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      2.99 Per Cent Mortgage Offers: What a Difference a Year can Make

      - BMO's five-year fixed rate provides a shield against rising rates for a longer period of time

      - BMO's shorter 25-year amortization reduces the mortgage balance faster

      - 2.99 per cent rate minimizes the cost of homeownership over time

      - BMO invites new and existing customers to enjoy the benefits of this offer

      - Get pre-approved at BMO by March 28 and take three months to find the right home within your budget

      TORONTO, ONTARIO--(Marketwire - March 9, 2012) - BMO Bank of Montreal today urged Canadians to consider the benefits of locking in for a longer period of time and reinforced the value of choosing a 25 year amortization.

      "BMO's award-winning low-rate mortgage, which is offered at 2.99 per cent until March 28, gives your family a five-year shield against rising interest rates," said Katie Archdekin, Head of Mortgage Products, BMO Bank of Montreal. "Some banks are providing only four years of protection. With BMO's low-rate mortgage, which comes with a maximum amortization of 25 years, Canadians can pay less in total interest, throw a mortgage burning party five years sooner than their friends, and secure a debt-free retirement."

      According to Sal Guatieri, Senior Economist, BMO Capital Markets, interest rates are expected to begin rising next year.

      Ms. Archdekin added, "If you want to lock in for a full 10 years, you can do so at 3.99 per cent by choosing our newest low-rate mortgage, which also comes with a maximum amortization of 25 years."

      About BMO Financial Group

      Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $538 billion as at January 31, 2012, and more than 47,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.

      For further information:
      Media Contacts:
      Matthew Duffin, Toronto
      (416) 867-3996
      matthew.duffin@bmo.com

      Sarah Bensadoun, Montreal
      (514) 877-8224
      sarah.bensadoun@bmo.com

      Laurie Grant, Vancouver
      (604) 665-7596
      laurie.grant@bmo.com

      Web: www.bmo.com
      Twitter: @BMOmedia