Please Note:
The Company and Nortel Networks Limited effected the Third Restatement of our consolidated financial statements for the 2004 and 2003 fiscal years and the quarters ended March 31, June 30 and September 30, 2005, in our respective 2005 Annual Reports on Form 10-K/A and Form 10-K, respectively. Certain adjustments to our previously reported consolidated financial statements for fiscal 2002 and 2001 were also identified in connection with the Third Restatement. We believe we have included all information needed for current investor understanding in the financial statements that gave effect to the Third Restatement. The historical financial statements of the Company and NNL for the aforementioned restated periods and the 2002 and 2001 fiscal years and the auditors' reports thereon, as applicable, and the corresponding quarterly financial statements, should not be relied upon.

Last updated: March 25, 2009