Ms. Sara Petrcich reports

BMO LAUNCHES CANADA'S FIRST SINGLE STOCK AUTOCALLABLE INCOME ETFS

BMO Asset Management Inc., the manager of the BMO ETFs, today launched BMO Autocallable Income Nvidia (NVDA) ETF -- Series 1 (Cboe Canada: NVIA), BMO Autocallable Income Palantir (PLTR) ETF -- Series 1 (Cboe Canada: PLTA) and BMO Autocallable Income Tesla (TSLA) ETF -- Series 1 (Cboe Canada: TESA), each offering Canadian-dollar units. Collectively, the units of the BMO ETFs are referred to as the units.

"With these new single-stock autocallable income ETFs, investors can gain exposure to companies that have captured significant market attention through a structure designed to provide the potential for monthly cash flow and moderate downside protection," said Sara Petrcich, head of ETFs (exchange-traded funds) and alternatives, BMO Global Asset Management. "As investor needs evolve, BMO is committed to delivering innovative solutions that expand choice and support a range of investment goals."

Each of the BMO ETFs has closed its initial offering of units and will be listed and trading on Cboe Canada today.

Investment objectives

BMO Autocallable Income Nvidia (NVDA) ETF -- Series 1 (NVIA)

The objective of NVIA is to provide investors with the opportunity for income, for a limited period ending on a scheduled maturity date approximately 3.5 years after Oct. 28, 2026, or an earlier date, by obtaining investment exposure to the shares of common stock of Nvidia Corp. listed on Nasdaq with the trading symbol NVDA including through the use of derivatives transactions while mitigating some of the downside risk associated with an investment in such shares.

BMO Autocallable Income Palantir (PLTR) ETF -- Series 1 (PLTA)

The objective of PLTA is to provide investors with the opportunity for income, for a limited period ending on a scheduled maturity date approximately 3.5 years after Oct. 28, 2026, or an earlier date, by obtaining investment exposure to the shares of Class A common stock of Palantir Technologies Inc. listed on Nasdaq with the trading symbol PLTR including through the use of derivatives transactions while mitigating some of the downside risk associated with an investment in such shares.

BMO Autocallable Income Tesla (TSLA) ETF -- Series 1 (TESA)

The objective of TESA is to provide investors with the opportunity for income, for a limited period ending on a scheduled maturity date approximately 3.5 years after Oct. 28, 2026, or an earlier date, by obtaining investment exposure to the shares of common stock of Tesla Inc. listed on Nasdaq with the trading symbol TSLA including through the use of derivatives transactions while mitigating some of the downside risk associated with an investment in such shares.

Additional information regarding Nvidia, Palantir and Tesla (each a specified public issuer) and the related reference shares is available electronically through the continuous disclosure documents filed by the Specified Public Issuers on the SEC's Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). Except as otherwise noted herein, information included in this prospectus regarding each of the specified public issuers was derived from the specified public issuers' continuous disclosure documents filed on EDGAR. More comprehensive financial and other information regarding each specified public issuer is contained in such reports and other documents of the specified public issuers available on EDGAR, and the disclosure contained in this prospectus is qualified by reference to such reports and other documents and the financial information and notes contained therein.

It is strongly urged to review these documents as well as other published third party analyst and news reports before investing in units of the BMO ETFs. The BMO ETFs have had no access to any information about the specified public issuers other than the information contained in the specified public issuers' continuous disclosure documents and any other publicly available information about the specified public issuers. Further, the manager has not had an opportunity to verify the accuracy or completeness of any information contained in the specified public issuers' continuous disclosure documents or such other publicly available information to determine if any such materials contain a misrepresentation, as defined in applicable securities laws. The performance of each of the BMO ETFs is derived from the value of reference shares to which it has investment exposure, and investors and their financial advisers need to form a view of the merits of such exposure to the reference shares of the applicable specified public issuer before investing in units of the applicable BMO ETF.

The units of the BMO ETFs are not fixed income securities or linked notes and are not designed to be alternatives to fixed income or money market instruments. The BMO ETFs invest in autocallable transactions which are derivatives that expose investors to downside risk. An investment in units of a BMO ETF will not be equivalent to a direct investment in the reference shares of such BMO ETF. The return from an investment in a BMO ETF may be significantly different from the return associated with an investment in the reference shares, and the BMO ETF is subject to different risks than would result from a direct investment in the reference shares.

About Bank of Montreal

BMO Financial Group is the eighth-largest bank in North America by assets, with total assets of $1.5-trillion as of July 31, 2026. Serving clients for more than 200 years, BMO provides a broad range of personal and commercial banking, wealth management, global markets, and investment banking products and services across Canada, the United States and select markets globally. BMO is innovating for business value, by deploying and integrating human, digital, and artificial intelligence to personalize client experiences, augment teams and automate its business responsibly. Driven by its purpose, to boldly grow the good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future and stronger communities.