Nortel Networks Corporation – 114
April 13, 2010
The CRA has been consulted regarding the foreign service earnings issue and the preliminary response was positive. The CRA is open to discussing the matter and to receiving written submissions. We are encouraged by CRA’s willingness to listen and are hopeful that ultimately it will agree that foreign service earnings can be included in determining your pension from Nortel’s registered pension plan. However, there is no certainty at this point concerning resolution of this matter. We expect to meet with the CRA in May and will provide a further up-date after that meeting.