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

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

X

Other (please specify):

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

Ignis Investment Services 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

30/11/09

6. Date on which issuer notified:

01/12/09

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

2%

8. Notified details: Nominee Holdings

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

31718066

35,878,807

35,878,807

37,108,408

1.57%

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

37,108,408

1.57%

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

Pearl Group Limited

Impala Holdings Limited

Pearl Group Holdings (No.1) Ltd

Ignis Asset Management Ltd 

Ignis Investment Services Ltd (indirect)

Vidacos Nominees Ltd (29,042,744.00 1.23%)

State Street Nominees (5,107,085.00 0.22%)

BNY (OCS) Nominees Ltd (2,958,579.00 0.12%)

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:

Percentage calculation based on Issued Share Capital of 2,357,746,132

14. Contact name:

Deborah A. Wagner

15. Contact telephone number:

0141 222 8000

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)

Ignis Investment Services Limited

Contact address 

(registered office for legal entities)

Phone number & email

 Deborah A. Wagner - 0141 222 8000

Other useful information 

(at least legal representative for legal persons)

B: Identity of the notifier, if applicable

Full name

Yell Group plc

Contact address

Queens Walk, Oxford Road, Reading, RG1 7PT

Phone number & email

+44 (0) 118 950 6501

Alison.S[email protected]

Other useful information

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

C: Additional information

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