Proceedings

Notice from the
Office of the Secretary

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

March 27, 2006


IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, C. S.5, AS AMENDED

- AND -  

IN THE MATTER OF CERTAIN DIRECTORS, OFFICERS

AND INSIDERS OF NORTEL NETWORKS CORPORATION
AND NORTEL NETWORKS LIMITED
(BEING THE PERSONS AND COMPANIES LISTED IN SCHEDULE "A" HERETO)

TORONTO – The Office of the Secretary issued a Notice of Hearing scheduling a hearing on April 10, 2006 at 10:00 a.m. in the above noted matter.

A copy of the Notice of Hearing, together with Staff's Statement of Allegations, are available at www.osc.gov.on.ca

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY

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