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    Bank of Montreal Announces Changes to Diversified Trust

    TORONTO, ONTARIO--(Marketwire - March 21, 2012) - Bank of Montreal (the "Bank") today announced that Diversified Trust, a Bank securitization vehicle, no longer intends to issue asset-backed commercial paper ("ABCP") maturing past June 15, 2012. The Bank's on-going funding through Summit Trust, another Bank securitization vehicle, and its commitment to the multi-seller ABCP Trusts, administered by BMO Nesbitt Burns Inc., are unaffected by today's announcement.

    For further information:
    For News Media Enquiries:
    Ralph Marranca, Toronto
    (416) 867-3996
    ralph.marranca@bmo.com

    Ronald Monet, Montreal
    (514) 877-1873
    ronald.monet@bmo.com

    For Investor Relations Enquiries:
    Michael Chase, Toronto
    (416) 867-5452
    michael.chase@bmo.com

    Andrew Chin, Toronto
    (416) 867-7019
    andrew.chin@bmo.com
    www.bmo.com