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

April 10, 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

TORONTO – Following a hearing held today, the Commission issued a final Order under paragraphs 2 and 2.1 of subsection 127(1) of the Act that all trading in and acquisitions of securities of Nortel Networks Corporation and Nortel Networks Limited , whether direct or indirect, by any of the Respondents cease until two business days following the receipt by the Commission of all filings Nortel Networks Corporation and Nortel Networks Limited are required to make pursuant to Ontario securities laws.

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

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY

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