Banks Comment on Canadian Supreme Court Ruling in BCE Case

NEW YORK, June 20 /PRNewswire/ -- 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
  212-521-4817

  Micheline Tang
  212-521-4872

CONTACT: Dawn Dover, +1-212-521-4817 or Micheline Tang, +1-212-521-4872, both of Kekst and Company for Banks

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