Banks Comment on Canadian Supreme Court Ruling in BCE Case

    NEW YORK, June 20 /CNW/ - Citigroup, Deutsche Bank, Royal Bank of
Scotland and Toronto-Dominion Bank, the four banks which have committed to
financing the debt portion of BCE, Inc.'s sale to a consortium of investors
including Ontario Teacher's Pension Plans, Providence Equity Partners, Madison
Dearborn Partners and Merrill Lynch Global Private Equity, commented on
today's ruling by the Canadian Supreme Court:
    "The banks expect that the transaction will close in accordance with the
Definitive Agreement between BCE and the sponsors.  We continue to negotiate
the financing documents in good faith with the sponsors and stand behind our
original commitment to the transaction."

    Contact Information:
    For Banks:
    Kekst and Company

    Dawn Dover

    Micheline Tang
    Scotland; Toronto-Dominion Bank

For further information:

For further information: Dawn Dover, (212) 521-4817 or Micheline Tang,
(212) 521-4872, both of Kekst and Company for Banks

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