Proceedings

News Release
Communiqué

Ontario

Ontario Securities
Commission


20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8
Commission des valeurs mobilières de l'Ontario

FOR IMMEDIATE RELEASE

May 31, 2004


NOTICE OF THE OFFICE OF THE SECRETARY  

IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, as amended

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IN THE MATTER OF
CERTAIN DIRECTORS, OFFICERS AND INSIDERS OF
NORTEL NETWORKS CORPORATION AND NORTEL NETWORKS LIMITED

(BEING THE INDIVIDUALS AND ENTITIES LISTED
IN SCHEDULE "A" HERETO)  

TORONTO - The Commission signed an Order today in the above matter.

A copy of the Order is available at www.osc.gov.on.ca.

OFFICE OF THE SECRETARY
DAISY ARANHA
A/SECRETARY

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