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.

Frederic Tremblay, Montreal
(514) 877-1873
[email protected]

For Investor Relations Enquiries:
Jill Homenuk, Toronto
(416) 867-4770
[email protected]

Christine Viau, Toronto
(416) 867-6956
[email protected]
Internet: www.bmo.com