Manitoba Telecom Services Inc.

Please note that the above list of analysts may not be complete and is subject to change. Opinions, estimates and forecasts regarding the performance of Manitoba Telecom Services Inc. ("MTS") made by these analysts are theirs alone, and do not represent or express the opinions, estimates or forecasts of MTS or its management. Any reference by MTS to these analysts does not in any way imply any endorsement of, or concurrence with, any information provided by, or conclusions or recommendations made by, these analysts. As MTS does not distribute analysts' reports, anyone wishing to obtain a copy of an analyst's report must contact the analyst or must make other arrangements to obtain this report.