Bird Secures Anchor Role for BCE's Data Center Build-Out

Research evidence excerpt

Bird Secures Anchor Role for BCE's Data Center Build-Out

Disclosure 6B: BCE is a client (or was a client) of BMO Nesbitt Burns Inc., BMO Capital Markets Corp., BMO Capital Markets Limited or an affiliate

within the past 12 months: B) Non-Investment Banking Securities Related Services

Disclosure 6C: Bird Construction and BCE are clients (or were clients) of BMO Nesbitt Burns Inc., BMO Capital Markets Corp., BMO Capital Markets

Limited or an affiliate within the past 12 months: C) Non-Securities Related Services.

Disclosure 8A: BMO Capital Markets or affiliates have beneficial ownership of 1% or more of any class of the equity securities of Bird Construction

and BCE (a) as of the end of the month prior to the issuance date of the research report, or (b) as of the end of the second most recent month

if the report issuance date is less than 10 days after the end of the prior month.

Disclosure 8C: BMO Capital Markets or an affiliate has a financial interest in 0.5% or more in the issued share capital of Bird Construction and BCE.

Disclosure 19: BMO Capital Markets ("BMO CM") is acting as financial advisor to BCE Inc (TSX: BCE) in connection with the sale of its land mobile

radio ("LMR") networks services business to Motorola Solutions Canada Networks Inc., a subsidiary of Motorola Solutions (NYSE: MSI) for total

consideration of CAD 675 million. BMO CM will be paid a fee. BMO CM follows information control procedures which prevent its research analysts

who are issuing research from having access to non-public information received by BMO CM investment banking personnel in connection with

the transaction. Accordingly, it is possible that individual employees at BMO CM may have material non-public information or opinions which