News Releases

Harrisdirect Reduces Commission Pricing
Flat $9.95 equity trades for clients with $500,000 or more in assets

JERSEY CITY, N.J., June 21, 2004 – Harrisdirect, the direct investing provider of Harris, today announced it will significantly reduce online trade pricing effective July 6, 2004.

Clients with $500,000 or more in combined assets will receive a flat $9.95 commission rate on online equity trades with no share ceiling, vs. the current charge of $19.99 with a 5,000 share ceiling and $.02 per share thereafter. Additionally, the option base commission for those clients will be reduced to $19.95 plus $1.50 per contract vs. the current price of $22.50 plus $1.50 per contract.

Effective Fall 2004, clients with $100,000-$500,000 will receive a reduced share ceiling price of $.015 per share over 1000 shares vs. the current charge of $.02.

For all clients below $500,000, tiered pricing for online equity trades-per-quarter is as follows*:

"Key players in our market have recently taken steps to reset industry benchmarks," said Bruce Schwenger, president and CEO of Harrisdirect. "As the market continues to evolve, the shift comes as no surprise and we are introducing a more favorable pricing str ucture that extends benefits to the broadest possible client-base to enhance our competitive position and the service we provide."

Harrisdirect Institutional Brokerage Services (IBS):
The new pricing will also extend to Harrisdirect IBS clients. The IBS group provides third-party brokerage solutions for institutions seeking to develop or expand their online financial services capabilities.

For additional information, please visit www.harrisdirect.com.

Harris is an integrated financial service organization providing more than 1.5 million personal, business, corporate and institutional clients with banking, lending, investing and financial management solutions. The community banking network of Harris is one of the largest in Illinois, with nearly 160 full-service locations throughout Chicagoland and more than 450 Harris ATMs. Under the Harris trademark is Harrisdirect, a leading provider of direct investing and investment advisory services to informed investors with long-term financial goals as well as third-party brokerage services to institutional clients; Harris Private Bank, a trusted advisor offering customized banking and lending, financial planning, trust and estate administration, wealth transfer and family office services; and Harris Nesbitt, a premier mid-market corporate and investment bank delivering investment and corporate banking, treasury services, market risk management, institutional investing and research. Harris is a member of BMO Financial Group (NYSE, TSX: BMO). For more information, please visit www.harrisbank.com.

* Qualifying trades include all commissionable equities and options trades. Each customer account must meet the trade threshold independently per quarter to qualify for discounted commissions at each threshold. (Trades executed under multiple accounts of one user Id will NOT be combined to decide the number of qualified trades per quarter. ) Trade count resets at the beginning of each calendar quarter. Each trade is a commissionable event. This includes multiple trades made on the same day in same security.

Harris is a trademark used by various financial service providers in the BMO Financial Group, a marketing name used by Bank of Montreal. Banking products and services are provided by Harris N.A. and The Harris Bank N.A. Members FDIC. Insurance and annuities are offered through Harris Bancorp Insurance Services, Inc (HBIS). Securities are provided by Harris Nesbitt Corp (HNC), a registered broker dealer, member NYSE, FINRA and SIPC and Harrisdirect LLC, a registered broker dealer, member FINRA and SIPC. HBIS, HNC and Harrisdirect are wholly owned subsidiaries of Harris Financial Corp. Products offered by HBIS, HNC and Harrisdirectare Not Insured by the FDIC or any Federal Government Agency, Not a Deposit of or Guaranteed by Any Bank or Bank Affiliate, May Lose Value. The purchase of insurance or an annuity is not a condition on any bank loan or service. Financial planning and investment advisory services are provided by Sullivan, Bruyette, Speros & Blayney, Inc., an SEC registered investment advisor. Family office services are provided by Harris myCFO, Inc. Investment advisory services are also offered by Harris myCFO Investment Advisory Services LLC, an SEC registered investment advisor and a wholly-owned subsidiary of Harris myCFO, Inc. Not all products and services are offered in every state and/or location.