Bank of Montreal Selects Actuate as Its e.Business, e.Reporting Solution; Actuate Enables Customers to Capture and Manipulate Critical Business-to-Business Data.

SAN MATEO, Calif.--(BUSINESS WIRE)--June 30, 1999--

Actuate(R) Corporation (Nasdaq:ACTU), the pioneer in e.Reporting(TM) for e.Business, announced that Bank of Montreal has selected Actuate as its e.Reporting solution within details Online(TM), the Bank's proprietary Web-based corporate procurement solution developed for its MasterCard clients.

As the content creation and delivery infrastructure for details Online, Actuate will allow customers and partners to manipulate critical transaction data into a comprehensive package of custom and standard reports. Furthermore, Actuate's robust and flexible solution allows corporations to generate customized content and extract the output in a flat file format for uploading into corporate databases.

This partnership further solidifies Actuate's presence in the financial services business sector. "We chose Actuate because of its Web architecture and its flexibility," said Randy Ford, director of MasterCard Business-to-Business at Bank of Montreal. "We see valuable potentials in Actuate's e.Reporting application. The fact that our customers can manipulate data into the content he or she needs and export it to multiple locations made Actuate the clear choice for us."

Actuate e.Reporting seamlessly complements the Bank's powerful closed loop, end-to-end corporate procurement solution. details Online will be launched in three phases and Actuate is a critical facet of the first phase which is scheduled to pilot in August 1999.

"We're thrilled to include Bank of Montreal as one of our premier partners in the financial services arena," said Nico Nierenberg, chairman and CEO of Actuate. "We consider the Bank a real innovator in providing e.Business solutions for its customers, and we look forward to supporting them as they continue their future business strategies."

About Bank of Montreal

Bank of Montreal, Canada's first bank, is a highly diversified financial services institution with assets of $134 billion. The Bank's group of companies include Nesbitt Burns, one of Canada's largest full-service investment firms, Chicago-based Harris Bank, a major U.S. mid-west financial institution and mbanx, the first North American-wide virtual banking unit. Bank of Montreal has an equity position in and an alliance with Grupo Financiero Bancomer, a leading Mexican financial institution.

About Actuate Corporation

Actuate Corporation, the pioneer in e.Reporting for e.Business, enables companies to differentiate their offerings by extending the value of information across the entire customer lifecycle, creating a more loyal customer base and giving them the edge in the ever-competitive e.Business world. The Actuate e.Reporting Suite 4 is the first-ever solution that automates the creation and delivery of structured, personalized content, providing tens of thousands of users with instant access to high-resolution, customized business information that is seamlessly integrated into a company's e.Business Web site.

Actuate's customers include the world's largest .com, financial services, telecommunications, health care and media companies. Software vendors reselling Actuate solutions include Ariba, Ascend, Aspect Development, Clarify, PeopleSoft, Siebel, and Vantive. Founded in 1993, and headquartered in San Mateo, Calif., Actuate has offices worldwide. For more information on Actuate, visit the company's Web site at http://www.actuate.com.

Actuate, Live Report Documents, Report Encyclopedia and ReportCast are registered trademarks of Actuate Corporation. e.Report, e.Reporting, Live Report Extensions, ReportBlast, SmartSearch, Transporter, Virtual Report Distribution and XML Reports are trademarks of Actuate Corporation. All other products and corporate names referenced are trademarks of their respective companies.