[BELL AND BELL ALIANT LOGOS]
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 Canada and Bell Aliant announce approval of transaction to exchange Bell Aliant Notes for
Bell Canada Debentures
MONTRÉAL and HALIFAX, November 14, 2014 Bell Canada and Bell Aliant Regional Communications,
L.P. today announced that more than 99% of the votes cast at the meeting of holders of Medium Term
Notes and Floating Rate Medium Term Notes of Bell Aliant, voting as a single class, were in favour
of a transaction to exchange all such Bell Aliant Notes for Bell Canada Debentures having the same
financial terms (including with respect to coupon, maturity and redemption price) as those of the
Bell Aliant Notes.
All of the outstanding Bell Aliant Notes (as listed below) will therefore be subject to the note
exchange transaction:
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5.41% Medium Term Notes, Series 2, due September 26, 2016 |
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5.52% Medium Term Notes, Series 4, due February 26, 2019 |
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6.17% Medium Term Notes, Series 5, due February 26, 2037 |
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4.37% Medium Term Notes, Series 7, due September 13, 2017 |
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4.88% Medium Term Notes, Series 8, due April 26, 2018 |
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3.54% Medium Term Notes, Series 9, due June 12, 2020 |
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Floating Rate Medium Term Notes, Series 10, due April 22, 2016 |
As a result of the approval of the note exchange transaction at the meeting of holders of Bell
Aliant Notes voting as a single class at which quorum was present, Bell Aliant cancelled the
separate meetings that had been scheduled for holders of each series of Bell Aliant Notes, as
described in the information circular mailed to the holders of Bell Aliant Notes in connection with
the meetings.
Bell Aliant anticipates implementing the note exchange transaction before the end of November 2014.
The note exchange transaction is part of Bells strategy to simplify its capital structure and
enhance administrative efficiencies by concentrating public debt into a single issuer.
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 anticipated completion and timing of the note exchange
transaction. All such forward-looking statements are made pursuant to the safe harbour provisions
of applicable Canadian and United States securities laws.
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
as of November 14, 2014 and, accordingly, are subject to change after such date. Except as may be
required by applicable 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.
The completion and timing of the note exchange transaction are subject to certain conditions and
Bell Aliants discretion as to the completion thereof. Accordingly, there can be no assurance that
the note exchange transaction will be completed.
For additional information on assumptions and risks underlying certain of the forward-looking
statements made in this news release, please consult the section Risk Factors in the information
circular mailed to the holders of Bell Aliant Notes in connection with the meeting, which is
available on SEDAR at www.sedar.com and on the SECs website at www.sec.gov.
Notice to Bell Aliant Noteholders in the U.S.
This press release shall not constitute a solicitation with respect to any Bell Aliant Notes or an
offer to sell or a solicitation of an offer to buy any Bell Canada Debentures. Bell Canada and BCE
have submitted a Form CB to the SEC containing information relating to the note exchange
transaction described herein, including the Circular. Bell Aliant Noteholders in the United States
are urged to read the Form CB, the Circular and the Section entitled Notice to Bell Aliant
Noteholders in the United States contained therein and other relevant documents submitted or that
will be submitted to the SEC in connection with the note exchange transaction because they contain
important information about the transaction. A copy of the Form CB and Circular and other filings
containing information about Bell Canada and BCE may be obtained from the SECs website at
www.sec.gov.
About Bell Canada
Bell Canada provides consumers and business customers across the country with advanced
communications services including Bell Fibe TV and Bell Satellite TV, Fibe Internet, 4G LTE
wireless, home phone and business communications solutions. Bell Media is Canadas premier
multimedia company with leading assets in television, radio, out of home and digital media. Bell is
wholly owned by Montréals BCE Inc. (TSX, NYSE: BCE). For more information, please visit
Bell.ca.
About Bell Aliant
Headquartered in Halifax, Bell Aliant serves customers in New Brunswick, Newfoundland and Labrador,
Nova Scotia and Prince Edward Island with innovative information, communication and technology
services including voice, data, Internet, video and value-added business solutions including data
security and cloud computing. Bell Aliant services in Atlantic Canada include FibreOP TV and
Internet, Bell Satellite TV, and Home Phone. For more information, please visit
BellAliant.net.
Media inquiries:
Bell Canada
Jean Charles Robillard
(514) 870-4739
jeancharles.robillard@bell.ca
Bell Aliant
Jennifer MacIsaac
(902) 225-3704
jennifer.macIsaac@bellaliant.ca
Investor inquiries:
Thane Fotopoulos
BCE Investor Relations
(514) 870-4619
thane.fotopoulos@bell.ca
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