Issue of Debt

Bellsouth Corp 16 December 2004 For more information contact: Brent Fowler, BellSouth 404-249-2839 BellSouth Announces Plans to Redeem $400 Million in Outstanding Debt ATLANTA - December 16, 2004 - BellSouth Corporation (NYSE: BLS), announced today that it will redeem all of BellSouth Telecommunications Inc.'s outstanding Forty Year 6-3/4% Debentures, due October 15, 2033, on January 18, 2005. The redemption price will be 103.33% of the principal amount. Interest on the Debentures will cease to accrue on and after the redemption date. Payment of the redemption price will be made upon presentation and surrender of the unsigned Debentures to The Bank of New York, the paying agent, as follows: • If by hand or overnight delivery to: The Bank of New York 111 Sanders Creek Parkway East Syracuse, NY 13057 (800) 254-2826 • If by mail to: The Bank of New York P. O. Box 396 East Syracuse, NY 13057 (800) 254-2826 BellSouth Corporation has also announced the offering of $400 million of notes. Proceeds from the sale will be used to pay the redemption price of the debentures to be redeemed on January 18, 2005. About BellSouth Corporation BellSouth Corporation is a Fortune 100 communications company headquartered in Atlanta, Georgia and a parent company of Cingular Wireless, the nation's largest wireless voice and data provider. Backed by award winning customer service, BellSouth offers the most comprehensive and innovative package of voice and data services available in the market. Through BellSouth Answers(R), residential and small business customers can bundle their local and long distance service with dial up and high speed DSL Internet access, satellite television and Cingular(R) Wireless service. For businesses, BellSouth provides secure, reliable local and long distance voice and data networking solutions. BellSouth also offers online and directory advertising through BellSouth(R) RealPages.com(R) and The Real Yellow Pages(R). More information about BellSouth can be found at http://www.bellsouth.com. This information is provided by RNS The company news service from the London Stock Exchange
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