BCI Announces Results of Claims Identification Process.

MONTREAL -- Bell Canada Inc. ("BCI") (NEX BOARD:BI.H) announced today that the claims identification period established in connection with BCI's plan of arrangement, and in anticipation of a planned initial distribution to shareholders in the second quarter of 2006, was concluded on November 30, 2005. The claims procedure principally covered claims arising between June 1, 2003 and October 18, 2005, as well as contingent or unliquidated claims of any nature outstanding on October 18, 2005. Those who did not submit the appropriate forms by November 30, 2005 are now forever barred from making claims in the future against BCI. A total of five claims were submitted for approximately $5.9 million. Three of the claims related to employment matters, one of which, in the amount of $5.5 million, was previously disclosed by BCI in its public disclosure documents and two of which represent non-material amounts. The other two claims were submitted by former holders of convertible debentures. All claims submitted will be reviewed by BCI and the Monitor, and the Monitor will make a report to the Ontario Superior Court of Justice upon completion of such review. BCI believes that the debentureholder claims will be ineligible and the employment related claims are either ineligible or overstated and will not be realized at their submitted amounts. BCI also believes that its financial statements at September 30, 2005 contained adequate provisions to cover the estimated exposures to the five claims submitted in this claims identification process.

BCI is operating under a court supervised Plan of Arrangement, pursuant to which BCI intends to monetize its assets in an orderly fashion and resolve outstanding claims against it in an expeditious manner with the ultimate objective of distributing the net proceeds to its shareholders and dissolving the company. BCI is listed on the NEX Exchange under the symbol BI.H. Visit our Web site at www.bci.ca.

Certain statements made in this press release describing BCI's intentions, expectations or predictions are forward-looking and are subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. BCI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Bell Canada International Inc. (NEX BOARD:BI.H)