Curaleaf — Capital/Financing Update 2026

Feb 9, 2026

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79 Wellington St. W., 30th Floor Box 270, TD South Tower Toronto, Ontario M5K 1N2 Canada P. 416.865.0040 | F. 416.865.7380

www.torys.com

April 17, 2020

To: British Columbia Securities Commission

Alberta Securities Commission

Financial and Consumer Affairs Authority of Saskatchewan

The Manitoba Securities Commission

Ontario Securities Commission Autorité des marchés financiers

Financial and Consumer Services Commission (New Brunswick)

Nova Scotia Securities Commission

Superintendent of Securities, Prince Edward Island

Superintendent of Securities, Newfoundland and Labrador

Superintendent of Securities, Yukon

Superintendent of Securities, Northwest Territories

Superintendent of Securities, Nunavut

Dear Sirs/Mesdames:

Re: Bank of Montreal AutoCallable Principal At Risk Notes, Series 1491 (CAD), Due May 6, 2025

Pricing Supplement No. 1561 of Bank of Montreal (the "Bank") dated April 17, 2020 to the Short Form Base Shelf Prospectus of the Bank dated June 1, 2018 (the "Pricing Supplement")

We hereby consent to the reference to our name on the inside cover page and under the heading "Legal Matters" and to the reference to our name and to the use of our opinions under the headings "Eligibility for Investment", "Summary of the Offering" and "Certain Canadian Federal Income Tax Considerations" in the Pricing Supplement.

We have read the Pricing Supplement and have no reason to believe that there are any misrepresentations in the information contained in the Pricing Supplement that are derived from our opinions or that are within our knowledge as a result of services we performed in connection with such opinions.

Yours truly,

"Torys LLP"