Bank of Montreal - Dividend Declaration

RNS No 3280v
BANK OF MONTREAL
27 April 1999


                    BANK OF MONTREAL DECLARES DIVIDEND

TORONTO, April 27, 1999 - Bank of Montreal's Board of Directors today declared a
quarterly dividend of 47 cents a share on paid-up Common Shares of the bank for
the second quarter of fiscal year 1999, 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 on 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 30.00 cents a share on the paid-up
Class B Preferred Shares Series 4, a dividend of 33.125 cents a share on the
paid-up Class B Preferred Shares Series 5 of the bank, and a dividend of 29.6875
cents a share on the paid-up Class B Preferred Shares Series 6 of the bank. 

The dividend on the common shares is payable May 28 to shareholders of record on
May 7.  The dividend on the preferred shares is payable May 25 to shareholders
of record on May 7. 

Contacts:
Lynne Kilpatrick, Toronto,  [phone]
Ronald Monet,     Montreal, [phone]

Internet: http://www.bmo.com


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