Growth potential of Stocks; Security of a GIC BMO® Growth GIC

January 2015 - Series 93 Term 4 Years 100% Principal Protected Minimum Investment $1000 Maximum Rate of Return for the Term 24.00% (6.00% annually*)

Overview Is this GIC right for you?

This medium term GIC allows you to participate in the growth of This GIC may be right for you if you: Canadian stocks with no risk to your principal investment. It are looking to diversify your portfolio with a medium term offers the potential to generate returns based on the investment performance of a basket of 15 large Canadian companies. would like principal protection are willing to forego a guaranteed return for the potential to Reference Portfolio earn higher market-linked returns

Company can keep your money invested until the end of the term -Dominion Bank (The) (TD) Canadian Imperial Bank of Commerce (CM) Key Benefits Bank of Nova Scotia (The) (BNS) This GIC is an excellent way for you to gain access to the BCE Inc. (BCE) returns on a portfolio of 15 large Canadian companies with the Saputo Inc. (SAP) security of principal protection. National Bank of (NA) Principal protection - 100% of your original investment is returned to you at maturity Power Corporation of Canada (POW) (RY) Higher return potential based on the performance of a portfolio of Canadian stocks (WN) ® Potash Corporation of Saskatchewan Inc. (POT) Designed in partnership with BMO Capital Markets , a market leader in creating innovative investment solutions Canadian Oil Sands Ltd. (COS) Inc. (SU) Guaranteed by Inc. (ENB) Eligible for Canada Deposit Insurance Corporation (CDIC) deposit insurance up to applicable limits TransCanada Corporation (TRP) TransAlta Corporation (TA) Growth potential of Stocks; Security of a GIC BMO® Growth GIC

Contact Us

Visit your local BMO Bank of Montreal branch and speak to an investment professional

Visit us online at bmo.com/progressivegic

Call BMO Bank of Montreal Customer Contact Centre at 1 877 CALL BMO (1 877 225-5266)

BMO Growth GICs are issued by Bank of Montreal Mortgage Corporation and guaranteed by Bank of Montreal. The principal amount of a BMO Growth GIC is guaranteed and is repay able upon maturity , but there is no guarantee of earning any return linked to the perf ormance of the underly ing securities. The rate of return f or the term pay able, if any , will be the return on the Ref erence Portf olio but will not be less than zero or more than the Maximum Rate of Return f or the Term. The return on the Ref erence Portf olio, if any , is determined without ref erence to any div idends or distributions paid on the securities and is the simple av erage of the percentage changes in the v alue of each underly ing security in the Ref erence Portf olio ov er the term of the GIC. The rate of return f or the term is not an annual rate but is the rate of return ov er the entire term of the GIC. If market disruptions or other special circumstances af f ect the calculation of the return, the calculation agent may adjust or delay the calculation or pay ment of interest, estimate the v alue of an underly ing security , replace a security and/or determine the amount of interest, if any , that may be pay able in an alternate manner. The Terms and Conditions f or BMO Growth GICs are av ailable at y our local BMO Bank of Montreal branch. BMO Growth GICs are not av ailable in RSPs if the GIC’s maturity date is af ter the date y ou are required to conv ert y our RSP to a RIF.

TM/® Trade-marks of Bank of Montreal. * Not compounded