YELLOW PAGES INCOME FUND
TSX : YLO.UN

YELLOW PAGES INCOME FUND

August 17, 2006 14:17 ET

Yellow Pages Income Fund Added to S&P/TSX Large-Cap Index for Canada

MONTREAL, QUEBEC--(CCNMatthews - Aug. 17, 2006) - Yellow Pages Income Fund (TSX:YLO.UN) announces that it has been added to the S&P/TSX 60, the large-cap index that includes Canada's largest companies by market capitalization. The listing becomes effective after the close of market on Thursday, August 17, 2006.

Yellow Pages Income Fund is currently one of Canada's largest trusts with two national platforms, one in directories via Yellow Pages Group, Canada's largest directory publisher, and one in vertical media through Trader Corporation, a Canadian leader in print and online vertical media. Its network of web sites, that notably includes YellowPages.ca™ and Canada411.ca, combined with Trader Corporation's online properties, such as AutoTrader.ca™, reaches close to 45% of all online Canadians.

"We are very pleased to be included in the S&P/TSX 60 large-cap index," stated Marc P. Tellier, President and CEO of Yellow Pages Group and CEO of Trader Corporation. "Our addition to these indices confirms our position as one of Canada's leading media companies and reflects our remarkable growth since our IPO in August 2003."

Yellow Pages Income Fund's market capitalization is approximately $7.5B.

About the S&P/TSX Indices

The S&P/TSX 60 index is a large-cap index for Canada. It is market cap weighted, with weights adjusted for available share float, and is balanced across 10 economic sectors. Offering exposure to 60 large, liquid Canadian companies, the S&P/TSX 60 is the basis for the most highly traded futures contract in Canada. The S&P/TSX 60 is the large-cap component of a series of S&P Canadian Indices, including the S&P/TSX Composite - the leading benchmark for Canada.

The S&P/TSX 60 is maintained by the Canadian S&P Index Committee, whose members include representatives from both Standard and Poor's and the Toronto Stock Exchange. Committee oversight gives investors the benefit of Standard and Poor's depth of experience, research and analytic capabilities, combined with the Toronto Stock Exchange's intimate local industry knowledge.

The S&P/TSX 60 represents the Canadian component of the S&P Global 1200.

The S&P/TSX 60 Capped Index includes all of the constituents of the S&P/TSX 60 Index. The relative weight of any single index constituent is capped at 10%. The S&P/TSX 60 Capped Index was launched in November 2000. It has been announced that the S&P/TSX 60 Capped Index will serve as the base for an exchange traded fund.

About Yellow Pages Income Fund

Yellow Pages Income Fund indirectly holds an approximate 96% ownership interest in Yellow Pages Group and Trader Corporation. Yellow Pages Group is Canada's largest telephone directories publisher. It publishes annually more than 330 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™.

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