BMO targets buyback of up to 25 million common shares under new issuer bid

• BMO plans a normal course issuer bid to repurchase up to 25,000,000 common shares for cancellation, subject to OSFI, TSX approval.
• Bid expected to start around Sept. 8, 2026, ending Sept. 7, 2027, unless terminated earlier.
• Program size equals about 3.6% of public float as of July 31, 2026.
• Repurchases to be executed mainly on the TSX at market prices; exemption-order purchases would generally be at a discount.
• Current buyback program runs from Sept. 5, 2025 to Sept. 4, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BMO - Bank of Montreal published the original content used to generate this news brief on August 26, 2026, and is solely responsible for the information contained therein.