Current and future directions

Mirko Bibic, EVP and Chief Legal and Regulatory Officer

May 27, 2014

| May 27 2014 2

Same company ... just totally different

7% 8%

12% 15%

25% 33%

Home

Phone

Business

Voice

TV Media Internet & Data Wireless

Home Phone will generate just 7% of revenue in 2014

| May 27 2014 3

Canada’s largest communications company

Customer connections:

21+ Million

Revenues:

$20+ Billion

Enterprise value:

$62 Billion

Nationwide team:

55,500

One of the most widely

held stocks in Canada

| May 27 2014 4

Canada’s most recognized brands

Out of

Home

Conventional

TV Specialty

and Pay TV

Radio

Bell Media Bell

Wireless

Bell

Wireline Sports

| May 27 2014 5

2013 financial summary

Actual Target Result

Revenue growth 2.6% 2% - 4%

EBITDA growth 3.4% 3% - 5%

Capital Intensity 16.6% 16% - 17%

Adjusted EPS $2.99 $2.97 - $3.03

Free Cash Flow growth 5.9% 5% - 9%

Achieved all 2013 financial guidance targets

| May 27 2014 6

6 Strategic Imperatives

6 Accelerate Wireless

2 Achieve a Competitive Cost Structure

3 Invest in Broadband Networks & Services

1 Improve Customer Service

4 Leverage Wireline Momentum

Our goal To be recognized

by customers

as Canada’s

leading

communications

company

5 Expand Media Leadership

| May 27 2014 7

BCE leads in next-generation technologies

Data hosting centres

Fibe TV and Fibe Internet expansion

Nimiq 6 Satellite

LTE and HSPA+

Integrated Broadcast

Management System

Invested more than $16 Billion in new technology in past 5 years

| May 27 2014 8

95 of Canada’s top 100 powered by Bell

Retail

Government

Banks

Industry

| May 27 2014 9

Unmatched commitment to wireless growth

Canada’s wireless industry rivals the best in the world

Source: Nanos Research

• Billions invested every year

• Competitive consumer pricing

• Fastest speeds

• National coverage

• Affordable roaming worldwide

• World-leading wireless networks

Source: Bank of America Merrill Lynch, Global Wireless Matrix, April 2014

Source: OECD Communications 2013

| May 27 2014 10

Apple iPhone 5S

Best devices and coverage Samsung Galaxy S5 HTC One M8 Apple iPad Mini

Google Nexus 5

Samsung

Galaxy Note 3

Sony Xperia Z2

74% of Bell postpaid customers have smartphones

Driving innovations

| May 27 2014 11

RBC and TD mobile payments

with Bell

• Smartphone is the new wallet

• Tap and pay quickly, easily and

securely

• Same security as plastic cards

Undisputed Mobile TV

leadership

• Superphones and tablets with

30 live TV channels

• 1.3 million Bell Mobile TV

subscribers

| May 27 2014 12

Bell Media: In the average week, we reach …

22.8 million General

viewers

14.5 million Sports

viewers

11.6 million People

24.3 million Entertainment

viewers

17.4 million Radio

7.6 million News

viewers

13.4 million Online UV

(per month)

Unmatched choice for audiences across the country

| May 27 2014 13

Taking TSN to the next level

More choice 1 2

3 4 5

| May 27 2014 14

Strong history and commitment to Ottawa

$750 M Revenue

86% Fibe TV

capable homes

#1 TV and Radio

audience share

$150 M Invested in

Fibe network

$1.4 M+ Invested in

mental health

12 year Sens broadcast

agreement

Bell is Ottawa’s largest private sector employer

42 Retail

locations

| May 27 2014 15

New Fibe TV markets coming in 2014

Ottawa was Bell’s largest Fibe launch in 2013

Ontario Kingston

Kitchener / Waterloo

London

St. Catharines / Niagara

Québec Joliette, Gatineau

Sherbrooke

Vaudreuil / Valleyfield

May 12, 2014

Bell Fibe ranked #1

NEWS FLASH

Bell Let’s Talk

| May 27 2014 17

Our conversation started here

$1 million

Telemedicine Program

First major donation 2010 launch of nationwide program

| May 27 2014 18

Community partners

Strong focus on youth mental health

| May 27 2014 19

START March 14 Toronto

St. Thomas Chatham

Windsor

Sarnia

Kitchener Whitby

Gananoque

Sherbrooke

Saint John

Moncton

Halifax

Hamilton London

Peterborough

Cornwall

Montréal

Québec City

Les Escoumins

Rimouski

Edmundston

Fredericton

Summerside

Charlottetown

New Glasgow

Port Hawkesbury

Channel-Port

aux Basques

Stephenville

Trois-

Rivières

Saguenay

Matane

Truro

Corner

Brook

Woodstock

Springdale

Grand

Falls-Windsor

Gander

Clarenville

Bay

Roberts

St.

John’s

Hopedale Nain

Happy Valley-Goose Bay

Kuujjuaq

Iqaluit

Yellowknife

Oshawa Kingston

Les Bergeronnes

Baie -

Comeau

Rankin Inlet

Victoria

Nanaimo

Vancouver

Hope

Merritt

Kelowna

Grand Forks

Nelson

Creston

Cranbrook

Crowsnest Pass

Claresholm

Calgary

Edmonton

Vegreville

Lloydminster

Saskatchewan

Regina Osoyoos

Red Deer North

Battlefor

d

Moose

Jaw Weyburn

Brandon Winnipeg Dryden

Carlyle

Kenor

a

Upsala

Terrace Bay

Sault Ste. Marie

Blind River

Marathon

Wawa

Sudbury

Deep River

Arnprior

Thunder Bay

North Bay

Fort

McPherson

Eagle Plains

Engineer Creek

Tombstone

Mountain Dawson City

Whitehorse

Ends July 1 in

Ottawa

Q&A