Ms. Krishna Somers reports

BCE REPORTS RESULTS OF CONVERSION OF ITS SERIES R PREFERRED SHARES INTO SERIES Q PREFERRED SHARES

None of BCE Inc.'s fixed rate cumulative redeemable first preferred shares, Series R, will be converted into floating rate cumulative redeemable first preferred shares, Series Q, on Dec. 1, 2025.

On Oct. 17, 2025, BCE notified holders of Series R preferred shares that they could elect to convert their shares into Series Q preferred shares subject to the terms and conditions attached to those shares. Only 6,025 of BCE's 7,115,900 Series R preferred shares were tendered for conversion on Dec. 1, 2025, into Series Q preferred shares. As this would result in there being less than one million Series Q preferred shares outstanding, no Series R preferred shares will, as per the terms and conditions attached to those shares, be converted on Dec. 1, 2025, into Series Q preferred shares. Shareholders who had elected to convert their Series R preferred shares will be receiving, by Dec. 1, 2025, share certificates representing the number of Series R preferred shares tendered for conversion.

The Series R preferred shares will continue to be listed on the Toronto Stock Exchange under the symbol BCE.PR.R. The Series R preferred shares will pay on a quarterly basis, for the five-year period beginning on Dec. 1, 2025, as and when declared by the board of directors of BCE, a fixed cash dividend based on an annual dividend rate of 4.733 per cent.

About BCE Inc.

BCE is Canada's largest communications company, leading the way in advanced fibre and wireless networks, enterprise services, and digital media. By delivering next-generation technology that leverages cloud-based and AI-driven solutions, the company is keeping customers connected, informed and entertained while enabling businesses to compete on the world stage.