Mr. Jean Robillard reports

BELL CANADA ANNOUNCES REDEMPTION PRICE FOR SERIES M-36 DEBENTURES DUE APRIL 2018

BCE Inc.'s Bell Canada announced on Sept. 29, 2017, that it would redeem, effective on Oct. 9, 2017, prior to maturity, all of its outstanding $300-million principal amount of 4.88 per cent debentures, Series M-36, due April 26, 2018. Today, Bell Canada has determined the redemption price payable for the Series M-36 debentures according to the terms of such debentures.

The redemption price for the Series M-36 debentures must be equal to the greater of the Canada yield price and the principal amount of the Series M-36 debentures, together in each case with accrued and unpaid interest up to, but excluding, the redemption date. The Canada yield price, calculated today in accordance with the terms of the Series M-36 debentures, is $1,017.48 per $1,000 of principal amount. Accordingly, the Series M-36 debentures will be redeemed, effective on the redemption date at a price equal to $1,017.48 per $1,000 of principal amount of debentures plus $22.241 per $1,000 of principal amount composed of accrued and unpaid interest up to, but excluding, the redemption date and interest for the Oct. 9, 2017, banking holiday in Canada at the government of Canada yield (as determined under the terms of the Series M-36 debentures) plus 0.46 per cent. The redemption price and interest will be paid on Oct. 10, 2017.