Result of Meeting

Bellsouth Corp 5 December 2000 FOR MORE INFORMATION, CONTACT: Pattie Kushner BellSouth Corporation (404) 249-2365 Jeff Battcher BellSouth Corporation (404) 713-0274 BellSouth Shareholders Approve Latin America Group Tracking Stock Proposal ATLANTA - December 5, 2000 - BellSouth Corporation (NYSE: BLS) today announced that its shareholders voted by a significant margin to approve amendments to BellSouth's charter, stock plan and by-laws that will allow the creation of the BellSouth Latin America group tracking stock. The preliminary approval was announced today at a special meeting of shareholders in Atlanta, Georgia. Approval of the amendments allows the company to create a tracking stock capital structure that will permit the creation of a Latin American group stock and a BLS group stock. The Latin America group stock is intended to reflect or to 'track' the separate performance of BellSouth's operations in Latin America while the BLS group stock will track the performance of all other BellSouth operations. BellSouth plans to sell in a public offering shares of the Latin America group stock that are intended to represent 10-20 percent of the estimated value of the Latin America group. It will determine the timing of the public offering and amount to be issued based on capital requirements of the Latin America group, market conditions and other factors. About BellSouth Corporation BellSouth Corporation is an integrated communications services company headquartered in Atlanta, GA serving more than 41 million customers in the United States and 16 other countries. BellSouth, consistently recognized for customer satisfaction, provides residential, business and wholesale customers with integrated voice, video and data services to meet their communications needs. BellSouth is a Fortune 100 company with total revenues exceeding $26 billion. About Cingular Wireless (a joint venture with SBC Communications) Through Cingular Wireless, the nation's second largest wireless company, BellSouth provides innovative wireless voice and data services. Cingular Wireless serves 19 million subscribers and reaches 190 million potential customers with a full set of services, including interactive messaging in addition to attractive national rate plans and bundles of other communications services. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
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