News Releases

TORONTO, November 24, 2008 – BMO LifeStage Plus Funds are products designed to protect customers' investments, provided customers remain invested in the fund until its target end date.

In order to deliver this principal protection given recent market events, BMO LifeStage Plus 2020 Fund, including the BMO Guardian LifeStage Plus 2020 Fund Advisor Series, changed its portfolio allocation from an “income” to a “protected” asset mix on November 20, 2008. The management fee for this fund has also been reduced to 1.05%, plus expenses. The portfolio will now consist entirely of fixed income investments (including provincial and corporate bonds) and cash equivalents until its target end date.

In keeping with the Fund's investment strategies, this reallocation to a fixed income portfolio is intended to ensure that the Fund has sufficient assets at maturity to pay investors the Guaranteed Maturity Amount^�. Unitholders are currently entitled to receive $10.1859 at maturity. Given the shift to a protected portfolio, BMO LifeStage Plus 2020 Fund will be closed to all new purchases effective November 25, 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 $286 billion as at July 31, 2008.

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