BANK OF MONTREAL /CAN/

Business BMO Financial Group is a highly diversified financial services provider based in North America, providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services directly and through Canadian and non-Canadian subsidiaries, offices, and branches. As at October 31, 2025, BMO had more than 53,000 full-time equivalent employees. The Bank serves its clients through more than 1,800 bank branches, BMO automated banking machines, as well as online and mobile digital banking platforms. It operates in Canada, the United States and select markets globally. BMO Financial Corp. (BFC) is headquartered in Chicago and wholly-owned by Bank of Montreal. BFC operates primarily through its subsidiary BMO Bank N.A. (BBNA), which provides banking, financing, investing, and cash management services in the United States. BMO provides a range of investment dealer services through entities, including BMO Nesbitt Burns Inc., a major fully integrated Canadian investment dealer, and BMO Capital Markets Corp., Bank of Montreal’s wholly-owned registered broker dealer in the United States. BMO conducts business through four operating segments: Canadian Personal and Commercial Banking; U.S. Banking; Wealth Management; and Capital Markets; supported by Corporate Services, including Technology and Operations. For additional information regarding BMO’s businesses, see pages 18 and 34 to 51 of the 2025 MD&A and Note 25 of the 2025 Financial Statements. The Bank incorporates these pages and Note herein by reference.