BMO Financial Group Receives Award of Excellence in Financial Reporting

    Recognized by the Canadian Institute of Chartered Accountants

    TORONTO, Dec. 5 /CNW/ - BMO Financial Group received the Award of
Excellence in Financial Reporting, at the Canadian Institute of Chartered
Accountants' Corporate Reporting Awards luncheon today.
    The Award of Excellence in Financial Reporting goes to the best Annual
Report among all contestants, regardless of industry sector.
    "We place a high value on our stakeholders - especially our shareholders
and customers - being able to understand our operations, goals, values and
financial performance," said Tom Flynn, Executive Vice-President, Finance and
Treasurer, and Acting Chief Financial Officer, BMO Financial Group. "We take
pride in the recognition our approach to financial disclosure has received."
    The Corporate Reporting Awards recognize excellence in financial and
corporate reporting in Canada.

    BMO is a recognized leader for its financial disclosure and corporate
governance. This is the 14th time in 15 years that BMO has received an award
from the CICA recognizing its corporate reporting.

For further information:

For further information: Media Relations: Ralph Marranca, Toronto,, (416) 867-3996; Ronald Monet, Montreal,, (514) 877-1101; Investor Relations: Viki Lazaris,
Toronto,, (416) 867-6656; Steven Bonin, Toronto,, (416) 867-5452; Krista White, Toronto,, (416) 867-7019; Internet:

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