This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled "Caution Regarding Forward-Looking Statements" later in this news release. The information contained in this news release is unaudited.

Consolidated adjusted EBITDA1 growth of 2.1% in Q3 2024 compared to Q3 2023 delivering 1.7 percentage-point increase in adjusted EBITDA margin2 to 45.6% – highest quarterly margin in more than three decadesNet loss of $1,191 million with net loss attributable to common shareholders of $1,237 million, or $1.36 per common share attributable to approximately $2.1 billion in non-cash media asset impairment charges; adjusted net earnings1 of $688 million yielded adjusted EPS1 of $0.75, down 7.4%Free cash flow1 increased 10.3% to $832 million; cash flows from operating activities down 6.1% to $1,842 million158,412 total mobile phone and connected device net activations3, including highest quarterly prepaid net activations in five years of 69,085, up 187% 42,415 total retail Internet net subscriber activations3 contributed to 5% Internet revenue growth – best quarterly growth rate since Q2 2023 Bell Media revenue up 10.1% with 25.1% adjusted EBITDA growth; digital revenue4 up 19% as digital platforms and advertising technology continue to drive strong growth Updating 2024 revenue guidance to reflect lower-than-anticipated product revenue and sustained competitive wireless pricing pressures; all other financial guidance targets for 2024 remain unchanged