Yell commences second round of debt purchases

 For Immediate Release February 21, 2012

Yell Group Plc ("Yell")

Yell commences second round of debt purchases

Yell concluded its first debt purchases on 19 January 2012 with the purchase of debt with a face value equivalent to £137.5m for cash consideration of £48.1m, representing an average price of £35 per £100 nominal. This leaves £111.4m available for further purchases.

Yell announces that it intends tomorrow, 22 February 2012, to commence its second debt purchase process which should conclude on or before 2 March 2012.

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About Yell

Yell Group is a leading provider of digital services within the emerging local eMarketplace for consumers and SMEs across its operations in the UK, US, Spain and some countries in Latin America.

Building on its strong presence in the local market through its current digital and print portfolio, Yell is developing a broad range of digital services tailored to the converging needs of SMEs and consumers.

These address both the SMEs' need to grow, transact and be efficient in the digital world, and the consumers' need to connect locally to the goods and services they want, in a way which saves them time and money, and moves their lives forward.

In the year ended 31 March 2011, Yell Group had 1.3 million SME customers.

Enquiries:

www.yellgroup.com