CAUTION REGARDING FORWARD-LOOKING STATEMENTS 

Certain statements made in the following presentation are forward-looking statements. These forward-looking statements include, but are not limited to, the proposed acquisition by Bell Canada of Ziply Fiber, the expected timing and completion thereof, the expected immediate and long-term financial benefits of the proposed acquisition including enhancement of BCE’s financial growth profile and accretive impact on BCE’s free cash flow and operating cash flow, Ziply Fiber’s expected revenues and adjusted EBITDA in 2025, Ziply Fiber’s target number of fibre passings by the end of 2028, BCE’s expanded fibre footprint and cost synergies expected to result from the proposed acquisition, the estimated total cash financing requirement at closing and the sources of liquidity we expect to use to fund the proposed acquisition, BCE’s expected net debt leverage ratio upon the closing of the proposed acquisition, BCE’s intention to maintain its annual common share dividend at the current level during 2025 and the potential future resumption of common share dividend growth, potential future issuances by BCE of new common shares pursuant to its intended discounted treasury Shareholder Dividend Reinvestment and Stock Purchase Plan (DRP), the expected timing of commencement thereof and the anticipated benefits expected to result from such equity issuances, such as the expectation that the intended discounted treasury DRP will support the improvement of BCE’s dividend payout ratio and deleveraging plans, the maintenance of Bell’s long-term debt investment-grade credit ratings, certain potential benefits expected to result from the proposed acquisition, BCE’s growth prospects, business outlook, objectives, plans and strategic priorities, and other statements that are not historical facts.

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. Forward-looking statements are subject to inherent risks and uncertainties and are based on several assumptions which give rise to the possibility that actual results or events could differ materially from our expectations. These statements are not guarantees of future performance or events, and we caution you against relying on any of these forward-looking statements. The forward-looking statements contained in the following presentation describe our expectations at November 4, 2024 and, accordingly, are subject to change after such date. Except as may be required by applicable securities laws, we do not undertake any obligation to update or revise any forward-looking statements contained in the following presentation, whether as a result of new information, future events or otherwise. The timing and completion of the proposed acquisition of Ziply Fiber are subject to customary closing conditions, termination rights and other risks and uncertainties including, without limitation, relevant regulatory approvals such as approval by the Federal Communications Commission (FCC) and approvals by state Public Utilities Commissions (PUCs), which may affect its completion, terms or timing. Accordingly, there can be no assurance that the proposed acquisition will occur, or that it will occur on the terms and conditions, or at the time, contemplated in the following presentation. The proposed acquisition could be modified, restructured or terminated. There can also be no assurance that the potential benefits expected to result from the proposed acquisition will be realized. In addition, the level of BCE’s common share dividend, its dividend policy and the declaration of dividends are subject to the discretion of BCE’s board of directors. Consequently, there can be no assurance that BCE’s common share dividend level will be maintained or increased, that BCE’s dividend payout policy will be maintained or achieved or that dividends will be declared. The level of BCE’s common share dividend and the declaration of dividends by the BCE board, as well as the maintenance of investment-grade credit ratings and BCE’s deleveraging capacity, are ultimately dependent on BCE’s operations and financial results, which are in turn subject to various assumptions and risks, including those described in BCE’s public disclosure documents. For additional information on assumptions and risks underlying certain of our forward-looking statements made in the following presentation, please consult BCE’s 2023 Annual MD&A dated March 7, 2024, BCE's 2024 First Quarter MD&A dated May 1, 2024, BCE's 2024 Second Quarter MD&A dated July 31, 2024 and BCE's news release dated August 1, 2024 announcing its financial results for the second quarter of 2024, filed with the Canadian provincial securities regulatory authorities (available at Sedarplus.ca) and with the U.S. Securities and Exchange Commission (available at SEC.gov). These documents are also available at BCE.ca.