Bank of Montreal - Dividend Declaration

RNS No 6949t
BANK OF MONTREAL
28th April 1998


                    BANK OF MONTREAL DECLARES DIVIDEND

MONTREAL, April 28, 1998 - Bank of Montreal's Board of Directors today declared
a quarterly dividend of 44 cents a share on paid-up Common Shares of the Bank
for the second quarter of fiscal year 1998, the same as for the previous
quarter.

For the current quarter, the Board also declared a dividend of 56.250 cents a
share on paid-up Class A Preferred Shares Series 4 of the Bank, a dividend of
$4,765.625 a share on the paid-up Class A Preferred Shares Series 5 of the Bank,
a dividend of 56.250 cents a share on paid-up Class B Preferred Shares Series 1
of the Bank, a dividend of U.S. 42.190 cents a share on the paid-up Class B
Preferred Shares Series 2 of the Bank, a dividend of 34.6875 cents a share on
the paid-up Class B Preferred Shares Series 3, a dividend of 29.66 cents a share
on the paid-up Class B Preferred Shares Series 4 and a dividend of 32.75 cents
a share on the paid-up Class B Preferred Shares Series 5 of the Bank.

The dividend on the common shares is payable May 28 to shareholders of record on
May 8.  The dividend on the preferred shares is payable May 25 to shareholders
of record on May 8.

Contacts:
Joe Barbera, Toronto        [phone]
Lucie Gosselin, Montreal    [phone]

Internet: http://www.bmo.com

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