News Releases

TORONTO, August 3, 2010 – BMO Investments Inc. announced today proposed changes to the BMO Equity Index Fund, BMO International Index Fund and BMO U.S. Equity Index Fund.

BMO Equity Index Fund
Subject to unitholder approval, the investment objectives of BMO Equity Index Fund will change to allow the fund to provide a return that is similar to the return of one or more exchange-traded funds that invest primarily in Canadian equities. The fund may invest all or a portion of its assets in one or more exchange-traded funds, invest directly in the underlying securities held by the exchange-traded funds and/or use derivatives to provide the fund with a return determined by reference to the exchange-traded funds. If the change to investment objectives is approved, the investment strategies for this fund will be revised to reflect the new objectives. In addition, the fund's name will change to "BMO Canadian Equity ETF Fund." A meeting of unitholders of this fund will be held on or about September 10, 2010.

BMO International Index Fund
Subject to unitholder approval, the investment objectives of BMO International Index Fund will change to allow the fund to provide a return that is similar to the return of one or more exchange-traded funds that invest primarily in international equities. The fund may invest all or a portion of its assets in one or more exchange-traded funds, invest directly in the underlying securities held by the exchange-traded funds and/or use derivatives to provide the fund with a return determined by reference to the exchange-traded funds. If the change to investment objectives is approved, the investment strategies for this fund will be revised to reflect the new objectives. In addition, the portfolio manager of the fund will change from State Street Global Advisors, Ltd. to BMO Asset Management Inc. and the fund's name will change to "BMO International ETF Fund." A meeting of unitholders of this fund will be held on or about September 10, 2010.

BMO U.S. Equity Index Fund
Subject to unitholder approval, the investment objectives of BMO U.S. Equity Index Fund will change to allow the fund to provide a return that is similar to the return of one or more exchange-traded funds that invest primarily in U.S. equities. The fund may invest all or a portion of its assets in one or more exchange-traded funds, invest directly in the underlying securities held by the exchange-traded funds and/or use derivatives to provide the fund with a return determined by reference to the exchange-traded funds. If the change to investment objectives is approved, the investment strategies for this fund will be revised to reflect the new objectives. In addition, the portfolio manager of the fund will change from Harris Investment Management, Inc. to BMO Asset Management Inc. and the fund's name will change to "BMO U.S. Equity ETF Fund." A meeting of unitholders of this fund will be held on or about September 10, 2010.

About BMO Investments Inc.

BMO Investments Inc. is a member of 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 of $254 billion as at April 30, 2010