Holding(s) in Company

TR-1:

NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Yell Group plc

2. Reason for the notification  

An acquisition or disposal of voting rights 

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify): Change in shareholding is a result of an internal system coding

Yes

3. Full name of person(s) subject to the notification obligation:

Franklin Templeton Investments Corp

4. Full name of shareholder(s) (if different from 3.):

Bank of New York London

JPMorgan Chase Bank

Mellon Bank

Royal Trust Corp of Canada

State Street Bank

Northern Trust

HSBC Bank plc London

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

01 December 2008

6. Date on which issuer notified:

02 December 2008

7. Threshold(s) that is/are crossed or reached:

5%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares 

 if possible using the ISIN CODE

Situation previous to the Triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights 

Number of shares

Number of voting rights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

Ordinary 1p GB0031718066

39,401,224

5.04%

B: Financial Instruments

Resulting situation after the triggering transaction 

Type of financial instrument 

Expiration date

Exercise/ Conversion Period/ Date 

Number of voting rights that may be acquired if the instrument is exercised/ converted. 

% of voting rights

Total (A+B)

Number of voting rights

% of voting rights

39,401,224

5.04%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Proxy Voting

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

14. Contact name:

Lori A. Weber

Assistant Secretary, Francklin Resources, Inc.

15. Contact telephone number:

+1-954-847-2283

ANNEX NOTIFICATION OF MAJOR INTERESTS IN SHARES

A: Identity of the person or legal entity subject to the notification obligation

Full name (including legal form for legal entities)

Franklin Resources Inc. 

Contact address (registered office for legal entities)

One Franklin Parkway

San Mateo

CA 94403-1906

Phone number 

+1-650-312-2000

Other useful information (at least legal representative for legal persons)

N/A

B:  Identity of the notifier, if applicable

Full name 

Alison Stanesby

Contact address 

Yell Group plc, Queens Walk, Oxford Road, Reading, Berkshire, RG1 7PT

Phone number 

+44 (0) 118 960 3437

Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

 N/A

C: Additional information

N/A