Toronto (May 5, 2004) - BMO Financial Group and University Health Network have announced the creation of the BMO Financial Group Chair in Health Professions Education.  BMO's $2 million gift establishes a Chair modeled on improving and strengthening the education component of health professions leadership. The new Chair, which will be inaugurated as a Professorship, will help set a global standard of excellence in education research.

BMO Financial Group has a long legacy of supporting education and health and welfare projects across the country and the establishment of the new Chair will continue that tradition. The BMO Financial Group Chair in Health Professions Education Research is a pace-setting contribution aimed at the improvement of healthcare delivery through advances in education.

"The biggest challenge facing the healthcare sector in Canada is the education of our future healthcare professionals," said Dr. Richard Reznick, Vice President of Education at University Health Network and Chair, Department of Surgery at University of Toronto. "BMO Financial Group is well known for its willingness to invest in education and this gift is a superb example of their farsighted approach."

"We are extremely proud that our partnership with University Health Network and the establishment of the new Chair will help to set a new international standard in health professions education," said Tony Comper, President and CEO, BMO Financial Group. " At BMO we believe we have a responsibility to give back to the communities we serve and we are honoured that our contribution will help make a real difference in the field of healthcare education." Education of healthcare professionals at UHN is central to the organization's mission and UHN is the largest teaching hospital fully affiliated with the University of Toronto.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group (TSX, NYSE: BMO) is a highly diversified North American financial services organization. With average assets of $268 billion as at January 31, 2004 and 34,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and solutions. BMO serves clients across Canada and in the United States through its Canadian retail arm BMO Bank of Montreal; Chicago-based Harris Bank, a major U.S. mid-west financial services organization which also has wealth management offices across the United States; BMO Nesbitt Burns, one of Canada's leading full-service investment firms; and Harris Nesbitt, its U.S. investment and corporate banking operation.

About Toronto General & Western Hospital Foundation

Toronto General & Western Hospital Foundation (TG&WH Foundation) at University Health Network (UHN) raises funds for research, education and the enhancement of patient care at Toronto General Hospital and Toronto Western Hospital. TG&WH Foundation and the other UHN partner foundations, the Princess Margaret Hospital Foundation and the Arthritis & Autoimmunity Research Centre Foundation, have recently embarked on a $400 million fund raising campaign, Together We Make Life Better. TG&WH Foundation is committed to raising $250 million toward this goal.

About University Health Network

University Health Network draws on the combined expertise of our three leading hospitals to make success stories happen every day.  Over 10,000 healthcare professionals at Toronto General Hospital, Toronto Western Hospital and Princess Margaret Hospital share innovative approaches, knowledge and resources.  We attract some of the most brilliant professionals in the world. We invest more than $100 million annually in research.  We train over 3,000 future healthcare professionals each year.  Together, we make life better.

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