$5 Billion Bank of Montreal MTN Program

Bank of Montreal has established a $5 billion medium term note program. In conjunction therewith, on March 28, 2008, Bank of Montreal issued $900 million of 6.17 per cent Series F medium term notes, due March 28, 2023. BMO Capital Markets led the agent syndicate, which included CIBC World Markets, Desjardins Securities Inc., HSBC Securities (Canada) Inc., Laurentian Bank Securities Inc., Merrill Lynch Canada Inc., National Bank Financial Inc., RBC Capital Markets, Scotia Capital Inc. and TD Securities Inc.

Bank of Montreal was advised by Rick Fullerton, Kashif Zaman and Rachel Halperin (corporate) and Julie Colden (tax) of Osler, Hoskin & Harcourt LLP.

The agents were advised by Andrew Parker and Matthew Appleby (business law), together with Barry Ryan, as well as Gabrielle M. Richards (tax) of McCarthy T├ętrault LLP.