Purchaser Responds to BCE's Demand for Termination Fee BCE Inc.

BCE Acquisition Inc. ("Purchaser") issued the following statement in response to today's demand by BCE Inc. (TSX, NYSE: BCE) that the Purchaser pay BCE a C$1.2 billion termination fee due to the failure of the privatization transaction to close.

"It is most unfortunate that BCE is threatening litigation over the failure of a mutual closing condition that the company insisted be included in the original acquisition agreement. It is very clear that neither party has a right to a termination fee in these circumstances. Should BCE commence such baseless litigation, we are confident that it would not succeed."

SOURCE: BCE Acquisition Inc.

Ontario Teachers' Pension Plan Deborah Allan, 416-730-5347 or Providence Equity Partners George Sard/Andrew Cole 212-687-8080/415-618-8750 or Madison Dearborn Partners The Abernathy MacGregor Group Chuck Dohrenwend, 212-371-5999