BMO Asset Management Announces Filing of Preliminary Prospectus for BMO Exchange Traded Funds
TORONTO,
      February 12, 2009 – BMO Asset Management today announced
      that a preliminary prospectus has been filed with the securities regulatory
      authorities in Canada with respect to seven new BMO exchange traded funds
      (ETFs), including the BMO Global Infrastructure ETF.
      The BMO ETFs are
      as follows:
      
        - BMO Canadian
        Government Bond ETF
 
        -  BMO Canadian Equity ETF
 
        -  BMO US Equity ETF
 
        -  BMO International Equity ETF
 
        -  BMO Emerging Markets Equity ETF 
 
        -  BMO Global Infrastructure ETF
 
        -  BMO Dow Jones Industrial Average ETF
 
      
      Jones Heward Investment Counsel Inc. (Jones Heward), an operating company
        within BMO Asset Management, will be the manager of the BMO ETFs.
      
        - The BMO
            Canadian Government Bond ETF has been designed to replicate, to the
            extent possible, the performance of the Citigroup Canadian Government
            Bond Index.         
 
        -  The BMO
              Canadian Equity ETF has been designed to replicate, to the extent possible,
            the performance of the Dow Jones Canada Index.
 
        - The BMO
              US Equity ETF has been designed to replicate, to the extent possible,
              the
                  performance of the Dow Jones U.S. Market
            Index.
 
        - The BMO
              International Equity ETF has been designed to replicate, to the
              extent possible,
                    the performance of the Dow Jones World Developed
            ex-U.S. Index.
 
        - The BMO
              Emerging Markets Equity ETF has been designed to replicate, to
              the extent
                      possible, the performance of the Dow Jones
            World Emerging Markets Index.
 
        - The BMO
              Global Infrastructure ETF has been designed to replicate, to the
              extent
                        possible, the performance of the Dow Jones Brookfield
            Global Infrastructure Index.         
 
        - The BMO
              Dow Jones Industrial Average ETF has been designed to replicate,
              to the extent
                          possible, the performance of the Dow
        Jones Industrial Average.
 
      
      
      A preliminary prospectus containing important information relating to
                    these securities has been filed with securities commissions or similar
                    authorities in all provinces and territories of Canada. The preliminary
                    prospectus is still subject to completion or amendment. Copies of the
                    preliminary prospectus may be obtained from your financial advisor
                    or from Jones Heward at www.bmo.com/etfs. There will not be any sale
                    or any acceptance of an offer to buy the securities until a receipt
            for the final prospectus has been issued. 
      
                About BMO Asset Management
      BMO Asset Management
          ("BMO AM")
          is the umbrella structure for BMO Financial Group's institutional investment
          management companies:
        Jones Heward Investment Counsel Inc., Harris Investment Management, Inc.,
        HIM Monegy, Inc. and Pyrford International Ltd. As a group, BMO AM has
        $41.8 billion in assets under management (October 31, 2008). 
      About Jones Heward
      Jones Heward Investment Counsel Inc. is a Canadian investment manager
        and has over $29.7 billion in total assets under management as at October
        31, 2008. Its clients include pensions, endowments, trusts, insurance
        company reserves, corporations and mutual funds. Jones Heward is an indirect,
      wholly-owned, subsidiary of Bank of Montreal.
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