Ms. Michelle Michalak reports

BELL CANADA TO REDEEM SERIES M-18 DEBENTURES DUE FEBRUARY 2017

Bell Canada will redeem on Sept. 16, 2016, prior to maturity, all of its outstanding $700-million principal amount of 5-per-cent debentures, Series M-18, due Feb. 15, 2017.

The Series M-18 debentures will be redeemed at a price equal to $1,017.58 per $1,000 of principal amount of debentures, plus $4.384 for accrued and unpaid interest up to, but excluding, the date of redemption.

Notice of redemption will be delivered to the registered holder of the Series M-18 debentures in accordance with the terms of the governing trust indenture.