Ms. Ellen Murphy reports

BCE REPORTS RESULTS OF SERIES AE AND AF PREFERRED SHARE CONVERSIONS

A total of 8,050 of BCE Inc.'s 8,779,487 fixed-rate cumulative redeemable first preferred shares, Series AF, have been tendered for conversion on Feb. 1, 2025, on a one-for-one basis, into floating-rate cumulative redeemable first preferred shares, Series AE. In addition, 2,479,334 of its 5,810,913 Series AE preferred shares have been tendered for conversion on Feb. 1, 2025, on a one-for-one basis, into Series AF preferred shares. Consequently, excluding any Series AE preferred shares and Series AF preferred shares that may be purchased for cancellation by BCE pursuant to its normal course issuer bid between Jan. 21, 2025, and Feb. 1, 2025, 11,250,771 Series AF preferred shares and 3,339,629 Series AE preferred shares would be issued and outstanding on Feb. 1, 2025. The Series AF preferred shares and the Series AE preferred shares will continue to be listed on the Toronto Stock Exchange under the symbols BCE.PR.F and BCE.PR.E, respectively.

The Series AF preferred shares will pay on a quarterly basis, for the five-year period beginning on Feb. 1, 2025, as and when declared by the board of directors of BCE, a fixed cash dividend based on an annual fixed dividend rate of 5.496 per cent.

The Series AE preferred shares will continue to pay a monthly floating adjustable cash dividend for the five-year period beginning on Feb. 1, 2025, as and when declared by the board of directors of BCE. The monthly floating adjustable dividend for any particular month will continue to be calculated based on the prime rate for such month and using the designated percentage for such month representing the sum of an adjustment factor (based on the market price of the Series AE preferred shares in the preceding month) and the designated percentage for the preceding month.

About BCE Inc.

BCE is Canada's largest communications company, providing advanced Bell broadband Internet, wireless, TV, media and business communications services.