April 6, 2009

Nortel Networks Corp. announced that David I. Richardson has been appointed to both its board of directors as well as that of Nortel Networks Ltd.

Richardson served as the Canadian National Managing Partner of the
Corporate Finance practice of Ernst & Young LLP, and as the senior
partner in the firm’s Corporate Recovery and Restructuring practice
until his retirement from the partnership in 2002. He has extensive
experience advising organizations with respect to business and
financial restructurings and has provided such advice to governments,
regulators, lenders and major public and private corporations
throughout his career. He currently serves as a director and chair of
the Audit Committee of the Board of Directors of ACE Aviation Holdings,
and as a director and chair of the Board of Directors of Air Canada.

Meantime, Dr. Manfred Bischoff has stepped down from the boards of directors of Nortel Networks Corp. and Nortel Networks Ltd.

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