S&P Dow Jones Indices Canadian index operations have made index changes as a result of the quarterly S&P/TSX Preferred Share Index and S&P/TSX Preferred Share Laddered Index reviews. The changes will be effective at the open on Monday, July 21, 2014.

                                    S&P/TSX PREFERRED SHARE INDEX ADDITION
Symbol       Issue name                                                                          Cusip

BMO.PR.S     Bank of Montreal, 4.0 per cent, Class B, preferred, Series 27                       063679 40 1
BMO.PR.T     Bank of Montreal, 3.90 per cent, Class B, preferred, Series 29                      063679 60 9

                                    S&P/TSX PREFERRED SHARE INDEX DELETION
Symbol       Issue name                                                                          Cusip

BMO.PR.K     Bank of Montreal, 5.25 per cent, Class B, preferred, Series 14                      063671 14 3

                                    S&P/TSX PREFERRED SHARE LADDERED INDEX ADDITION
Symbol       Issue name                                                                          Cusip

BMO.PR.S     Bank of Montreal, 4.0 per cent, Class B, preferred, Series 27                       063679 40 1
BMO.PR.T     Bank of Montreal, 3.90 per cent, Class B, preferred, Series 29                      063679 60 9