BMO Bank of Montreal Reduces Home Equity Lending Rates

    TORONTO, Oct. 10 /CNW/ - BMO Bank of Montreal announced today that it is
decreasing the rates on the following products by 0.25% to 5.25% effective
October 14, 2008:

    -   Homeowner and Small Business Homeowner Readiline Variable rate
        Instalment portions
    -   Homeowner and Small Business Homeowner Readiline Revolving

    The change in rate only affects new and renewal applications.

For further information:

For further information: Media Relations Contacts: Jodi Salem, Toronto,, (416) 867-3996; Lucie Gosselin, Montreal,, (514) 877-1101; Laurie Grant, Vancouver,, (604) 665-7596

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