News Releases

• "Profit & Loss" Magazine induction latest in a string of awards to recognize BMO Capital Markets for global leadership in foreign exchange
• Jamie Thorsen is just one of a handful of women overseeing FX at a global level

CHICAGO and TORONTO, June 8, 2010 - Profit & Loss Magazine has named Jamie Thorsen, Global Head of BMO Capital Markets' Foreign Exchange Group, to the publication's 2010 Hall of Fame.

Ms. Thorsen was presented with an induction award at a gala dinner held in New York City last week. The Hall of Fame was established by the magazine's editorial staff in 2009 to honour individuals who have made significant contributions to the growth and success of the foreign exchange industry.

"We congratulate Jamie for her outstanding accomplishments and influence in the FX market," said Julie Ros, Publisher of Profit & Loss Magazine. "Jamie and the other five industry professionals honoured in this year's Profit & Loss Hall of Fame have long been industry leaders who have garnered tremendous respect from peers and colleagues."

This latest accolade comes on the heels of very significant awards for BMO's Foreign Exchange Products team:

• Last month, BMO Capital Markets won two prestigious awards in the Euromoney FX survey for "Most Improved Overall Market Share" and "Most Improved Market Share by Size: Over US$250 billion"
• For the third year in a row, BMO Capital Markets was named one of China's "Most Popular Market Makers" and "Best Non-USD Market Maker" by the China Foreign Exchange Trade System (CFETS)
• In November, BMO Capital Markets was voted "Best Bank for the Canadian Dollar" in FX Week's annual client survey

"Congratulations to Jamie and BMO's entire FX team for such well deserved recognition," said Eric Tripp, President, BMO Capital Markets. "These awards demonstrate BMO Capital Markets' strength and capabilities in the marketplace, and our ability to deliver the financial solutions that enable our clients to fulfill their ambitions."

About Jamie Thorsen

Jamie Thorsen is Global Head of Foreign Exchange Products and China Capital Markets, BMO Capital Markets. She is one of the longest standing members of both the Federal Reserve Bank of New York's FX Committee and the Bank of Canada's FX Committee. Ms. Thorsen began her career at BMO in 1977 in Chicago, where she was selected by Harris Bank, BMO's U.S. retail banking arm, to join its management training program. By 1984, Ms. Thorsen was overseeing FX sales and trading for Harris. In 1994, a decade after Harris was acquired by BMO, an integration of the FX operations under the BMO umbrella created one of the five largest FX operations in the United States. By 1996, Ms. Thorsen was appointed Senior Vice-President and Global Head of FX Trading and Sales. She was charged with fully merging the FX operations under the BMO name. At the time, she was one of just a handful of women overseeing FX at a global level and she remains the only female global FX head in the industry today. In 2006, Ms. Thorsen was given responsibility for the capital markets operations of BMO Capital Markets in China in addition to her global FX mandate. In this dual role, she manages 85 professionals in Chicago, New York, Toronto, Montreal, London, Beijing, Guangzhou and Shanghai.

About BMO's Global Foreign Exchange Group

BMO Capital Markets' Foreign Exchange Group holds a dominant position in the Canadian-dollar foreign exchange market and is top-ranked by large hedge funds and pension funds for institutional liquidity and pricing capacity. For more information, visit: www.bmocm.com/products/marketrisk/fx/

About BMO Capital Markets

BMO Capital Markets, the investment & corporate banking arm of BMO Financial Group (NYSE, TSX: BMO), is a leading, full-service North American financial services provider, with more than 2,200 employees operating in 15 North American offices and 27 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 one of the largest diversified financial services providers in North America with US$384 billion total assets and 37,000 employees as at April 30, 2010.

About Profit & Loss Magazine

Profit & Loss is a monthly business magazine launched in July 1999 specializing in foreign exchange and derivative markets. Each month, Profit & Loss looks at the changes taking place in the industry, the strategic shifts into new markets and products and the technological advances that are changing the way the FX and derivatives markets function. The magazines publisher is P&L Services a privately held publishing company based in London. P&L specializes in financial markets business and technology information and, in addition to Profit & Loss Magazine, has a number of unique products that service the information and analysis requirements of market participants. For more information, visit:

www.profit-loss.com