News Releases

TORONTO, ONTARIO--(Marketwired - Dec. 6, 2013) - BMO Asset Management Inc. ("BMO AM") today announced that, effective December 31, 2013, BMO 2013 Corporate Bond Target Maturity ETF ("ZXA") will continue its operations as an exchange traded short-term bond fund as originally provided for in its prospectus. This will enable investors to continue to hold their existing units as well as providing the opportunity for investors to purchase and sell units at their discretion instead of at a set termination date.

In connection with continuing ZXA past its target maturity date, BMO AM would like to notify unitholders of the following changes (collectively, the "ZXA Changes"):

• The name of ZXA will change to BMO Ultra Short-Term Bond ETF;
• The ticker symbol will change to ZST;
• The portfolio holdings of ZST will focus on Canadian government and corporate bonds with a term of one year or fewer;
• The portfolio holdings of ZST may also include high yield bonds with a term of one year or fewer, and floating rate investments and preferred shares with less than a year to reset;
• The management fee will be reduced from 19 bps to 15 bps; and
• The units of ZXA will be consolidated on a one for four basis, which is expected to reduce trading costs.

"The ZXA Changes will give investors a valuable portfolio tool to manage cash and short dated fixed income," said Kevin Gopaul, Senior Vice President and Chief Investment Officer, BMO AM. "The multiple asset classes within BMO Ultra Short-Term Bond ETF are expected to enhance the overall yield. This diversification across asset classes brings meaningful innovation to short term ETFs by improving yield without concentrating risks. Additionally, the unit consolidation should make ZST even more appealing by making it more cost efficient to trade."

The ZXA Changes will be effective on or about December 31, 2013. Units will begin trading on the Toronto Stock Exchange, under the new ticker symbol and on a consolidated basis, on or about January 3, 2014.

Further information about ZXA can be found at www.bmo.com/etfs.

The BMO exchange traded funds are managed and administered by BMO AM, an investment fund manager and portfolio manager and a separate legal entity from Bank of Montreal.

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.

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 $537 billion as at October 31, 2013, and more than 45,000 employees, BMO Financial Group provides a broad range of personal and commercial banking, wealth management and investment banking products and solutions.