Yellow Pages Group
TSX : YLO.UN

Yellow Pages Group

March 29, 2007 08:00 ET

Yellow Pages Group Obtains Regulatory Clearance for the Acquisition of Aliant Directory Services

MONTREAL, QUEBEC--(CCNMatthews - March 29, 2007) - Yellow Pages Group (YPG) through Yellow Pages Income Fund (TSX:YLO.UN) announces that Competition Act clearance was obtained from the Commissioner of the Competition Bureau in connection with YPG's proposed acquisition of Aliant Directory Services.

Details of the proposed acquisition were reported in YPG's press release dated February 19, 2007, which can be found at www.ypg.com. The acquisition is expected to close in April 2007.

"We are eager to become the sole owner and welcome our Aliant Directory Services colleagues to the YPG family," said Marc P. Tellier, President and CEO of Yellow Pages Group.

Aliant Directory Services is the incumbent directory publisher in the four Atlantic Provinces. The company publishes 35 directories with a total circulation of 1.8 million copies. Including these assets, YPG publishes more than 340 directories annually with a total circulation of 30 million copies.

About Yellow Pages Income Fund

Yellow Pages Income Fund indirectly holds an approximate 97% ownership interest in Yellow Pages Group and Trader Corporation. Yellow Pages Group is Canada's largest telephone directories publisher. It publishes annually more than 340 Yellow Pages™ and residential directories. The Company owns and manages Canada's most visited online directories, YellowPages.ca™ and Canada411.ca, as well as CanadaPlus.ca™, a network of seven local city sites. Trader Corporation is a Canadian leader in print and online vertical media with approximately 200 publications and 20 web sites covering four product verticals: automotive, real estate, general merchandise and employment. Its main brands include Auto Trader™, Auto Hebdo™, The Bargain Finder™, Buy & Sell™, Renters News™ and Home Renters' Guide™. For more information about the Fund, visit www.ypg.com.

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