BCE (BCE) 6-K 2019 Q2 BCE Inc. 2019 Second Quarter Shareholder Report

Exhibit 99.5

NOTICE OF RELIANCE

SECTION 13.4 OF NATIONAL INSTRUMENT51-102

CONTINUOUS DISCLOSURE OBLIGATIONS

To: Alberta Securities Commission

British Columbia Securities Commission

Manitoba Securities Commission

Financial and Consumer Services Commission, New Brunswick

Office of the Superintendent of Securities, Newfoundland and Labrador

Nova Scotia Securities Commission

Ontario Securities Commission

Office of the Superintendent of Securities, Prince Edward Island

Autorité des marchés financiers

Financial and Consumer Affairs Authority of Saskatchewan

Toronto Stock Exchange

Notice is hereby given that Bell Canada relies on the continuous disclosure documents filed by BCE Inc. pursuant to the exemption from the requirements of National Instrument51-102 – Continuous Disclosure Obligations (“NI51-102”) provided in Section 13.4 of NI51-102.

The continuous disclosure documents of BCE Inc. can be found for viewing in electronic format at www.sedar.com.

Attached to this notice and forming part thereof is the consolidating summary financial information for BCE Inc. as required by Section 13.4 of NI51-102.

Dated: August 1, 2019	BELL CANADA
	By:	(signed) Thierry Chaumont
	Name:	Thierry Chaumont
	Title:	Senior Vice-President and Controller

    BELL CANADA

UNAUDITED SELECTED SUMMARY FINANCIAL INFORMATION ⁽¹⁾

For the periods ended June 30, 2019 and 2018

(in millions of Canadian dollars)

BCE Inc. fully and unconditionally guarantees the payment obligations of its 100% owned subsidiary Bell Canada under the public debt issued by Bell Canada. Accordingly, the following summary financial information is provided by Bell Canada in compliance with the requirements of section 13.4 of National Instrument51-102 (Continuous Disclosure Obligations) providing for an exemption for certain credit support issuers. The tables below contain selected summary financial information for (i) BCE Inc. (as credit supporter), (ii) Bell Canada (as credit support issuer) on a consolidated basis, (iii) BCE Inc.’s subsidiaries, other than Bell Canada, on a combined basis, (iv) consolidating adjustments, and (v) BCE Inc. and all of its subsidiaries on a consolidated basis, in each case for the periods indicated. Such summary financial information for BCE Inc. and Bell Canada and all other subsidiaries is intended to provide investors with meaningful and comparable financial information about BCE Inc. and its subsidiaries. This summary financial information should be read in conjunction with BCE Inc.’s audited consolidated financial statements for the year ended December 31, 2018 and the unaudited consolidated interim financial report for the six months ended June 30, 2019.

For the periods ended June 30:

	BCE INC. (“CREDIT SUPPORTER”)(2)								BELL CANADA CONSOLIDATED (“CREDIT SUPPORT ISSUER”)								SUBSIDIARIES OF BCE INC. OTHER THAN BELL CANADA(3)								CONSOLIDATING ADJUSTMENTS(4)												BCE INC. CONSOLIDATED
	2019		2018		2019		2018		2019		2018		2019		2018		2019		2018		2019		2018		2019			2018			2019			2018			2019		2018		2019		2018
	Three months		Three months		Six months		Six months		Three months		Three months		Six months		Six months		Three months		Three months		Six months		Six months		Three months			Three months			Six months			Six months			Three months		Three months		Six months		Six months
Operating revenues		—		—		—		—		5,931		5,786		11,665		11,377		—		—		—		—		(1	)		—			(1	)		(1	)		5,930		5,786		11,664		11,376
Net earnings from continuing operations attributable to owners		799		739		1,577		1,436		864		776		1,637		1,463		34		35		68		70		(898	)		(811	)		(1,705	)		(1,533	)		799		739		1,577		1,436
Net earnings attributable to owners		799		739		1,577		1,436		864		776		1,637		1,463		34		35		68		70		(898	)		(811	)		(1,705	)		(1,533	)		799		739		1,577		1,436

As at June 30, 2019 and December 31, 2018, respectively:

	BCE INC. (“CREDIT SUPPORTER”)(2)				BELL CANADA CONSOLIDATED (“CREDIT SUPPORT ISSUER”)				SUBSIDIARIES OF BCE INC. OTHER THAN BELL CANADA(3)				CONSOLIDATING ADJUSTMENTS(4)						BCE INC. CONSOLIDATED
	June 30, 2019		Dec. 31, 2018		June 30, 2019		Dec. 31, 2018		June 30, 2019		Dec. 31, 2018		June 30, 2019			Dec. 31, 2018			June 30, 2019		Dec. 31, 2018
Total Current Assets		616		576		8,508		7,400		349		286		(2,984	)		(2,469	)		6,489		5,793
Total Non-current Assets		22,598		22,429		47,072		44,616		52		53		(15,998	)		(15,791	)		53,724		51,307
Total Current Liabilities		2,973		2,531		11,285		10,317		68		50		(2,984	)		(2,469	)		11,342		10,429
Total Non-current Liabilities		109		113		27,693		25,231		44		84		564			554			28,410		25,982

⁽¹⁾  The summary financial information is prepared in accordance with International Financial Reporting Standards (IFRS) and is in accordance with generally accepted accounting principles issued by the Canadian Accounting Standards Board for publicly-accountable enterprises. As required, BCE adopted IFRS 16 – Leases effective January 1, 2019 using a modified retrospective approach whereby the financial results of prior periods presented were not restated and continue to be reported under IAS 17 – Leases, as permitted by IFRS 16.

⁽²⁾  This column accounts for investments in all subsidiaries of BCE Inc. under the equity method.

⁽³⁾  This column accounts for investments in all subsidiaries of BCE Inc. (other than Bell Canada) on a consolidated basis.

⁽⁴⁾  This column includes the necessary amounts to eliminate the intercompany balances between BCE Inc., Bell Canada and other subsidiaries and other adjustments to arrive at the information for BCE Inc. on a consolidated basis.