GT Group Telecom Inc.

On February 1, 2000, GT Group Telecom Inc. (GT), a national facilities-based, broadband provider of Internet protocol-based services, high-speed data and voice services to businesses in Canada, completed a private placement of Units consisting of US$855 million of 13.25 per cent Senior Discount Notes Due 2010, and 855,000 Warrants to Purchase 4,198,563 Class B Non-Voting Shares. The offering was led by Goldman, Sachs & Co. and included syndicate members CIBC World Markets, Credit Suisse First Boston, RBC Dominion Securities Corporation, Scotia Capital and TD Securities.

Robert Fabes of GT’s in-house legal team instructed a Goodman Phillips & Vineberg team, made up of Paul L. Goldman, Jeff G. Fountain, Alan Schragie, Rhonda Rudick and Michael S. Koch, and a Shearman & Sterling team comprised of Bruce Czachor, Andrew Foley and David Wilson. Legal advice was provided to the underwriters by Deborah M. Alexander, Camilla A. Mackenzie, Kirsten R. Embree, David T. Tetreault and Yi-Wen Hsu of Osler, Hoskin & Harcourt LLP, and Christopher W. Morgan, Michael Smith and Jonathan James of Skadden, Arps, Slate, Meagher & Flom LLP.