September 21, 1995

NYNEX CONTACT: Media Relations, (212) 395-0500

NYNEX DECLARES REGULAR QUARTERLY DIVIDEND

NEW YORK, NY -- The board of directors of NYNEX Corporation (NYSE:NYN) today approved payment of the regular quarterly dividend of $0.59 per share, unchanged from the previous quarter. The dividend is payable on November 1, 1995 to share owners of record at the close of business on October 10, 1995. There are approximately 428.6 million NYNEX common shares outstanding.

NYNEX is a global communications and media company that provides a full range of services in the northeastern United States and high-growth markets around the world, including the United Kingdom, Thailand, Gibraltar, Greece, Indonesia, the Philippines, Poland, Slovakia and the Czech Republic.

The Corporation is a leader in the telecommunications, wireless communications, cable television, directory publishing and entertainment and information services.

FAX copies of recent NYNEX news releases are available free of charge, 24 hours a day. Call 1-800-331-1214 and an automated system will provide instructions.

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