Bank of Montreal (the Bank) intends to file a notice of intention with the TSX in this regard and, subject to regulatory approvals, the bid would commence following TSX acceptance of the notice and continue for up to one year. The common shares that may be repurchased represent approximately 2.7% per cent of the 'public float' (as such term is defined in the TSX Company Manual) of common shares as of November 30, 2024. The timing and amount of any purchases under the program are subject to regulatory approvals and to management discretion based on factors such as market conditions.