BMO Financial Group Selects OpenPages Products

June 9, 2006

Waltham, Mass. - June 9, 2006 - OpenPages, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced that BMO Financial Group has selected OpenPages FCM and OpenPages ORM to integrate its operational risk management activities and Sarbanes-Oxley compliance activities in a single platform.

Established in 1817 as Bank of Montreal, BMO Financial Group (TSX, NYSE: BMO) is a highly diversified North American financial services organization. With total assets of $312 billion as at April 30, 2006, and more than 34,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and solutions. BMO Financial Group serves clients across Canada through its Canadian retail arm, BMO Bank of Montreal, and through BMO Nesbitt Burns, one of Canada’s leading full-service investment firms. In the United States, BMO Harris Bank provides full service banking.

OpenPages ORM is an enterprise risk management solution that enables organizations to identify, measure, monitor and manage operational risk on an integrated, company-wide basis. OpenPages ORM reduces the time and resource costs associated with managing risk throughout the enterprise, enabling risk managers to effectively prepare for future uncertainties and the associated risks and opportunities for the company. With OpenPages ORM, risk managers reduce the impact of future uncertainties to improve operating margins, lessen earnings volatility, increase efficiency, ease compliance burdens and optimize capital allocation requirements.

OpenPages FCM is an enterprise financial controls management solution that reduces the time and resource costs associated with ongoing compliance with financial reporting regulations. Available in six languages, OpenPages FCM combines powerful document management, business process management and flexible reporting capabilities in an extremely easy-to-use environment that enables an organization to document financial controls and automate the ongoing test and review process. Completely web-based, OpenPages FCM maximizes end-user participation with little training. Its dashboards can be used by project managers, documentation team members, internal auditors and external auditors to plan, document and test the internal controls framework of the company, and to attest to the financial statements.

About OpenPages

OpenPages® is the leading provider of enterprise risk management solutions that optimize business performance. OpenPages empowers the world’s largest companies by unifying governance, risk and compliance across the enterprise and by incorporating risk management into day-to-day business processes. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with international offices in Japan and the United Kingdom, and regional offices throughout North America.

For questions or for more information on OpenPages' enterprise risk management solutions, please click here or call us at 781.693.5999.