Mr. Aaron Sobeski reports

BMO ASSET MANAGEMENT INC. ANNOUNCES UNIT SPLITS FOR BMO EQUAL WEIGHT GLOBAL GOLD INDEX ETF AND BMO JUNIOR GOLD INDEX ETF

BMO Asset Management Inc. intends to split the units of certain BMO exchange-traded funds which are listed and trading on the Toronto Stock Exchange.

Each unit split will be payable on Aug. 7, 2026, to unitholders of record of the applicable BMO ETF on Aug. 5, 2026. The units of each BMO ETF will trade on a due bill basis, as described below, from the opening of the TSX on Aug. 5, 2026, until the close of the TSX on Aug. 7, 2026, inclusive. Each affected BMO ETF will begin trading on the TSX on a split-adjusted basis on Aug. 10, 2026.

The split ratio shown in the table below indicates the number of units that a unitholder of the affected BMO ETF will hold after the split in relation to the number of units of such BMO ETF held by the unitholder before the split.

Unitholders of each of the series of units listed in the table above will receive nine additional units of the applicable series of units of the BMO ETF for every unit of the BMO ETF they own on that date.

Unit splits increase the number of outstanding units of each affected BMO ETF while simultaneously lowering the unit price. When a unit split occurs, the net asset value per unit is decreased by the split ratio, resulting in no impact to the market value of an investor's unit position. An investor's cost per unit is also decreased by the same split ratio although the total cost amount remains unchanged. The unit split is not a taxable event.

The due bill trading procedures of the TSX will apply to each BMO ETF's split of its units. A due bill is an entitlement attached to listed securities undergoing a corporate action, such as a unit split. Any trades executed on the TSX during the due bill period will be identified to ensure purchasers of the units of the applicable BMO ETF receive the entitlement to the applicable unit split. The due bill redemption date is expected to be Aug. 10, 2026.

Investor information

Unitholders of the BMO ETFs do not need to take any action to effect these transactions, and brokerage accounts will be automatically updated to reflect the split(s).

A broker may take several days to reflect these transactions in a unitholder's account. However, units of the BMO ETFs may still be traded during the settlement period. BMO AM recommends investors contact their broker should they wish to trade postsplit units during the settlement period.

Commissions, management fees and expenses all may be associated with investments in BMO ETFs. Please read the applicable ETF facts document or simplified prospectus of the BMO ETFs before investing. Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated. For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the BMO ETF's simplified prospectus. BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.