Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

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

Yell Group plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

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

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

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

Invesco Limited

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

5. Date of the transaction and date on which the threshold is crossed or reached: v

24 August 2010

6. Date on which issuer notified:

25 August 2010

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

23%

8. Notified details:

A: Voting rights attached to shares viii, ix

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 x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary 1p shares

541,828,873

541,828,873

548,024,262

23.00%

GB0031718066

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

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

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

548,024,262

23.00%

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

Bank of Ireland (Dublin) 9,919,254

Bank of New York - 451,687,247

Bank of New York Mellon - 5,431,901

Boston Safe Deposit - 666,825

Citibank (Hong Kong) - 3,670,711

HSBC Bank London - 15,922,284

Mellon Bank, Pittsburgh - 1,996,470

State Street Trust & Banking Co (Boston) - 437,545

State Street Trust & Banking Co (London) - 49,358,777

Trust & Custody Services - 113,966

Northern Trust Company (London) - 3,384,524

Invesco PowerShares Capital Management Limited - 434,758

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:

14. Contact name:

Elaine Coleman

15. Contact telephone number:

01491 417394

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in share

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

Full name

(including legal form of legal entities)

Yell Group plc

Contact address

(registered office for legal entities)

Queens Walk, Oxford Road, Reading RG1 7PT

Phone number & email

0118 948 2950/ [email protected]

Other useful information

(at least legal representative for legal persons)

B: Identity of the notifier, if applicable

Full name

Invesco Limited

Contact address

Registered Office

30 Finsbury Square London EC2A 1AG

Phone number & email

01491 417404

Other useful information

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

Fax: 01491 417309

C: Additional information

For notes on how to complete form TR-1 please see the FSA website.