News Releases

The Board of Directors of Bank of Montreal today declared a quarterly dividend of $0.70 per share on paid-up common shares of Bank of Montreal for the third quarter of fiscal year 2008, unchanged from the previous quarter.

For the current quarter, the Board also declared a dividend of $0.33125 per share on paid-up Class B Preferred Shares Series 5, a dividend of $0.296875 per share on paid-up Class B Preferred Shares Series 6, a dividend of US$0.371875 per share on paid-up Class B Preferred Shares Series 10, a dividend of $0.28125 per share on paid-up Class B Preferred Shares Series 13, a dividend of $0.328125 per share on paid-up Class B Preferred Shares Series 14, and an initial dividend of $0.57603 per share on paid-up Class B Preferred Shares Series 15 of BMO.

The dividend on the common shares is payable August 28, 2008 to shareholders of record on August 1, 2008. The dividends on the preferred shares are payable August 25, 2008 to shareholders of record on August 1, 2008.

The above mentioned dividends on the common and preferred shares are designated as “eligible” dividends for the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.

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