Bell Aliant distributions 2006 - 2010

Bell Aliant Distribution 2010

Federal Distribution Mix (T3) & Quebec Distribution Mix (Releve 16) 2010

Distribution Reinvestment Plan

Distribution Unit issue Price ($) on Payable Date:

Bell Aliant Distribution 2009

Federal Distribution Mix (T3) & Quebec Distribution Mix (Releve 16) 2009

Bell Aliant Distribution 2008

Federal Distribution Mix (T3) & Quebec Distribution Mix (Releve 16) 2008

Bell Aliant Distribution 2007

To the extent that any portion of these distributions is designated as dividends paid by Bell Aliant, that portion is designated to be an "eligible dividend" pursuant to the Income Tax Act (Canada) and corresponding provincial legislation.

Distribution Mix

Cautionary Statement: Bell Aliant provides this information for estimate purposes only and actual results may vary.

The following summary is intended to assist Canadian resident Unitholders of the Fund with respect to the treatment of cash distributions received from the Fund for Canadian income tax purposes.

These percentages are to be applied to total distributions received by each unitholder to determine each unitholder’s T3, and Quebec Releve 16, distribution mix.

Please note that for 2007, the distribution mix for purposes of the Federal T3 slip, and for the Quebec Releve 16, differ slightly on a per unit basis. Unitholders based in Quebec should be aware of this when completing their Federal and Provincial tax returns.

Both the T3 tax slip, and the Releve 16 for Quebec unitholders, for distribution earnings will be mailed on or before March 31, 2008. T5008 tax slips, for sale of units, will be issued on or before February 29, 2008. If you hold your units with a broker you will receive your related tax slips from your broker.

Federal Distribution Mix (T3)

Quebec Distribution Mix (Releve 16)

Eligible Dividend Designation

Until indicated otherwise in writing at or before the time a distribution is paid, to the extent that any portion of the distributions paid are designated as dividends paid by Bell Aliant, that portion is designated to be an "eligible dividend" pursuant to the Income Tax Act (Canada) and corresponding provincial legislation. Individuals resident in Canada may be entitled to enhanced dividend tax credits that significantly reduce the income tax otherwise payable on such dividends.

Bell Aliant Cash Distribution 2006

Distribution Mix

The following summary is intended to assist individual Canadian resident Unitholders of the Fund with respect to the treatment of cash distributions received from the Fund for Canadian income tax purposes.

These percentages are to be applied to total distributions received by each unitholder to determine each unitholders T3 distribution mix.

Please note that T3 tax slips (and Relève 16 in Quebec) for distribution earnings will be mailed on March 31, 2007. Most other tax slips are issued on February 28, 2007.

Bell Aliant Cash Distribution

Eligible Dividend Designation

Until indicated otherwise in writing at or before the time a distribution is paid, to the extent that any portion of the distributions paid are designated as dividends paid by Bell Aliant, that portion is designated to be an "eligible dividend" pursuant to the Income Tax Act (Canada) and corresponding provincial legislation. Dividends paid by Aliant Inc. in 2006 and any portion of Bell Aliant's 2006 distributions paid that have been designated as dividend income are also designated to be an "eligible dividend" pursuant to the Income Tax Act (Canada) and corresponding provincial legislation. Individuals resident in Canada may be entitled to enhanced dividend tax credits that significantly reduce the income tax otherwise payable on such dividends.