As of March 31, 2021, the Series AM Preferred Shares will, should they remain outstanding, pay, on a quarterly
basis, as and when declared by the Board of Directors of BCE Inc., a fixed cash dividend for the following five
years that will be based on a fixed rate equal to the sum of: (a) the yield to maturity compounded semiannually (the “Government of Canada Yield”), computed on March 1, 2021 in accordance with the articles of
BCE Inc., of a Canadian dollar denominated non-callable Government of Canada bond with a term to
maturity of five years, and (b) 2.09%. The “Government of Canada Yield” computed on March 1, 2021 is
0.849%. Accordingly, the annual fixed dividend rate applicable to the Series AM Preferred Shares for the
period of five years beginning on March 31, 2021 will be 2.939%.

As of March 31, 2021, the Series AN Preferred Shares will, should they remain outstanding, continue to pay, for
each quarterly period, as and when declared by the Board of Directors of BCE Inc., a quarterly floating
dividend rate equal to the “Floating Quarterly Dividend Rate” for such quarterly period. The “Floating
Quarterly Dividend Rate” for any such quarterly period shall be equal to the rate, expressed as a percentage,
equal to the sum of: (a) the “T-Bill Rate”, calculated in accordance with the articles of BCE Inc. on the 30th day
prior to the first day of the new quarterly period, and (b) 2.09%, calculated on the basis of the actual number
of days in such quarterly period divided by 365. The “T-Bill Rate” means, for any quarterly period, the
average yield expressed as a percentage per annum on three-month Government of Canada Treasury Bills,
as reported by the Bank of Canada, for the most recent treasury bills auction preceding the applicable
calculation date. The “Floating Quarterly Dividend Rate” computed on March 1, 2021 and applicable to the
Series AN Preferred Shares for the quarterly period from and including March 31, 20

BCE reports 2020 Q4 and full-year results.  5.1% increase in our common share dividend

Today, BCE is proud to announce a significant acceleration in network capital investment to support Canada’s recovery from the social and economic impacts of COVID-19 alongside a 5.1% increase in our common share dividend. These initiatives reflect our commitment to lead the buildout of Canada’s next-generation digital infrastructure while also delivering increased dividend returns to the shareholders who have invested in Bell’s strategy of broadband innovation and growth

• Net earnings increased 28.9% to $932 million in Q4 with net earnings attributable to common shareholders of $889 million, or $0.98 per common share, up 32.3%; Q4 adjusted net earnings of $731 million generated adjusted EPS of $0.81, down 5.8%
• Achieved approximately 96% of 2019 service revenue and adjusted EBITDA in 2020 and sequential quarterly improvement in Q4 despite ongoing COVID-19 impacts
• Adjusted EBITDA down 3.2% in Q4 on 2.8% lower revenue and 2.6% reduction in operating costs
• 92,928 total wireless postpaid net additions in Q4; postpaid mobile phone net additions of 86,590 up 27% year over year
• Leading broadband wireline subscriber results in Q4: retail Internet net additions increase 25% to 44,512 with 12% Internet revenue growth; 21,106 IPTV net additions
• Over 6 million combined direct fibre and rural Wireless Home Internet locations at end of 2020, expected to grow to up to 6.9 million in 2021 with enhanced capital plan as Canada’s fastest 5G network doubles population coverage
• Strong financial position with $3.8 billion of available liquidity at end of 2020
• Q4 cash flows from operating activities down 22% to $1,631 million; Q4 free cash flow of $92 million reflects $1.5 billion in capital investments, up 30% year over year; generated substantial free cash flow of $3.35 billion in 2020

BCE – Bell executives depart company after Wade Oosterman steps in as president

TORONTO — Just two days after Wade Oosterman took over as Bell Media’s president, the telecommunications company appears to have shaken up its upper ranks.

President of content and programming Michael Cosentino, senior vice-president of original programming Cornelia Coe, vice-president of regulatory affairs, content and distribution Kevin Goldstein and vice-president of strategic sales Mark Finney are no longer with the company, according to automated email responses.