Investor Presentation

Canadian Legislative Covered Bond Programme • Issuance Framework • ECBC Covered Bond Label Collateral Asset Pool Guarantor Ratings¹ Covered Pool Monitor Ongoing Disclosures Coverage Tests Credit Enhancement Canadian Registered Covered Bond Programs Legal Framework Canadian National Housing Act (NHA) Canadian Registered Covered Bond Programs Guide Issued by Canada Mortgage and Housing Corporation (CMHC) • Joined in 2019 . • . • • . Canadian uninsured residential loans with maximum LTV 80% BMO Covered Bond Guarantor Limited Partners Aaa/AAA/AAA by Moody's, Fitch and DBRS KPMG LLP Monthly Investor Reports Public disclosure of material facts Asset Coverage Test Amortization Test Overcollateralization Pre-maturity and liquidity • Reserve Fund • Interest Rate Swap Covered Bond Swaps Risk Management • Property Valuation Indexation Currency • Coupon . Fixed or Floating Active in multiple currencies: USD, EUR, GBP and AUD Hard or soft [All issuance to date has been soft] Bullet Type 1 Ratings are as at January 31, 2024 BMOM Investor Presentation ⚫ February 2024 53

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