Bond Redemption

Bellsouth Corp 15 August 2001 FOR IMMEDIATE RELEASE FOR MORE INFORMATION, CONTACT: Pattie Kushner (404) 249-2365 BELLSOUTH ANNOUNCES PLANS TO REDEEM $100 MILLION OF THE THIRTY-EIGHT YEAR 6% DEBENTURES ATLANTA, GA - August 15, 2001 - BellSouth Telecommunications, Inc, a subsidiary of BellSouth Corporation (NYSE: BLS), announced that on Sept. 14, 2001, it will redeem $100 million of the Thirty-Eight Year 6% Southern Bell Telephone and Telegraph Company Debentures, due October 1, 2004. The redemption price will be 100% of the principal amount plus accrued interest to the redemption date. BellSouth Corporation is a Fortune 100 communications services company headquartered in Atlanta, GA, serving more than 46 million customers in the United States and 16 other countries. Consistently recognized for customer satisfaction, BellSouth provides a full array of broadband data and e-commerce solutions to business customers, including Web hosting and other Internet services. In the residential market, BellSouth offers DSL high-speed Internet access, advanced voice features and other services. BellSouth also provides online and directory advertising services, including BellSouth(R) RealPages(SM).com. BellSouth owns 40 percent of Cingular Wireless, the nation's second largest wireless company, which provides innovative wireless data and voice services. ***
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