News Releases

HARRIS PREFERRED CAPITAL CORPORATION
NOTICE OF FULL REDEMPTION
of
7 3/8% Noncumulative Exchangeable Preferred Stock, Series A
($25.00 Liquidation Preference Per Share)
(CUSIP No. 414567 20 6)
of
HARRIS PREFERRED CAPITAL CORPORATION

CHICAGO, IL (March 29, 2013) — NOTICE IS HEREBY GIVEN, that Harris Preferred Capital Corporation, a Maryland corporation (the "Company"), has elected to redeem, on April 30, 2013 (the "Redemption Date"), all of the currently outstanding shares of its 7 3/8% Noncumulative Exchangeable Preferred Stock, Series A, par value $1.00 per share (the "Preferred Shares" and each a "Preferred Share"), at a redemption price per share (the "Redemption Price") equal to $25.00, the principal amount thereof, plus quarterly accrued and unpaid dividends to the Redemption Date in an amount equal to $0.1536 per share, for a total payment of $25.15365 per share.  The Redemption Price is payable in cash, without interest as soon as practicable after the Redemption Date.

Payment of the Redemption Price for the Preferred Shares will be made on or after the Redemption Date upon presentation and surrender to Computershare Trust Company, N.A. (the "Redemption Agent") of certificates representing Preferred Shares at the address set forth below.

Notwithstanding the foregoing, any Preferred Shares held in global form shall be redeemed in accordance with the applicable procedures of the Depository Trust Company.

On and after the Redemption Date, dividends will cease to accrue on the Preferred Shares that have been called for redemption.  On and after the Redemption Date, the Preferred Shares that have been called for redemption will no longer be deemed outstanding, and all rights with respect thereto will cease and terminate, except the right of holders thereof to receive payment of the Redemption Price, without interest, upon presentation and surrender of certificates representing the Preferred Shares or by complying with the applicable procedures of the Depository Trust Company on or after the Redemption Date.

Questions regarding redemption of the Preferred Shares or th e procedures therefor may be referred to the Redemption Agent at the address and telephone number below:

Computershare Trust Company, N.A.
Attention: Corporate Actions
250 Royall Street
Canton, MA  02021
855-396-2084

Harris Preferred Capital Corporation is an indirect wholly-owned subsidiary of BMO Harris Bank National Association, a national banking association based in Chicago, Illinois, and Bank of Montreal.    

Based in Canada and established in 1817, Bank of Montreal is a highly diversified North American financial services organization. It provides a broad range of retail and commercial banking, wealth management and investment banking products and solutions to customers in North America and internationally.

Media Inquiries:  Jim Kappel, Vice President, Corporate Communications (312-461-2478)
Investor Relations Inquiries: Sharon Haward-Laird, Head Director of Investor Relations (416-867-6656)

BMO Harris Bank is a trade name and service mark used by various financial service subsidiaries of BMO Financial Corp.  Shares of Harris Preferred Capital Corporation are NOT FDIC INSURED, MAY LOSE VALUE AND CARRY NO BANK GUARANTEE.