HIBU.L Regulatory News (HIBU)

For filings with the FSA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Yell Group Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Deutsche Bank AG

4. Full name of shareholder(s)  (if different from 3.):iv

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

09/11/2010

6. Date on which issuer notified:

11/11/2010

7. Threshold(s) that is/are crossed orreached: vi, vii

4%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct xi

Indirect xii

Direct

Indirect

GB0031718066

119,397,498

119,397,498

114,058,124

113,579,445

478,679

4.81%

0.02%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Swap

N/A

N/A

N/A

72,415

Nominal

Delta

0.00%

0.00%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

114,130,539

4.83%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

14. Contact name:

Dirk Young

15. Contact telephone number:

+44 (0) 207 545 7177

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in shares

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(including legal form of legal entities)

Deutsche Bank AG

Contact address

(registered office for legal entities)

Winchester House, 1 Great Winchester Street, London EC2N 2DB

Phone number & email

+44 (0) 207 545 8000

Other useful information

(at least legal representative for legal persons)

B: Identity of the notifier, if applicable

Full name

Yell Group plc

Contact address

One Reading Central, Forbury Road, Reading, RG1 3YL, Berkshire

Phone number & email

+44 (0) 118 358 2501 Alison.Stanesby@yellgroup.com

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information