BMO Financial Group Announces Estimated Reinvested Distributions for BMO
Exchange Traded Funds (ETFs)

TORONTO , Dec. 30 /CNW/ - BMO Financial Group announces today the final 2009 tax year annual reinvested distributions for BMO Exchange Traded Funds (ETFs)*. These annual reinvested distributions generally represent realized capital gains within the ETFs or special dividends received by the ETFs. The reinvested distributions will be reported as taxable distributions and will be used to increase an investor's adjusted cost basis of the ETF. These estimated reinvested distributions do not include the fourth quarter cash distributions which are reported separately.

Unitholders of record on December 30, 2009 will receive the 2009 annual reinvested distributions. The actual taxable amounts of reinvested and cash distributions for 2009, including the tax characteristics of these distributions, will be reported early in 2010.

Details of the estimated "per unit" reinvested distribution amounts are as follows:

    
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                                                                  Estimated
                                                                 Reinvested
    BMO Exchange Traded Fund                        Ticker      Distribution
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    BMO Canadian Government Bond Index ETF           ZGB              -
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    BMO Dow Jones Canada Titans 60 Index ETF         ZCN              -
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    BMO US Equity Hedged to CAD Index ETF            ZUE          0.472691
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    BMO Dow Jones Industrial Average Hedged to
     CAD Index ETF                                   ZDJ          0.487350
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    BMO Short Federal Bond Index ETF                 ZFS              -
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    BMO Short Provincial Bond Index ETF              ZPS          0.008867
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    BMO Short Corporate Bond Index ETF               ZCS          0.003950
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    BMO High Yield US Corporate Bond Hedged to
     CAD ETF                                         ZHY          0.042626
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    BMO S&P/TSX Equal Weight Banks Index ETF         ZEB              -
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    BMO S&P/TSX Equal Weight Oil & Gas Index ETF     ZEO              -
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    BMO International Equity Hedged to CAD
     Index ETF                                       ZDM              -
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    BMO Emerging Markets Equity Index ETF            ZEM              -
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    BMO S&P/TSX Equal Weight Global Base Metals
     Hedged to CAD Index ETF                         ZMT              -
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BMO ETF Products (www.bmo.com/etfs)

*BMO ETFs are managed and administered by Jones Heward Investment Counsel Inc., a wholly-owned indirect subsidiary of Bank of Montreal .

About BMO Financial Group

Established in 1817 as Bank of Montreal , BMO Financial Group is a highly diversified North American financial services organization. With total assets of $388 billion as at October 31, 2009 , and more than 36,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and solutions.

"Dow Jones," "Dow Jones Industrial Average", "Dow Jones Canada Titans 60", "DIAMONDS" and "Titans" are service marks of Dow Jones & Company, Inc. and have been licensed for use for certain purposes. The BMO ETFs based on Dow Jones' indexes are not sponsored, endorsed, sold or promoted by Dow Jones, and Dow Jones makes no representation regarding the advisability of trading in such ETFs.

Standard & Poor's(R) and S&P(R) are registered trademarks of Standard & Poor's Financial Services LLC ("S&P") and "TSX" is a trademark of Toronto Stock Exchange. These trademarks have been licensed for use by BMO. The BMO ETF is not sponsored, endorsed, sold or promoted by S&P or Toronto Stock Exchange, and S&P and Toronto Stock Exchange make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in the BMO ETF.

For further information: Media Contacts: Nini Krishnappa, Toronto, [email protected], [phone]; Internet: www.bmo.com