Nortel Networks - Re Grants of Option
November 17 1999 - 11:12AM
UK Regulatory
RNS Number:8846A
Nortel Networks Corporation
15 November 1999
NORTEL NETWORKS CORPORATION
1986 STOCK OPTION PLAN AS AMENDED AND RESTATED
Nortel Networks Corporation (the "Corporation") hereby confirms the following
grants of options ("Options") to purchase common shares of the Corporation
issued pursuant to the Nortel Networks Corporation 1986 Stock Option Plan as
Amended and Restated (the "Plan"):
Date of Number of Exercise price Expiry Date
Grant Options US$ CDN$
Oct 18, 1999 75,000 51.84 Oct 17, 2009
Oct 28, 1999 2,697,905 59.69 87.87 Oct 27, 2009
Although the Exchange does not require notice of the grant of Options, we are
providing you with this information as a courtesy because the Corporation is
required to provide such notice to The Toronto Stock Exchange and the Montreal
Exchange.
END
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