X0306 4 2018-11-30 1 0001170534 MITEL NETWORKS CORP MITL 0001479524 CHARBONNEAU PETER 350 LEGGET DRIVE OTTAWA A6 K2K 2W7 ONTARIO, CANADA 1 0 0 0 Common Shares 2018-11-30 4 D 0 55301 11.15 D 0 D Common Shares 2018-11-30 4 D 0 13927 11.15 D 0 I Held by Joan Charbonneau (Spouse) Common Shares 2018-11-30 4 D 0 2019 11.15 D 0 I Held By The Peter Charbonneau Trust #2 Options (Common Shares) 7.17 2018-11-30 4 D 0 10000 D 2017-03-04 2023-03-04 Common Shares 10000 0 D Options (Common Shares) 8.94 2018-11-30 4 D 0 10000 D 2015-12-31 2022-05-14 Common Shares 10000 0 D Options (Common Shares) 9.70 2018-11-30 4 D 0 1154 D 2015-03-05 2022-03-05 Common Shares 1154 0 D Options (Common Shares) 9.96 2018-11-30 4 D 0 4854 D 2014-11-13 2021-11-13 Common Shares 4854 0 D Options (Common Shares) 9.96 2018-11-30 4 D 0 4682 D 2014-08-14 2021-08-14 Common Shares 4682 0 D Options (Common Shares) 10.83 2018-11-30 4 D 0 4682 D 2014-05-20 2021-05-20 Common Shares 4682 0 D Options (Common Shares) 8.79 2018-11-30 4 D 0 4778 D 2014-02-05 2021-02-05 Common Shares 4778 0 D Options (Common Shares) 9.58 2018-11-30 4 D 0 4960 D 2013-12-12 2020-12-12 Common Shares 4960 0 D Options (Common Shares) 4.64 2018-11-30 4 D 0 6782 D 2013-09-05 2020-09-05 Common Shares 6782 0 D Options (Common Shares) 3.80 2018-11-30 4 D 0 10338 D 2013-07-01 2020-07-01 Common Shares 10338 0 D Options (Common Shares) 3.94 2018-11-30 4 D 0 10338 D 2013-03-07 2020-03-07 Common Shares 10338 0 D Options (Common Shares) 3.06 2018-11-30 4 D 0 10819 D 2012-12-06 2019-12-06 Common Shares 10819 0 D Options (Common Shares) 2.61 2018-11-30 4 D 0 10544 D 2012-09-06 2019-09-06 Common Shares 10544 0 D Options (Common Shares) 4.22 2018-11-30 4 D 0 10550 D 2012-06-26 2019-06-26 Common Shares 10550 0 D Options (Common Shares) 3.44 2018-11-30 4 D 0 8756 D 2012-03-07 2019-03-07 Common Shares 8756 0 D Options (Common Shares) 3.05 2018-11-30 4 D 0 8756 D 2011-12-23 2018-12-23 Common Shares 8756 0 D Restricted Stock Units 2018-11-30 4 D 0 14500 D 2018-12-31 Common Shares 14500 0 D On November 30, 2018 (the "Closing Date"), MLN AcquisitionCo ULC (the "Purchaser") acquired all of the outstanding common shares of Mitel Networks Corporation (the "Issuer") under a plan of arrangement under the Canada Business Corporations Act (the "Plan of Arrangement"), and Issuer became a wholly owned subsidiary of the Purchaser, an entity currently owned and controlled by funds affiliated with Searchlight Capital Partners, L.P., a private equity investment group. Pursuant to the Plan of Arrangement, each common share was transferred to the Purchaser in exchange for the right to receive US$11.15 in cash, without interest and less any applicable withholding taxes. Mr. Charbonneau disclaims beneficial ownership of the common shares held by his spouse and this report shall not be deemed an admission that Mr. Charbonneau is a beneficial owner of such shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. These common shares are held by the Peter Charbonneau Trust #2, of which Mr. Charbonneau is the sole trustee. Mr. Charbonneau disclaims beneficial ownership of the common shares held by the Peter Charbonneau Trust #2, except to the extent of any pecuniary interest therein, and this report shall not be deemed an admission that Mr. Charbonneau is a beneficial owner of such shares for purposes of Section 16 of the Exchange Act or for any other purpose. Pursuant to the Plan of Arrangement, options to purchase common shares (the "Options") were accelerated and all Options were cancelled in exchange for the right to receive an amount equal to the excess, if any, of US$11.15 over the exercise price of such option, less any applicable withholding taxes. Represents 14,500 common shares underlying 14,500 restricted stock units. Pursuant to the Plan of Arrangement, each restricted share unit was cancelled in exchange for the right to receive US$11.15 in cash, less any applicable withholding taxes. /s/ Peter Charbonneau 2018-12-04