Update on restructuring process

For Immediate Release 05 September 2012

hibu plc

Update on restructuring process

On 30 July 2012, hibu plc announced that as part of the process of addressing its capital structure, it was seeking to form a co-ordinating committee of lenders.

hibu has now formally constituted the co-ordinating committee of lenders with the following members:

Alcentra Limited

GE Corporate Finance Bank SAS

Gruss Asset Management LLP

GSO Capital Partners

QP SFM Capital Holdings Limited

The Royal Bank of Scotland plc

The co-ordinating committee is intended to represent and balance the interests of the lending syndicate. Its formation is a normal part of the process in any financial restructuring and allows for hibu's operating business to be unaffected. hibu is grateful for the participation of these major lenders.

Ends

About hibu

hibu helps communities thrive by facilitating millions of connections each year between consumers who want to find products and services locally and the merchants who provide them.

hibu helps consumers find local businesses and shop in new, innovative ways. Its dedicated online hibu markets provide comprehensive, convenient access to local goods and services. hibu helps merchants compete in the digital world with a broad range of marketing and commerce solutions delivered online and through hibu's direct sales teams. Building on its heritage as a premier directories provider, hibu continues to offer a full range of print- and distribution-based marketing services.

hibu operates in the UK, US, Spain, Argentina, Chile, Peru and US Hispanic markets. In the year ended 31 March 2012, hibu had 1.2 million SME customers and total revenues of £1.6 billion.

For further information about hibu, visit hibu.com.

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