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 

Yes

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):

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

Taube Hodson Stonex Partners LLP 

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

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

02 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

Indirect

Direct

Indirect

Ordinary 1p

GB0031718066

38,753,690

38,753,690

39,266,070

39,266,070

5.02%

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

N/A

Total (A+B)

Number of voting rights

% of voting rights

39,266,070

5.02%

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:

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

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

13. Additional information:

Taube Hodson Stonex Partners LLP ('THS') is a discretionary fund manager and does not invest on its own behalf of its clients (that are large institutional funds ie Pension Funds, Unit trusts). THS controls the shares on the client's behalf.

14. Contact name:

Kim van Tonder

15. Contact telephone number:

020 7659 4250

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)

Taube Hodson Stonex Partners LLP

Contact address (registered office for legal entities)

1st Floor Cassini House

57-59 St James Street

London SW1A 1LD

Phone number 

(020) 7659 4250

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

Taube Hodson Stonex Partners LLP ('THS') is a discretionary fund manager and does not invest on its own behalf of its clients (that are large institutional funds ie Pension Funds, Unit trusts). THS controls the shares on the client's behalf.

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