Nortel Networks - Blocklisting Interim Reviews

RNS Number:8163D
Nortel Networks Corp
14 January 2000

                    BLOCKLISTING SIX MONTHLY REVIEW


1. NAME OF COMPANY:    Nortel Networks Corporation

   
2. NAME OF SCHEME:     Nortel Networks Corporation Dividend Reinvestment Plan


3. PERIOD OF RETURN:   FROM:  01/07/99     TO:  31/12/99


4. NUMBER AND CLASS OF SHARES(S)
   (AMOUNT OF STOCK/DEBT SECURITY)        15,796,800
   NOT ISSUED UNDER SCHEME
   AT END OF THE LAST PERIOD:


5. NUMBER OF SHARES ISSUED/ALLOTTED       33,873
   UNDER SCHEME DURING PERIOD:


6. BALANCE UNDER SCHEME NOT YET ISSUED/   15,762,927
   ALLOTTED AT END OF PERIOD:



7. NUMBER AND CLASS OF SHARE(S) 
   (AMOUNT OF STOCK/DEBT SECURITIES)      (See Schedule A below for details)
   ORIGINALLY LISTED AND THE DATE OF
   ADMISSION:


PLEASE CONFIRM TOTAL NUMBER OF SHARES IN ISSUE AT THE END OF THE PERIOD
IN ORDER FOR US TO UPDATE OUR RECORDS.

                                204,106,910 under all plans
                              1,377,154,698 total shares issued and outstanding

CONTACT FOR QUERIES

NAME:                 Karen E McCarthy
TELEPHONE:            905-863-1192


                      Nortel Networks Corporation
                      Dividend Reinvestment Plan

                            Schedule A

June 1984                                   (original listing amount)

December 1986                                   2 500 000

May 1987                                        2 500 000  (stock split)

March 1989                                      7 000 000

May 1994                                        5 000 000

January 1998                                    4 006 652  (stock split)

August 1999                                    67,000,000  (stock dividend)



                    BLOCKLISTING SIX MONTHLY REVIEW


1. NAME OF COMPANY:    Nortel Networks Corporation

   
2. NAME OF SCHEME:     Nortel Networks Corporation 1986 Stock Option Plan
                       As amended and restated


3. PERIOD OF RETURN:   FROM:  01/07/99     TO:  31/12/99


4. NUMBER AND CLASS OF SHARES(S)
   (AMOUNT OF STOCK/DEBT SECURITY)        48,064,728 (pre-dividend)
   NOT ISSUED UNDER SCHEME
   AT END OF THE LAST PERIOD:


5. NUMBER OF SHARES ISSUED/ALLOTTED      1,091,261  July 1 to August 17
   UNDER SCHEME DURING PERIOD:                      (pre-dividend)
                                        10,186,783  August 18 to December 31
                                                    (post-dividend)
                                        11,278,044


6. BALANCE UNDER SCHEME NOT YET ISSUED/   179,544,351  (see Schedule B)
   ALLOTTED AT END OF PERIOD:



7. NUMBER AND CLASS OF SHARE(S) 
   (AMOUNT OF STOCK/DEBT SECURITIES)      (See Schedule A below for details)
   ORIGINALLY LISTED AND THE DATE OF
   ADMISSION:


PLEASE CONFIRM TOTAL NUMBER OF SHARES IN ISSUE AT THE END OF THE PERIOD
IN ORDER FOR US TO UPDATE OUR RECORDS.

                                204,106,910 under all plans
                              1,377,154,698 total shares issued and outstanding

CONTACT FOR QUERIES

NAME:                 Karen E McCarthy
TELEPHONE:            905-863-1192







                           Nortel Networks Corporation
                 1986 Stock Option Plan As Amended and Restated

                                   Schedule A

July 1986                                   1 000 000
May 1987                                    1 000 000 (stock split)
April 1988                                  8 000 000
June 1993                                   7 000 000
January 1995                                8 000 000
January 1997                               10 000 000
January 1998                               35,000,000 (stock split)
August 1999                                70,000,000 (stock dividend)
November 1999                              94,859,020

Sub-Total                                 234,859,020

Nortel Networks NA Inc. (formerly Bay Networks, Inc.)
Stock Options assumed by Nortel Networks Corporation,
in connection with the acquisition of Bay Networks, Inc.
on August 31, 1998                                       47,287,800

Stock Options assumed by Nortel Networks Corporation
in connection with the acquisition of Periphonics 
Corporation in November, 1999.                             925,180

Total:                                                  
                                                        283,072,000


                          Nortel Networks Corporation
                 1986 Stock Option Plan As Amended and Restated

                                     Schedule B

48,064,728       number of common shares not issued at end of last period

(1,091,261)      common shares issued under the Nortel Stock Plan
                 from July 1 - August 17, 1999

46,973,467       number of common shares not issued on August 17, 1999

+ 46,973,467     additional listing of common shares in connection with the
                 stock dividend

93,946,934       number of common shares available for issuance under the
                 Nortel Stock Option Plan

(10,186,783)     common shares issued under the Nortel Stock Option Plan
                 August 18 -December 31, 1999

83,760,151

94,859,020       new listing of common shares available for issuance under the
                 Nortel Stock Option Plan

 925,180         listing of common shares in connection with the assumption of
                 the Periphonies Stock Option Plan

179,544,351


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