Bank of Montreal to Redeem Class B Preferred Shares Series 6

TORONTO, Sep. 19, 2008 (Canada NewsWire via COMTEX) -- BMO | Quote | Chart | News | PowerRating -- Bank of Montreal today announced that on November 25, 2008, it will redeem all of its Non-Cumulative Class B Preferred Shares Series 6. The redemption price, as provided for in the terms of the issue, is $25.00 per share.

Separately from the redemption price, the final quarterly dividend of $0.296875 per share for the Series 6 shares will be paid in the usual manner on November 25, 2008 to shareholders of record on October 31, 2008.

Formal notice will be issued to shareholders in accordance with the share conditions. The redemption of the Series 6 shares is part of the Bank's ongoing management of its Tier 1 capital.

SOURCE: BMO Bank of Montreal

SOURCE: BMO Financial Group

Media Relations: Ralph Marranca, Toronto, ralph.marranca@bmo.com, (416) 867-3996; Ronald Monet, Montreal, ronald.monet@bmo.com, (514) 877-1101; Investor Relations: Steven Bonin, Director, steven.bonin@bmo.com, (416) 867-5452; Krista White, Senior Manager, krista.white@bmo.com, (416) 867-7019; Internet: www.bmo.com

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