and (b) risks and uncertainties associated with: limitations on actions against any Debtor during the Creditor Protection Proceedings; the values, if any, that will be prescribed pursuant to any court approved plan to outstanding Nortel securities and, in particular, that Nortel does not expect that any value will be prescribed to the NNC common shares or the NNL preferred shares in any such plan; the delisting of NNC common shares from the NYSE; the delisting of NNC common shares and NNL preferred shares from the TSX; the discontinuance of preparing and filing NNC and NNL's quarterly and annual financial statements and related filings under Canadian and/or U.S. securities laws; and the cease trade orders that have been, or may in the future be, issued by the Canadian Securities Administrators to prohibit trading in securities of NNC and NNL by reason of NNC and NNL's failure to file their respective financial statements and related disclosure filings for the third quarter of 2012 or future periods by the required filing deadlines; and (ii) risks and uncertainties relating to Nortel's remaining restructuring work including fluctuations in foreign currency exchange rates; the sufficiency of workforce and cost reduction initiatives; any adverse legal judgments, fines, penalties or settlements related to any significant pending or future litigation actions; failure to maintain integrity of Nortel's information systems; and Nortel's potential inability to maintain an effective risk management strategy.
For additional information with respect to certain of these and other factors, see Nortel's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC, although readers are cautioned that such flings are not current and, therefore, do not reflect developments subsequent thereto. Unless otherwise required by applicable securities laws, Nortel disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
(i)Nortel, the Nortel logo and the Globemark are trademarks of Nortel Networks.
NOTICE OF CLOSURE OF SHARE TRANSFER REGISTERS
TO: THE HOLDERS OF NORTEL NETWORKS CORPORATION COMMON SHARES CUSIP Number: 656568 50 8AND TO: THE HOLDERS OF NORTEL NETWORKS LIMITED CUMULATIVE REDEEMABLE CLASS A PREFERRED SHARES, SERIES 5 CUSIP Number: 656569 30 8 - and - NON-CUMULATIVE REDEEMABLE CLASS A PREFERRED SHARES, SERIES 7 CUSIP Number: 656569 40 7
NOTICE IS HEREBY GIVEN that, effective as of 5:00 p.m. (E.S.T.) on June 28, 2013 (the "Effective Time"), Nortel Networks Corporation ("NNC") will close the share transfer register for its Common Shares (the "NNC Common Shares") and Nortel Networks Limited ("NNL", and together with NNC, "Nortel") will close the respective share transfer registers for its Cumulative Redeemable Class A Preferred Shares, Series 5 and Non-Cumulative Redeemable Class A Preferred Shares, Series 7 (collectively, the "NNL Preferred Shares") and, thereafter, Nortel will no longer accept or register transfers of NNC Common Shares and NNL Preferred Shares. In addition, as of the Effective Time, Computershare Trust Company of Canada will cease acting as registrar and transfer agent of the NNC Common Shares and the NNL Preferred Shares.
Holders of NNC Common Shares or NNL Preferred Shares may contact the following automated telephone hotline for further information: 1 800 834 9814.
In addition, a "Nortel Shareholders Frequently Asked Questions" document has been posted on the Restructuring Document Centre website of Ernst & Young Inc., the court-appointed monitor in Nortel's Canadian creditor protection proceedings, which may be accessed at: www.ey.com/ca/nortel. This document is also available on Nortel's website at: www.nortel-canada.com.
Dated: June 20, 2013
ERNST & YOUNG INC.In its capacity as Monitor ofNortel Networks Corporation andNortel Networks Limited