News Releases

- A third have too many activities and too little time in which to do them

- One in three say that retirement is more expensive than they expected

- Tip to younger Canadians: start saving as much as possible from an early age to realize ideal retirement lifestyle

- Grand prize won by three BMO Ultimate Fans - one each from the Western Hockey League (WHL), the Ontario Hockey League (OHL) and the Quebec Major Junior Hockey League (QMJHL), as part of BMO Ultimate Fan Appreciation Night Series

Financial Results Highlights:

First Quarter 2013 Compared with First Quarter 2012:

- Net income of $1,048 million, down 5%; adjusted net income(1) of $1,041 million, up 7%

- EPS(2) of $1.53, down 6%; adjusted EPS(1), (2) of $1.52, up 7%

- ROE of 14.9%, compared with 17.2%; adjusted ROE(1) of 14.8%, compared with 15.0%

- Provisions for credit losses of $178 million, compared with $141 million; adjusted provisions for credit losses(1) of $96 million, compared with $91 million

- Basel III Common Equity Ratio is strong at 9.4%

- Dividend Increased by $0.02 or 3% to $0.74 per Common Share

Announced as part of Global Finance's World's Best Investment Banks 2013 Awards