For Broker/Dealer Use Only BMO Guardian SelectClass ® Portfolios*

For Broker/Dealer Use Only 1 Who will this product appeal to? Unsophisticated investors looking for a simple investment management solution that answers their accumulation and payout needs Sophisticated investors seeking to maximize after-tax returns through the use of a corporate class structure Investors looking for a core portfolio holding in a “core and explore strategy” along with tactical overlays providing specific regional or sector exposure High net worth investors looking for discounted pricing on large accounts

For Broker/Dealer Use Only 2 Product details Four risk-differentiated SelectClass Portfolios Each Portfolio contains 9 to 11 carefully selected and optimized BMO Guardian Funds or BMO Mutual Funds Corporate class structure for tax-deferred accumulation ** Series T for managing monthly cash flow High Net Worth (Series H) pricing option provides a 0.25% management fee reduction without a reduction in trailer fee compensation on accounts over $250,000 Covers a range of investor strategies: –Security, Balanced, Growth and Aggressive Growth

For Broker/Dealer Use Only 3 SelectClass Portfolios Aggressive Growth Growth Balanced Security

For Broker/Dealer Use Only 4 Enhance your productivity SelectClass Portfolios include a range of features that allow you to increase your productivity while providing high quality service to all your clients: –Low minimum purchase amount ($1,000) –Investor risk profiling (Investor Profile Questionnaire) –Portfolio monitoring and rebalancing (+/-2% trigger) –Quarterly client reporting

For Broker/Dealer Use Only 5 Manage your client relationships differently SelectClass Portfolios include a range of features that allow you to increase client satisfaction and retention: –Creating client investment strategies (questionnaire generates IPS) –Outstanding investment management –Controlling investment risk through portfolio diversification and optimization

For Broker/Dealer Use Only 6 Manage your liability risk SelectClass Portfolios include a range of features that allow you to manage your liability risk –Investor Profile Questionnaire determines client investment objectives and risk tolerance –Investment Policy Statement ensures a permanent record of the client investment strategy –Ongoing portfolio monitoring ensures each fund is managed according to its stated objectives –Automatic rebalancing keeps client portfolios on track –Regular quarterly client reporting provides documentation and easy reference

For Broker/Dealer Use Only 7 Corporate class for greater tax efficiency Each SelectClass Portfolio is a class of BMO Global Tax Advantage Funds Inc., a mutual fund corporation A corporate class structure allows clients to accumulate capital as tax efficiently as possible and to switch to a payout product without incurring an immediate tax liability Allows your clients to switch among the 4 Portfolios and 19 other classes without realizing immediate capital gains Allows your clients to defer taxation, effectively controlling when they wish to incur their tax liability Once they choose to realize a gain, they also benefit from being taxed at the preferential capital gains tax rate, which is lower than the rates on either interest or dividend income

For Broker/Dealer Use Only 8 BMO Global Tax Advantage Funds Inc. Sustainable Opportunities Class Sustainable Climate Class Greater China Class Global Energy Class International Value Class SelectClass Security Portfolio SelectClass Balanced Portfolio SelectClass Growth Portfolio SelectClass Aggressive Growth Portfolio Short Term Income Class Canadian Equity Class Global Dividend Class Dividend Class Global Equity Class Emerging Markets Class Global Technology Class Asian Growth & Income Class Enterprise Class Global Small Cap Class Resource Class Global Absolute Return Class American Equity Canadian Large Cap Equity Class

For Broker/Dealer Use Only 9 Series T shares to better manage cash flow needs Two Series T options are available on each Portfolio Series T shares provide regular, predictable monthly cash flow (conceptually similar to systematic withdrawal plans) Series T shares provide greater tax efficiency, more productive use of capital and greater investment flexibility through the use of Return of Capital (ROC) Clients can choose a 5% payout, an 8% payout, or a customized payout level by holding a strategic mix of Series T and non-Series T shares Turn your clients’ cash flow on and off by switching between Series T and non-Series T shares 1

For Broker/Dealer Use Only 10 Why consider SelectClass Portfolios? Powerful corporate class structure allows clients to switch among the 4 Portfolios and 19 other classes without realizing immediate capital gains Series T shares to better manage monthly client cash flows –T5, T8, or customize up to 8% High Net Worth pricing (Series H) provides a 0.25% management fee reduction with no drop in advisor compensation Outstanding portfolio management with the best BMO Guardian Funds and BMO Mutual Funds Low minimum purchase amount ($1,000) Competitively priced (1.85% % management fees)

For Broker/Dealer Use Only 11 Appendix - SelectClass Security Portfolio Fixed Income BMO Bond Fund35.0% BMO Mortgage and Short-Term Income Fund15.0% BMO World Bond Fund15.0% BMO Global High Yield Bond Fund10.0% Total Fixed Income75.0% Equity BMO U.S. Equity Fund7.5% BMO Equity Fund5.0% BMO Guardian Canadian Large Cap Equity Fund5.0% BMO European Fund5.0% BMO Guardian Asian Growth and Income Fund2.5% Total Equity25.0%

For Broker/Dealer Use Only 12 Appendix - SelectClass Balanced Portfolio Fixed Income BMO Bond Fund22.5% BMO Mortgage and Short-Term Income Fund10.0% BMO Global High Yield Bond Fund10.0% BMO World Bond Fund5.0% Total Fixed Income47.5% Equity BMO U.S. Equity Fund12.5% BMO Equity Fund10.5% BMO Guardian Canadian Large Cap Equity Fund10.5% BMO European Fund8.0% BMO Emerging Markets Fund6.5% BMO Guardian Asian Growth and Income Fund4.5% Total Equity52.5%

For Broker/Dealer Use Only 13 Appendix - SelectClass Growth Portfolio Fixed Income BMO Bond Fund15.0% BMO World Bond Fund5.0% BMO Global High Yield Bond Fund5.0% Total Fixed Income25.0% Equity BMO U.S. Equity Fund15.0% BMO Equity Fund12.5% BMO Guardian Canadian Large Cap Equity Fund12.5% BMO European Fund10.0% BMO Emerging Markets Fund10.0% BMO Guardian Asian Growth and Income Fund5.0% BMO Special Equity Fund5.0% BMO Guardian Global Small Cap Fund5.0% Total Equity75.0%

For Broker/Dealer Use Only 14 Appendix - SelectClass Aggressive Growth Portfolio Equity BMO U.S. Equity Fund15.0% BMO Equity Fund15.0% BMO Guardian Canadian Large Cap Equity Fund15.0% BMO European Fund10.0% BMO Emerging Markets Fund15.0% BMO Guardian Global Equity Fund10.0% BMO Guardian Global Small Cap Fund7.5% BMO Guardian Asian Growth and Income Fund5.0% BMO Special Equity Fund3.8% BMO Guardian Enterprise Fund3.8% Total Equity100.0%

For Broker/Dealer Use Only 15 Appendix - Expected returns and volatility 2 SelectClass PortfolioReturnsVolatility Security2.98% 5.78% Balanced3.96% 9.78% Growth4.71% 12.99% Aggressive Growth5.51% 16.78%

For Broker/Dealer Use Only 16 Appendix - Historical performance 3 SelectClass Portfolio Annualized Performance (to December 31, 2009) Standard Deviation 4 1 Year2 Year3 Year Security8.24%0.46%0.91%5.62 Balanced13.51%-3.03%-1.11%9.36 Growth18.83%-6.27%-3.13%12.71 Aggressive Growth22.34%-9.95%-5.56%16.24

For Broker/Dealer Use Only 17 Appendix - Management fees SelectClass Portfolio Advisor Series Series TSeries H Security1.85% 1.60% Balanced2.00% 1.75% Growth2.10% 1.85% Aggressive Growth2.20% 1.95%

For Broker/Dealer Use Only 18 Appendix - Trailer fees SelectClass PortfolioFront EndLow LoadDSCSeries H Security1.00% 0.50%1.00% Balanced1.00% 0.50%1.00% Growth1.00% 0.50%1.00% Aggressive Growth1.00% 0.50%1.00%

For Broker/Dealer Use Only 19 Disclaimer The consultant’s asset allocation modeling includes a forward-looking, base case economic scenario model, in addition to historical risk and return data for index proxies, to create a CAPM-consistent efficient frontier. The proxies for the 12 asset classes are: This presentation is provided for informational purposes only. Particular investments and/or trading strategies should be evaluated relative to each individual’s investment objectives. The information contained in this presentation is not, and should not be construed as, investment or tax advice. You should not act or rely on the information contained in this presentation without seeking the advice of an appropriate professional advisor. Asset ClassProxy IndexAsset ClassProxy Index T-BillsDEX 91 Day T-BillCanadian EquitiesS&P/TSX Short BondsDEX Short-Term BondU.S. EquitiesS&P 500 (CAD) Universe BondsDEX Universe BondInternational EquitiesMSCI EAFE (CAD) Global Government Bonds Citigroup Global Government Bond (hedged) Canadian Small Cap Equities NB Canada Small Stock Global High Yield Bonds ML Global High Yield (hedged)Global Small Cap Equities MSCI World Small Cap (CAD) Emerging Markets Debt JP Morgan EMBI Global (hedged) Emerging Markets Equities IFCI Emerging (CAD)

For Broker/Dealer Use Only 20 Disclaimer *BMO Guardian SelectClass Portfolios include: BMO Guardian SelectClass Security Portfolio Advisor Series, BMO Guardian SelectClass Balanced Portfolio Advisor Series, BMO Guardian SelectClass Growth Portfolio Advisor Series and BMO Guardian SelectClass Aggressive Growth Portfolio Advisor Series. This presentation is for informational purposes and advisor use only. No part of this presentation may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, recording or otherwise, without the written permission of BMO Investments Inc. (BMOII). For greater certainty, no part of this presentation may be provided to investors and/or potential investors without the written permission of BMOII. The information contained herein is not, and should not be construed as, investment advice to any party. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance. The statistics provided in this presentation are based on information believed to be reliable, but BMOII cannot guarantee they are accurate or complete. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus of the mutual fund before investing. Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation, the Régie de l’assurance-dépôts du Québec or by any other government deposit insurer. The value of mutual funds changes frequently and past performance may not be repeated. ** BMO Guardian SelectClass Portfolios are a share class of BMO Global Tax Advantage Funds Inc., a mutual fund corporation. For details on how BMO Guardian SelectClass Portfolios are structured to allow transfers without the realization of capital gains, please read the prospectus. TM/® Trade-marks/registered trade-marks of Bank of Montreal, used under licence.

For Broker/Dealer Use Only 21 Disclaimer 1 You can switch among the different Funds and Portfolios in BMO Global Tax Advantage Funds Inc. 2 The asset allocation modeling uses a includes a forward-looking base case economic scenario model, in addition to 10- year and 25-year historical risk and return data for asset classes to create a CAPM-consistent efficient frontier. The proxies used for the 12 asset classes can be found on the disclaimer page of this presentation. This document may contain forward-looking statements relating to anticipated future events, results, circumstances, performance or expectations that are not historical facts but instead represent our beliefs regarding future events. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that predictions and other forward-looking statements will not prove to be accurate. We caution readers of this document not to place undue reliance on our forward-looking statements as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed or implied in the forward-looking statements. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including but not limited to market and general economic conditions, interest rates, regulatory and statutory developments, the effects of competition in the geographic and business areas in which the fund may invest in and the risks detailed from time to time in BMO Mutual Funds’ simplified prospectus. We caution that the foregoing list of factors is not exhaustive and that when relying on forward-looking statements to make decisions with respect to investing in the fund, investors and others should carefully consider these factors, as well as other uncertainties and potential events, and the inherent uncertainty of forward-looking statements. Due to the potential impact of these factors, BMO Investments Inc. does not undertake, and specifically disclaims, any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. 3 The historical performance reflects a combination of actual 1year fund performance from January 1, 2009 to December 31, 2009 and BMO Guardian SelectClass Portfolios Advisor Series weightings of actual 2 and 3 year performance of the underlying BMO Guardian Funds and BMO Mutual Funds from Jan 1, 2007 to December 31, Risk is measured by standard deviation, which is annualized statistical measure of risk of a fund or portfolio’s performance around its average. It is calculated based on a fund’s monthly returns over a specified time period. The greater the standard deviation, the greater the fund’s volatility.