MTN M-40 Press Release

For Immediate Release

This news release contains forward-looking statements. For a description of the
related risk factors and assumptions, please see the section entitled “Caution
Concerning Forward-Looking Statements” later in this release.

Bell announces offering of MTN Debentures

MONTRÉAL, September 28, 2015 - Bell Canada (Bell) today announced the public
offering of Cdn $1 billion of MTN Debentures pursuant to its medium term notes
(MTN) program.

The $1 billion 3.00% MTN Debentures, Series M-40, will be dated October 1, 2015,
will mature on October 3, 2022, and will be issued at a price of Cdn $99.599 per
$100 principal amount. The MTN Debentures will be fully and unconditionally
guaranteed by BCE Inc.

The net proceeds of this offering are intended to be used to fund the repayment
of Bell Canada’s $1 billion principal amount of 3.60% Debentures, Series M-21
due December 2, 2015.

The MTN Debentures are being publicly offered in all provinces of Canada through
a syndicate of agents. Closing of the offering of the MTN Debentures is expected
to occur on October 1, 2015.

There shall be no offer, solicitation or sale of securities of Bell in any
jurisdiction in which such an offer, solicitation or sale would be unlawful. The
MTN Debentures have not been, and will not be, registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States. This press release shall not constitute an offer to sell securities in
the United States.

The MTN Debentures are being issued pursuant to a Short Form Base Shelf
Prospectus dated November 14, 2014 and a Prospectus Supplement dated February
10, 2015. Bell will file a pricing supplement relating to this issue with the
securities regulatory authorities in all provinces of Canada.

Caution Concerning Forward-Looking Statements
Certain statements made in this news release are forward-looking statements,
including, but not limited to, statements relating to the expected timing and
completion of the proposed sale of MTN Debentures, the intended use of the net
proceeds of such sale and other statements that are not historical facts.
Forward-looking statements, by their very nature, are subject to inherent risks
and uncertainties and are based on several assumptions, both general and
specific, which give rise to the possibility that actual results or events could
differ materially from our expectations expressed in or implied by such
forward-looking statements. As a result, we cannot guarantee that any
forward-looking statement will materialize and we caution you against relying on
any of these forward-looking statements. The forward-looking statements
contained in this news release describe our expectations at the date of this
news release and, accordingly, are subject to change after such date. Except as
may be required by Canadian securities laws, we do not undertake any obligation
to update or revise any forward-looking statements contained in this news
release, whether as a result of new information, future events or otherwise.
Forward-looking statements are provided herein for the purpose of giving
information about the proposed offering referred to above. Readers are cautioned
that such information may not be appropriate for other purposes. The timing and
completion of the above-mentioned proposed sale of the MTN Debentures is subject
to customary closing terms and other risks and uncertainties. Accordingly, there
can be no assurance that the proposed sale of the MTN Debentures will occur, or
that it will occur at the expected time indicated in this news release.

About Bell
Bell is Canada's largest communications company, providing consumers and
business customers with wireless, TV, Internet, home phone and business
communications services. Bell Media is Canada's premier multimedia company with
leading assets in television, radio, out of home, and digital media. Bell is
wholly owned by Montréal's BCE Inc. (TSX, NYSE: BCE). For more information,
please visit Bell.ca.

The Bell Let's Talk initiative promotes Canadian mental health with national
awareness and anti-stigma campaigns, like Clara's Big Ride for Bell Let's Talk
and Bell Let's Talk Day, and significant Bell funding of community care and
access, research, and workplace initiatives. To learn more, please visit
Bell.ca/LetsTalk.

Media inquiries:

Jean Charles Robillard
Bell Communications
(514) 870-4739
jean_charles.robillard@bell.ca

Investor inquiries:

Thane Fotopoulos
BCE Investor Relations
(514) 870-4619
thane.fotopoulos@bell.ca


“Notwithstanding any reference to BCE Inc.’s Web site on the World Wide Web in
the documents attached hereto, the information contained in BCE Inc.’s site or
any other site on the World Wide Web referred to in BCE Inc.’s site is not a
part of this Form 6-K and, therefore, is not furnished to the Securities and
Exchange Commission.”