• Reinvest your total cash dividends on BCE common shares in additional BCE shares, including fractional shares, without paying brokerage commissions. (partial reinvestment of dividends not allowed)
• Make optional cash payments up to CDN $20,000 each twelve month period ending each October without paying brokerage commissions
• Reinvest your dividends on preferred shares and interest on Bell Canada debentures, subject to a separate limit of $20,000 each year
• Quarterly statements are provided for record-keeping
• Withdrawal/sale of any amount of shares allowed without terminating participation
• Terminate your participation at any time

Most investors who own BCE shares are non-registered or beneficial shareholders. If you purchased shares through your broker and did not specifically ask for a share certificate, your shares are non-registered. They are held in the name of your brokerage firm (in Street Name). To become a registered shareholder of BCE, contact your broker and request a certificate of your investment. There is customarily a broker’s fee for this service and the process usually takes two or more weeks to complete.

Under certain circumstances, you may be able to make optional cash payments into the plan without first being a registered shareholder.

You can also send your payment to the transfer agent with a short note indicating your account and SIN or TIN number and the name of BCE, the company you want to invest in.

You can make optional cash payments when you enroll in the DRP and any time afterwards up to a maximum of $20,000 in a 12-month period ending on the last business day preceding the Investment Period in October each year. Here are important points to remember.

• You can send as many payments as you wish by cheque, money order or similar financial instrument.
• Payments must reach the transfer agent on or before the last business day preceding an investment period. The investment period is the first business day following the 15th day of each month.
• The price of the shares will depend on whether the Plan buys shares through a stock exchange or directly from BCE. In either case, you will pay no brokerage commissions on purchases.
• Currently, shares are purchased through a stock exchange. Therefore, the price for shares is equal to the average of the actual cost incurred by the transfer agent, without any commission.
• When shares are bought from BCE, the price for shares is based on the weighted average price during the three trading days immediately preceding an Investment Period.

For example, if the 15th day of the month is on a Saturday, the investment period falls the following Monday, the 17th. In this case, the payment must reach the Transfer agent on or before the Friday, the 14th.

The transfer agent will generally carry out your request within one business day of receipt, and the proceeds of such sale, less brokerage commissions and transfer taxes, if any, will be forwarded to you, normally within three business days following completion of the sale.

If you want to withdraw your shares from the plan, the transfer agent will issue a certificate for your shares. This process may take three weeks.

When common shares are purchased on the open market through a stock exchange, the purchase price to participants will be equal to the average of the actual cost incurred by the Transfer Agent, without any commission.

Purchase prices are indicated on quarterly statements which should be kept to assess your average share price and will be required for income tax purposes if you ever sell your shares. If you have questions on these statements or if you have lost them, please contact our transfer agent, Computershare.