RNS No 3743f
NORTEL NETWORKS CORPORATION
20 August 1999


TO: COMPANY ANNOUNCEMENTS OFFICE

Further to our letter dated July 29, 1999 and in accordance with the terms and
conditions attaching to the Cumulative Redeemable Class A Preferred Shares
Series 4 of Nortel Networks Corporation (the "Series 4 shares"), please be
advised that the dividend on each Series 4 share declared payable September 15,
1999 to shareholders of record at the close of business on Septermber 14, 1999
is C$2,013.70


FROM: ELAINE J. DELIGDISCH
      

END

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