RNS Number:7063C
Nortel Networks Corp
16 December 1999


RE:  NORTEL NETWORKS CORPORATION
     1986 STOCK OPTION PLAN AS AMENDED AND RESTATED

Nortel Networks Corporation (the "Corporation") hereby confirms the following
grants of options ("Options") to purchase common shares of the Corporation
issued pursuant to the Nortel Networks Corporation 1986 Stock Option Plan as
Amended and Restated (the "Plan"):

Date of Grant      Number of        Exercise Price       Expiry Date
                   Options         US$        CDN$
Nov. 12, 1999      139,500         72.81                 Nov. 11, 2009
Nov. 30, 1999    3,601,119         75.88      111.75     Nov. 29, 2009

END



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