BANK OWNED CORPORATIONS Book value of common and preferred shares Corporations in which the Bank owns more than  Percent of voting shares owned by the Bank 50% of the issued and outstanding voting shares Head office owned by the Bank (Cdn $ in millions) Bank of Montreal Assessoria e ServiGLYPH<141>os Ltda. Rio de Janeiro, Brazil 100 — Bank of Montreal Capital Markets (Holdings) Limited London, England 100 91 BMO Nesbitt Burns Limited (U.K.) London, England 100 Bank of Montreal Finance Ltd. Toronto, Canada 50.01 12 Bank of Montreal Global Capital Solutions Ltd.  Calgary, Canada 100 13 Bank of Montreal Holding Inc. Calgary, Canada 100 10,085 Bank of Montreal Insurance (Barbados) Limited Bridgetown, Barbados 100 Bank of Montreal Securities Canada Limited Toronto, Canada 100 BMO Nesbitt Burns Corporation Limited and subsidiaries Montreal, Canada 100 BM0 Holding Finance, LLC Wilmington, United States 100 BMO Investments Limited and subsidiaries Hamilton, Bermuda 100 BMO Nesbitt Burns Trading Corp. S.A. MGLYPH<159>nsbach, Luxembourg 100 BMO Service Inc. Calgary, Canada 100 Bank of Montreal Ireland plc Dublin, Ireland 100 1,393 Bank of Montreal Mortgage Corporation Calgary, Canada 100 1,994 Bankmont Financial Corp. Wilmington, United States 100 5,792 BMO Financial, Inc. Wilmington, United States 100 BMO Global Capital Solutions, Inc. Wilmington, United States 100 BMO Managed Investments Corp. Chicago, United States 100 BMO Nesbitt Burns Corp. Chicago, United States 100 BMO Nesbitt Burns Equity Group (U.S.), Inc. and subsidiaries Chicago, United States 100 BMO Nesbitt Burns Financing, Inc. Chicago, United States 100 EFS (U.S.), Inc. and subsidiaries Chicago, United States 100 Harris Bancorp Insurance Services, Inc. Chicago, United States 100 Harris Bankcorp, Inc. and subsidiaries Chicago, United States 100 Harris Investor Services, LLC Wilmington, United States 100 Harris InvestorLine, Inc.  Chicago, United States 100 Harris Trust Company  Seattle, United States 100 Harris Trust/Bank of Montreal Wes t Palm Beach, United States 100 BMO Capital Corporation Toronto, Canada 100 72 BMO Investments Inc. Toronto, Canada 100 76 BMO InvestorLine Inc. Toronto, Canada 100 45 BMO Ireland Finance Company Dublin, Ireland 100 663 BMO Life Insurance Company Toronto, Canada 100 15 BMO Nesbitt Burns Equity Partners Inc. Toronto, Canada 100 85 BMO (N.S.) Holdings Co. Halifax, Canada 100 1,209 BMO (U.S.) Finance, LLC Wilmington, United States 100 dealerAccess Inc. Wilmington, United States 100 3 dealerAccess Canada Inc. Toronto, Canada 100 Guardian Group of Funds Ltd. Toronto, Canada 100 190 Lakeshore Funding Company, LLC Wilmington, United States 100 762 MyChoice Inc. Toronto, Canada 80 — The Trust Company of Bank of Montreal Toronto, Canada 100 32 The above is a list of all our directly held corporations, as well as their directly held corporations, and thereby includes all of our major operating companies. The book values of the corporations shown represent the total common and preferred equity value  of our holdings. We own 100% of the outstanding non-voting shares of subsid- iaries except for Bank of Montreal Securities Canada Limited, of which we own 95.35% of the outstanding non-voting shares. 94 BMO FINANCIAL GROUP ANNUAL REPORT 2002