Nortel Financial Analysts Teleconference; 8:30 a.m. Eastern; Wednesday, June 1, 2005.

TORONTO -- Nortel:

What:    Nortel will host a teleconference/audio webcast with the
         investment community to discuss First Quarter 2005 results.

Who:     Bill Owens, Vice Chairman and Chief Executive Officer
         Peter Currie, Executive Vice President and Chief Financial
           Officer
         Terry Glofcheskie, Investor Relations Officer

When:    8:30 a.m. ET, Wednesday, June 1, 2005

Where:   To participate via the teleconference, please call the
         following numbers at least 15 minutes prior to the start of
         the event.
           --  North America   1-888-211-4395
           --  International      1-212-231-6007
         To participate via the audio webcast, please visit the
         following webpage at least 15 minutes prior to the start of
         the event.
         www.nortel.com/q12005earnings

Replay:  You can listen to the replay at:
           --  North America   1-800-383-0935   Passcode:  21248030#
           --  International   1-402-530-5545   Passcode:  21248030#
         This replay is available until 5:00 p.m. ET on June 14, 2005.

         Audio webcast replay:
         www.nortel.com/q12005earnings

This is a solicitation from Nortel. You have received it because you asked to be included on the distribution list for periodic updates to Nortel investors and prospective investors. To unsubscribe from this distribution list, please send an e-mail message to Diane Jankowski ([e-mail]) with the word "unsubscribe" in the subject line. To unsubscribe to faxes, please contact Diane Jankowski 905-863-7901.