This circular contains forward-looking statements including, without limitation, statements relating to our
approach to compensation (including in relation to pension matters), BCEs 2024 annualized common share dividend, our environmental, social and governance (ESG) objectives, (which include, without limitation, our objectives concerning
diversity, equity, inclusion and belonging, including targets for representation on the Board and in management, our targeted reductions in the level of our GHG emissions, including, without limitation, our carbon neutrality (scope 1 and
2 only) target, community investment, corporate governance and ethical business conduct), the transition process with our existing auditors to new auditors, the expected composition of the Board and its committees after the meeting, BCEs
business outlook, objectives, plans and strategic priorities, and other statements that do not refer to historical facts. A statement we make is forward-looking when it uses what we know and expect today to make a statement about the future.
Forward-looking statements are typically identified by the words assumption, goal, guidance, objective, outlook, project, strategy, target, commitment and other similar expressions or future or conditional verbs such as aim, anticipate,
believe, could, expect, intend, may, plan, seek, should, strive and will. All such forward-looking statements are made pursuant to the safe harbour provisions of applicable Canadian securities laws and of the United States Private
Securities Litigation Reform Act of 1995.
Unless otherwise indicated by us, forward-looking statements in this circular describe our expectations
as at March 7, 2024 and, accordingly, are subject to change after that date. Except as may be required by applicable securities laws, we do not undertake any obligation to update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
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 and that our
business outlook, objectives, plans and strategic priorities may not be achieved. These statements are not guarantees of future performance or events, and we caution against relying on any of these forward-looking statements. Forward-looking
statements are presented in this circular for the purpose of assisting investors and others in understanding our objectives, strategic priorities and business outlook as well as our anticipated operating environment. Readers are cautioned, however,
that such information may not be appropriate for other purposes.
We have made certain economic, market, operational and other assumptions in preparing the forward-looking
statements contained in this circular, which include, without limitation, the assumptions described in the various sub-sections of BCEs MD&A dated March 7, 2024 entitled Assumptions,
which sub-sections are incorporated by reference in this cautionary statement. Subject to various factors, we believe that our assumptions were reasonable at March 7, 2024. If our assumptions turn out to
be inaccurate, actual results or events could be materially different from what we expect.
Important risk factors that could cause actual results or
events to differ materially from those expressed in, or implied by, the previously-mentioned forward-looking statements and other forward-looking statements contained in this circular include, but are not limited to, the risks described in
section 9, Business risks of BCEs MD&A dated March 7, 2024, which section is incorporated by reference in this cautionary statement.
Forward-looking statements contained in this circular for periods beyond 2024 involve longer-term assumptions and estimates than forward-looking
statements for 2024 and are consequently subject to greater uncertainty. Forward-looking statements for periods beyond 2024 further assume, unless otherwise indicated, that the risks described in section 9, Business risks of BCEs
MD&A dated March 7, 2024 will remain substantially unchanged during such periods.
We caution readers that the risk factors described in
the previously-mentioned section and in other sections of BCEs MD&A dated March 7, 2024 are not the only ones that could affect us. Additional risks and uncertainties not currently known to us or that we currently deem to be
immaterial may also have a material adverse effect on our business, financial condition, liquidity, financial results or reputation. We regularly consider potential acquisitions, dispositions, mergers, business combinations, investments,
monetizations, joint ventures and other transactions, some of which may be significant. Except as otherwise indicated by us, forward-looking statements do not reflect the potential impact of any such transactions or of special items that may be
announced or that may occur after March 7, 2024. The financial impact of these transactions and special items can be complex and depends on facts particular to each of them. We therefore cannot describe the expected impact in a meaningful way,
or in the same way we present known risks affecting our business.