RNS No 6286m
BANK OF MONTREAL
26 October 1999


BANK OF MONTREAL DECLARES DIVIDEND

TORONTO, October 26, 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 fourth 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 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 November 29 to shareholders of
record on November 5.  The dividend on the preferred shares is payable November
25 to shareholders of record on November 5.

Contacts:
Joe Barbera, Toronto,    (416) 927-2740
Ronald Monet, Montreal,  (514) 877-1101

Internet:http://www.bmo.com

END

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