to shareholder and regulatory approval. Meetings of shareholders of each of BMO U.S. Equity Class and BMO Global Dividend Class will be held on or about May 5, 2008.

About BMO Investments Inc.
BMO Investments Inc. is a member of the BMO Financial Group and part of the organization's Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and had total assets under management and administration and term investments of $283 billion as at January 31, 2008.

- 30 -