Yell Group repays £139 million of debt

28 April, 2011

Yell Group repays £139 million of debt and completes the "Minimum Reduction Amount" due under its debt agreements

Yell Group plc (LSE: YELL) ("Yell" or "the Group") today announces the completion of a series of debt repayments over the last five weeks totalling £139 million.

In addition to scheduled debt repayments of £98 million during March and April, an early repayment of £41 million has been made today. This is in addition to the £150 million early repayment announced on 4 January this year. Together, these payments mean the £800 million Minimum Reduction Amount agreed under Yell's autumn 2009 refinancing has now been met and the Group is consequently not required to pay one-off fees of £15 million or a 50 bp increase in interest costs.

Tony Bates, Chief Financial Officer of Yell, said:

"Yell's strong cash flows have enabled the Group to meet all of its scheduled debt repayments and to accelerate early repayment of debt for the second time in four months."

Enquiries:

Yell - Investors Yell - MediaRob Hall Jon SalmonTel: +44 (0)118 358 2838 Tel: +44 (0)118 358 2656Mobile: +44 (0)7793 957848 Mobile: +44 (0)7801 977340

Citigate Dewe RogersonAnthony CarlisleTel: +44 (0)20 7638 9571Mobile: +44 (0)7973 611888