September 12, 2012
We are pleased to advise that BCE Inc. has filed its application to the Superintendent of Financial Services to withdrawal surplus from the BCE Inc. Pension Plan pursuant to the Surplus Sharing Proposal previously approved by the members of the Sharing Group. This application is currently being reviewed by the regulator and we are now awaiting regulatory approval. Once regulatory approval is received, BCE will be in a position to commence the surplus distribution process in accordance with the Surplus Sharing Agreement. We are hopeful that FSCO will approve the application by year end, 2012 and, if that occurs, the surplus distribution should be made in the first quarter of 2013.