Dividend Declaration

RNS Number:4074O
Bank of Montreal
25 July 2000


Bank of Montreal Declares Dividend

TORONTO, July 25, 2000 - Bank of Montreal's Board of Directors today declared a
quarterly dividend of 50 cents a share on paid-up common shares of the bank for
the third quarter of fiscal year 2000, 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 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 August 30, 2000, to shareholders of
record on August 4. The dividend on the preferred shares is payable August 25,
2000, to shareholders of record on August 4.


Contacts:
Joe Barbera, Toronto, [phone]

Lucie Gosselin, Montreal, [phone]


Internet: http://www.bmo.com