Sentry Select Capital Corp. Announces May 2008 Distributions for Principal-Protected Notes

Market Wire, May, 2008

Sentry Select Capital Corp. ("Sentry Select") is pleased to announce the May 2008 distribution amounts for the following principal-protected notes.

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                               Distri-                               Distri-
                                bution                               butions
                                amount                     Annua    per note
                      Issue  (per $100   Record   Payable -lized       since
Note                   date       note)    date      date  yield   inception
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Bank of Montreal
 Sentry Select
 Canadian Income
 Deposit Notes,
 Series 1          March 17,             May 13,   May 14,
 (JHN601)              2006  $0.126986     2008      2008    1.5%  $6.108656
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Bank of Montreal
 Sentry Select
 R.O.C. Canadian
 Income Deposit
 Notes, Series 1   March 17,             May 13,   May 14,
 (JHN602)              2006  $0.126986     2008      2008    1.5%  $6.108656
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Bank of Montreal
 Sentry Select
 Canadian Income
 Deposit Notes,
 Series 2            May 17,             May 13,   May 14,
 (JHN603)              2006  $0.177589     2008      2008    2.1%  $6.645391
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Bank of Montreal
 Sentry Select
 R.O.C. Canadian
 Income Deposit
 Notes, Series 2     May 17,             May 13,   May 14,
 (JHN604)              2006  $0.177589     2008      2008    2.1%  $6.645391
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Bank of Montreal
 Sentry Select
 Canadian Income
 Deposit Notes,
 Series 3           July 19,             May 13,   May 14,
 (JHN605)              2006  $0.123736     2008      2008    1.5%  $4.370409
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Bank of Montreal
 Sentry Select
 R.O.C. Canadian
 Income Deposit
 Notes, Series 3    July 19,             May 13,   May 14,
 (JHN606)              2006  $0.123736     2008      2008    1.5%  $4.370409
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Bank of Montreal
 Sentry Select
 Canadian Income
 Deposit Notes,        Sept-
 Series 4          ember 20,             May 13,   May 14,
 (JHN607)              2006  $0.154381     2008      2008    1.9%  $3.128384
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Bank of Montreal
 Sentry Select
 R.O.C. Canadian
 Income Deposit        Sept-
 Notes, Series 4   ember 20,             May 13,   May 14,
 (JHN608)              2006  $0.154381     2008      2008    1.9%  $3.128384
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Bank of Montreal
 Sentry Select
 Canadian Income
 Deposit Notes,         Oct-
 Series 5           ober 31,             May 13,   May 14,
 (JHN609)              2006  $0.246205     2008      2008    3.0%  $6.014591
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Bank of Montreal
 Sentry Select
 R.O.C. Canadian
 Income Deposit         Oct-
 Notes, Series 5    ober 31,             May 13,   May 14,
 (JHN610)              2006  $0.246205     2008      2008    3.0%  $6.014591
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Bank of Montreal
 Sentry Select
 Canadian Income
 Deposit Notes,       Decem-
 Series 6            ber 20,             May 13,   May 14,
 (JHN612)              2006  $0.384177     2008      2008    4.6%  $7.750752
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Bank of Montreal
 Sentry Select
 R.O.C. Canadian
 Income Deposit       Decem-
 Notes, Series 6     ber 20,             May 13,   May 14,
 (JHN613)              2006  $0.384177     2008      2008    4.6%  $7.750752
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Bank of Montreal
 Sentry Select
 Canadian Income
 Deposit Notes,
 Series 7          March 14,             May 13,   May 14,
 (JHN614)              2007  $0.517439     2008      2008    6.2%  $6.791600
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Bank of Montreal
 Sentry Select
 R.O.C. Canadian
 Income Deposit
 Notes,
 Series 7          March 14,             May 13,   May 14,
 (JHN615)              2007  $0.517439     2008      2008    6.2%  $6.791600
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Bank of Montreal
 Sentry Select
 Canadian Income
 Deposit Notes,    Sept. 19,             May 13,   May 14,
 Series 8 (JHN627)     2007  $0.379890     2008      2008    4.6%  $3.092827
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Bank of Montreal
 Sentry Select
 R.O.C. Canadian
 Income Deposit
 Notes, Series 8   Sept. 19,             May 13,   May 14,
 (JHN628)              2007  $0.379890     2008      2008    4.6%  $3.092827
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Bank of Montreal
 Sentry Select
 Canadian Income
 Deposit Notes,
 Series 9           Nov. 14,             May 13,   May 14,
 (JHN630)              2007  $0.531049     2008      2008    6.4%  $2.489110
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Bank of Montreal
 Sentry Select
 R.O.C. Canadian
 Income Deposit
 Notes, Series 9    Nov. 14,             May 13,   May 14,
 (JHN631)              2007  $0.531049     2008      2008    6.4%  $2.489110
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