News Releases

TORONTO, ONTARIO--(Marketwire - Aug. 15, 2012) - BMO Asset Management Inc. (BMO Asset Management) announced today that a special meeting of unitholders (Special Meeting) has been called to consider and approve changes to the investment objectives of certain BMO Exchange Traded Funds (BMO ETFs) such that they will seek to replicate the performance of new indices as follows:

The Special Meeting will be held in Toronto at 10:00a.m. on September 13, 2012. Details of the proposed changes will be outlined in a joint management information circular, which will be prepared and delivered to unitholders of record as of August 15, 2012. Implementation of the changes will also be subject to acceptance by the Toronto Stock Exchange.

The BMO ETFs are managed and administered by BMO Asset Management, a portfolio manager, investment fund manager and a separate legal entity from Bank of Montreal. Further information about BMO ETFs can be found at www.bmo.com/etfs.

Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

"S&P®", "S&P 500®" and "S&P/TSX Capped Composite™" are trademarks of Standard & Poor's Financial Services LLC; "TSX" is a trademark of TSX, Inc.; "Dow Jones®", "Brookfield" and "Dow Jones Brookfield Global Select Infrastructure North American Listed Index" are trademarks and/or service marks of Dow Jones Trademark Holdings LLC and/or Brookfield Asset Management Inc., as the case may be; and "BNY Mellon" is a service mark of The Bank of New York Mellon. These and other associated trademarks and/or service marks have been licensed for use by BMO Asset Management. None of the BMO ETFs are sponsored, endorsed, sold or promoted by any of the aforementioned trademark owners and the related index providers (including S&P Dow Jones Indices LLC), or their respective affiliates or their third party licensors, and these entities make no representation, warranty or condition regarding the advisability of buying, selling or holding units in the BMO ETFs.

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 $526 billion as at April 30, 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.