Mr. Aaron Sobeski reports

BMO LAUNCHES NEW CDRS WITH EXPOSURE TO U.S. STOCKS INCLUDING APOLLO GLOBAL MANAGEMENT, CONOCOPHILLIPS, NORTHROP GRUMMAN, HOME DEPOT AND VISTRA

Bank of Montreal has launched five new Canadian depositary receipts (CDRs) that will begin trading on the Cboe Canada exchange today. The initial offering of these new CDRs has closed.

BMO's new CDRs will trade under the tickers as shown in the attached table.

An investment in CDRs issued by BMO may not be suitable for all investors. Important information about these investment products is contained in the short form base shelf prospectus and prospectus supplement for each series of CDRs. Purchasers are directed to SEDAR+ or to the BMO GAM website to obtain copies of the prospectus and related disclosure before purchasing CDRs of a particular series. The information contained herein is not a recommendation to purchase these investment products.

Each series of CDRs relates to a single class of equity securities of an issuer incorporated outside of Canada. For each series of CDRs, the prospectus will provide additional information regarding such series, including information regarding the underlying issuer and underlying shares for such series. Neither BMO and its affiliates nor any other person involved in the distribution of CDRs accepts any responsibility for any disclosure provided by any underlying issuer (including information contained herein or in the prospectus that has been extracted from any underlying issuer's publicly disseminated disclosure). Each series of CDRs is only offered to investors in Canada in accordance with applicable laws and regulatory requirements.