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ZarlinkSemiconductor (55PT)

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Friday 07 September, 2001


Stmnt re- Stock Symbol Change

Zarlink Semiconductor Incorporated
7 September 2001

              Zarlink Semiconductor trades as 'ZL' on NYSE, TSE

Ottawa, Canada - Zarlink Semiconductor Inc. will begin trading under the
symbol 'ZL' on the New York and Toronto stock exchanges on Friday, September
7, 2001. Shareholder approval for the company's name change from Mitel
Corporation (NYSE/TSE:MLT) to Zarlink Semiconductor Inc. was received on July
25, 2001. These developments complete the company's evolution from Mitel
Corporation to Zarlink Semiconductor.

Zarlink employs its formidable analogue, digital and mixed-signal capabilities
to offer the most compelling products for wired, wireless and optical
connectivity markets and ultra low-power medical applications. For more
information, visit

Certain statements in this press release constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements involve known and unknown risks,
uncertainties, and other factors which may cause the actual results,
performance or achievements of the Company to be materially different from any
future results, performance, or achievements expressed or implied by such
forward-looking statements. Such risks, uncertainties and assumptions include,
among others, the risks discussed in documents filed by the Company with the
Securities and Exchange Commission. Investors are encouraged to consider the
risks detailed in those filings.

Zarlink and the Zarlink Semiconductor logo are trademarks of Zarlink
Semiconductor Inc.

For further information: Jacques Guerette, Corporate Communications,
+1-613-270-7110,; Mike McGinn, Investor
Relations, +1-613-270-7210,