BMO Capital Markets Equity Research Announces New Hires, Expanding in the Consumer and Metals & Mining Sectors
NEW YORK & TORONTO,       May 1, 2009 – BMO Capital Markets, the investment and corporate       banking arm of BMO Financial Group (NYSE, TSX: BMO), has hired John D.       Morris as a Senior Equity Analyst on the firm's Consumer Equity Research       team and Andrew Kaip as a Senior Equity Analyst on its Metals & Mining       Equity Research team. 
“Our expansion in both Consumer and Metals & Mining underscores         our commitment to our well-established strategy of providing our clients         with relevant and actionable investment ideas from smart analysts like         John Morris and Andrew Kaip,” said Jack Blackstock, Co-Head of         Equity Research, BMO Capital Markets. 
Paul Campbell, Co-Head, Equity           Research, BMO Capital Markets added, “Both         Mr. Morris and Mr. Kaip contribute to BMO's research strength through         the great value of their experience, with John as a respected Wall Street         veteran and industry expert and Andrew as an established geologist and         insightful analyst.”
John D. Morris
Based in New York, John will           follow Retail Apparel companies as part of the firm's Consumer coverage. John returns to BMO from Wachovia         Securities, where he led the firm's apparel retail efforts since         2006. Prior to that, John was the senior retail apparel analyst for BMO         Capital Markets and its predecessor firm Gerard Klauer Mattison.
With more than 15 years of           experience covering the specialty apparel sector of the retail industry,           John has been highly ranked in numerous         analyst surveys, including The Wall Street Journal's “Best         on The Street” on three separate occasions. During his earlier         tenure at BMO Capital Markets, John created a proprietary research product         named the Sale Rack Index, which tracks promotional trends among apparel         retailers and uses focus groups to conduct research with consumers. John         will continue this approach as part of his forthcoming research. John         earned his BA from Stanford University and his MBA from the Amos Tuck         School at Dartmouth College. 
Andrew Kaip
Based in Toronto, Andrew Kaip           joins the BMO Capital Markets Global Metals & Mining         Equity Research team of ten analysts, collectively targeting coverage         of more than 120 public companies. For the past five years, Andrew worked         as a mining analyst at Haywood Securities, most recently covering gold         and silver junior exploration and mining companies. Prior to that, he         served as a project and consulting geologist for more than 10 years.         Andrew received his B. S. In Geology from Carleton University and his         M. S. in Economic Geology from the University of British Columbia and         is a Professional Geologist. 
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 offering equity and debt underwriting, corporate lending         and project financing, merger and acquisitions advisory services, merchant         banking, securitization, treasury management, market risk management,         debt and equity research and institutional sales and trading. BMO Capital         Markets has offices in 26 locations around the world, including 14 in         North America.
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         US$361 billion total assets and 37,000 employees as at January 31, 2009.
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