News Releases

TORONTO, September 14, 2009 – BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group (TSX, NYSE: BMO), will hold its tenth annual Media & Telecom Conference on September 15th, in Toronto.

The conference will feature presentations from senior management from leading Media and Telecom companies and will provide an in-depth look at the sector's current challenges and future opportunities.

This one-day conference will be moderated by BMO Capital Markets' top-ranked* Equity Research Team, including Tim Casey (Media), Peter Rhamey (Telecom) and Jeffrey Logsdon (Entertainment / Gaming).

Presentations are expected to focus on the following key themes:

MEDIA INDUSTRY

• How are Canadian media companies positioned to participate in an economic recovery?
• Which sub-sectors are best positioned going forward?
• As more people utilize online media, who are the winners and losers in Canada?
• How does this cycle compare to previous cycles?
• What is the outlook for consolidation within the sector?

CABLE INDUSTRY

• How will domestic cable operators continue to grow their business despite growing threats from telephone companies and online services?
• How will cable companies manage their networks given the growth in bandwidth hungry HD channels and Internet usage?
• Where does wireless fit into the business mix?

TELECOM / WIRELESS INDUSTRY

• What are the opportunities in wireless as carriers begin offering broadband data services on 3G networks?
• With new entrants launching services, what are the implications for pricing and the existing carriers?
• To what extent will wireless begin substituting for wireline local services as it has in the U.S.?
• With the legacy wireline telecom business declining, how can Internet and video offset the decline and what are the implications for profits?
• With the telecom market getting increasingly competitive, what are the opportunities for consolidation?

* 2008 Brendan Wood International Survey

** Company presenters include:

** the list is subject to change.

A complete conference agenda is also available by visiting the website. Presentations will be broadcast live and archived at: http://www.bmocm.com/conferences/2009MediaTelecom

CONFERENCE CALL FOR MEDIA

Following the event, a conference call for members of the media only will be held at 4:30 p.m. (EDT) on Tuesday, September 15th. The call will be hosted by Tim Casey and Peter Rhamey. They will review highlights of the conference and take questions. Members of the media are asked to call the following numbers to access the conference call:

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 (TSX, NYSE: BMO), one of the largest diversified financial services providers in North America with US$385 billion total assets and 37,000 employees as at July 31, 2009.