PureWave Hydrogen Corp. — Capital/Financing Update 2026

Feb 4, 2026

TORYS LLP

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

February 3, 2026

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
Financial and Consumer Services Division, Prince Edward Island
Office of the Superintendent of Securities Service, Newfoundland and Labrador
Office of the Yukon Superintendent of Securities
Office of the Superintendent of Securities, Northwest Territories
Office of the Superintendent of Securities, Nunavut

Dear Sirs/Mesdames:

Re: BMO Callable Contingent Income Barrier Notes, PBF Series 32 (CAD) Due January 31, 2031

Pricing Supplement No. 1342 of Bank of Montreal (the "Bank") dated February 3, 2026 to Income Notes Prospectus Supplement No. 2 of the Bank dated May 29, 2025 and the Short Form Base Shelf Prospectus of the Bank dated May 29, 2025 (the "Pricing Supplement")

We hereby consent to the reference to our name and to the use of our opinions under the heading "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"