BMO Financial Group Announces Chief Financial and Administrative Officer Karen Maidment Will Be Away For a Period of Time Due to Health Reasons; Tom Flynn Will Serve as Acting Chief Financial Officer



    TORONTO, Oct. 26 /CNW/ - Bill Downe, President and Chief Executive
Officer, BMO Financial Group, today made the following statement with regard
to the Company's Chief Financial and Administrative Officer, Karen Maidment:
    "Karen Maidment, our Chief Financial and Administrative Officer, will be
away for a period of time due to health reasons. Karen has been diagnosed with
lymphoma and her treatment has begun.
    "We are all thinking of Karen and will support her in every way we can.
In the meantime, I have decided that Tom Flynn, who is currently Executive
Vice-President, Finance and Treasurer, will also become Acting Chief Financial
Officer. Tom has clearly demonstrated that he has the capabilities needed to
take on this important mandate and is a central part of our succession plans.
He will report directly to me.
    "With this interim appointment and the teams that are in place, the high
standards set by Karen will be maintained seamlessly. Karen will make herself
available throughout this period for consultation.
    "On behalf of my management team and every one of her BMO colleagues, we
wish Karen all the best for a speedy recovery and we look forward to her
return."





For further information:

For further information: For Media Relations enquiries: Andy Plews,
Toronto, andy.plews@bmo.com, (416) 867-5900; Ralph Marranca, Toronto,
ralph.marranca@bmo.com, (416) 867-3996; Ronald Monet, Montreal,
ronald.monet@bmo.com, (514) 877-1873; For Investor Relations enquiries: Viki
Lazaris, Toronto, viki.lazaris@bmo.com, (416) 867-6656; Steven Bonin, Toronto,
steven.bonin@bmo.com, (416) 867-5452; Internet: www.bmo.com


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