Please be reminded that the due date to submit your Claim Form is November 20, 2006.

Nortel Networks is alleged to have misrepresented its financial condition during two separate time periods.

If you purchased or sold Nortel common stock and/or options during any of the below mentioned time periods, you may be eligible to participate in the class action suit against Nortel Networks.

You are a class member of the Nortel I Settlement if you purchased Nortel common stock, purchased call options on Nortel common stock or wrote (sold) put options on Nortel common stock between October 24, 2000 and February 15, 2001 inclusive.

You are a class member of the Nortel II Settlement if you purchased Nortel common stock, purchased call options on Nortel common stock or sold put options on Nortel common stock between April 24, 2003 and April 27, 2004 inclusive.

The due date to submit your Claim Form is November 20, 2006.

For more information or to download a Claim Form, visit www.nortelsecuritieslitigation.com.