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BMO Capital Markets Hires Veteran Natural Gas Analyst for North American Coverage

BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group (NYSE, TSX: BMO), has hired Carl L. Kirst as a senior research analyst to the firm's Equity Research Group.

Based in Houston, Mr. Kirst will cover the North American natural gas industry, including pipeline, processing, and utility distribution companies, in a variety of structures ranging from C-corporations to master limited partnerships (MLPs).

“With Carl Kirst covering natural gas companies in both the U.S. and Canada, we continue to build upon our cross-border strategy of providing our clients with relevant and integrated investment ideas,” said Jack Blackstock, Co-Head of Equity Research, BMO Capital Markets. “Carl's experience and talent as a highly respected analyst will complement the coverage of both Mike Worms, our U.S. electric utilities analyst, and Mike McGowan, our Canadian small cap gas and electric utilities analyst as well as our full Energy research team located in Denver and Calgary.”

With more than 10 years of sell-side research experience as a natural gas analyst, Mr. Kirst has worked for Merrill Lynch, Jefferies, and most recently Credit Suisse Securities. In 2003, he helped establish Dennard Rupp Gray & Easterly, an investor relations agency. Mr. Kirst is a graduate of Rice University in Houston and he holds a CFA designation.

The full complement of the BMO Capital Markets Energy, Utilities and Power Equity Research team now includes Mr. Kirst in Houston; Mr. Worms in New York; Mr. McGowan in Toronto; in Denver, Ray Deacon and Dan McSpirit; and in Calgary, Christopher Brown, Jim Byrne, Mark Leggett, Michael Mazar, Randy Ollenberger, Kent Porteous, Cameron Renkas, and Gordon Tait.

About the BMO Capital Markets Equity Research Group
With more than 70 research analysts, BMO Capital Markets Equity Research now covers more than 900 companies in industries that include Business Services; Capital Goods; Consumer & Leisure; Energy, Utilities & Power; Financial Institutions & REITs; Food & Agribusiness; Healthcare; Media & Entertainment; Metals & Mining; and Technology & Telecommunications. A complete list of the firm's U.S. and Canadian equity analyst team and coverage universe can be viewed at: www.bmocm.com/research/equities/.

About BMO Capital Markets
BMO Capital Markets is a leading full-service North American financial services provider, with over 2,400 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 total assets of US $375 billion and more than 36,000 employees as at January 31, 2008.