Shareholder info

Plans of arrangement that have an impact on the calculation of your cost

Distribution of 1.570386 share of Nortel per BCE common share

SUMMARY OF TAX IMPACT – CDN residents – 69.21% of the BCE shares cost base (or adjusted cost base (ACB)) as of May 1, 2000 is allocated to Nortel to estimate the ACB of shares received. The ACB of BCE is reduced to 30.79%

It is recommended to review the tax consequences for all the details

Distribution of 0.0725 Bell Aliant units and consolidation of BCE common shares to 0.915

SUMMARY OF TAX IMPACT – CDN residents - BCE adjusted cost base (ACB) as of July 10, 2006 needs to be reduced by the value of the Bell Aliant units received (Bell Aliant unit value at the time of distribution = $33.40)

It is recommended to review the tax consequences for all the details