RNS No 5564c
BANK OF MONTREAL
25 August 1999

Bank of Montreal to Redeem Class A Preferred Shares Series 4

TORONTO, August 25, 1999 - Bank of Montreal today announced that on September
24, 1999, it will redeem all of its Class A Preferred Shares Series 4.

The redemption price, as provided for in the terms of the issue, is $25.00 per
share together with accrued and unpaid dividends for the period from and
including August 25, 1999, to and including September 23, 1999, with September
24, 1999, being the redemption date.

The bank cited the high relative yield to current market rates as the main
reason for the redemption.

Bank of Montreal, Canada's first bank, is a highly diversified financial
services institution.  The bank operates in more than 30 lines of business
within its group of companies, including Nesbitt Burns, one of Canada's largest
full-service investment firms and Chicago-based Harris Bank, a major U.S.
mid-west financial institution.  Bank of Montreal has an equity position in and
a strategic alliance with Grupo Financiero Bancomer, a leading Mexican financial
institution.


Contacts:
Media Relations:                       Investor Relations:
Joe Barbera, (416) 927-2740            Cathy Cranston, (416) 867-6656
Ronald Monet, (514) 877-1101

Internet:  http://www.bmo.com 

END

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