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Date: Friday, March 10, 2006 Time: 8:00-9:00 AM ET Supplementary materials: News Release Financial Statements (PDF, 39 KB) Presentation (PDF, 617 KB) Get the plug-in*

Description: Nortel hosted a teleconference/audio webcast with the investment community.

• Financial restatements principally due to revenue incorrectly recognized in prior periods that should have been deferred
• Preliminary unaudited Q4 2005 results include revenues of $2.9 billion, net loss of $2.2 billion, including a $2.5 billion litigation expense, and cash balance of $3.0 billion
• Preliminary unaudited year 2005 results include revenues of $10.8 billion and net loss of $2.4 billion

	Mike Zafirovski, President & Chief Executive Officer
	Terry Glofcheskie, Vice President, Investor Relations
Webcast Be sure to test your ability to participate in a streaming media event. If you do not have RealPlayer (version 8 or higher), download Free RealPlayer.
Audio Conference Replay North America: 1-800-383-0935 International: 1-402-530-5545 Nortel Employees: ESN 250-5545 Passcode: 21285361# This playback will be available until April 6, 2006 at 5:00 p.m. ET Investor Contacts Investor Relations Nortel (888) 901-7286 (905) 863-6049 investor@nortel.com