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    Bank of Montreal Announces Increase to Preferred Share Issue

    TORONTO, ONTARIO--(Marketwired - Oct. 13, 2016) -

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

    Bank of Montreal (TSX:BMO)(NYSE:BMO) today announced that as a result of strong investor demand for its previously announced domestic public offering of $350 million of Non-Cumulative 5-Year Rate Reset Class B Preferred Shares Series 38 (Non-Viability Contingent Capital (NVCC)), the size of the offering has been increased to $600 million. As announced earlier today, the revised offering will be underwritten on a bought-deal basis by a syndicate led by BMO Capital Markets.

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

    Frederic Tremblay, Montreal
    (514) 877-1873
    frederic1.tremblay@bmo.com

    For Investor Relations Enquiries:
    Jill Homenuk, Toronto
    (416) 867-4770
    jill.homenuk@bmo.com

    Christine Viau, Toronto
    (416) 867-6956
    christine.viau@bmo.com
    Internet: www.bmo.com