All purchases of Common Shares pursuant to the Bid will be made in the discretion of BCE’s management and will be made on the open market through the facilities of The Toronto Stock Exchange (the “TSX”) or the New York Stock Exchange from time to time. Purchase and payment for the Common Shares will be made in accordance with the requirements of such exchanges.

BCE and any vendor of the Common Shares may be required to pay commissions to their respective brokers with respect to the purchase and sale of the Common Shares.

During the period that the Bid is outstanding, BCE does not intend to make purchases of its Common Shares pursuant to the Bid (other than by way of exempt offer) other than by means of open market transactions.

Consideration Offered

The price which BCE will pay for the Common Shares acquired pursuant to the Bid will be the market price of such Common Shares at the time of acquisition.

Reasons for the Bid

As a result of transactions which have recently been completed, BCE has funds available for which the purchase of Common Shares represents an appropriate use of corporate funds in light of potential benefits to remaining shareholders.

Valuation

The directors and officers of BCE, after reasonable enquiry, are not aware of any independent or material non-independent appraisal or valuation regarding BCE, its material assets or securities prepared within the two years preceding the date hereof.

Previous Purchases

In the past twelve months, BCE has not purchased any Common Shares.

Persons Acting Jointly or in Concert with BCE

To the best knowledge of BCE, no person is acting jointly or in concert with BCE in connection with the Bid.

Acceptance by Insiders, Affiliates and Associates

Except as set out below, to BCE’s knowledge, after reasonable enquiry, none of its directors, senior officers or any associate of any such persons, or person acting jointly or in concert with BCE or any person holding 10% or more of any class of equity securities of BCE currently intends to sell Common Shares of BCE during the course of the Bid. If any director, senior officer, or any of their associates or person acting jointly or in concert with BCE or any person holding 10% or more of any class of equity securities of BCE chooses to dispose of some or all of his, her or its Common Shares by selling such Common Shares in the open market during the course of the Bid, it may be that some or all of the Common Shares so sold will be acquired by BCE.

There is, however, no arrangement whereby BCE will accord any preference in respect of Common Shares held by any such persons nor is there any benefit, direct or indirect, to any such persons which is not equally available to any shareholder who sells (or retains) his Common Shares. BCE has no contracts,

Material Changes in the Affairs of the Issuer

There are no material changes or present plans or proposals for material changes in the affairs of BCE, other than as disclosed in this Notice or as previously disclosed to the public.

Certificate

The purchase of the Common Shares in accordance with the terms set out in this Notice has been authorized by the Board of Directors of BCE. The undersigned, authorized by the Board of Directors of BCE, hereby certifies that the information contained in this Notice is complete, accurate and in compliance with Part 6 of the Rules and Policies of the TSX . This Notice contains no untrue statement of a material fact and does not omit to state a material fact that is required to be stated or that is necessary to make a statement not misleading in the light of the circumstances in which it is made.