UPDATE ON COMPREHENSIVE REFINANCING PROPOSALS

30 Oct 2009 07:00



30 October 2009

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE

UNITED STATES

YELL GROUP PLC

UPDATE ON COMPREHENSIVE REFINANCING PROPOSALS

Yesterday morning, Yell announced it had extended the deadline for its lenders to respond to its comprehensive refinancing proposals to 5pm on Thursday 29 October.

Yell has made significant progress over the last 24 hours and is now awaiting acceptances from the final two lenders, both of which are necessary to cross the 95% threshold. In addition, Yell will require confirmation of the final count from HSBC as Facility Agent, following final verification and reconciliation of the acceptances.

Yell will make a further announcement as soon as possible.

Enquiries: 

Yell - Investors Yell - Media

Rob Hall Jon Salmon

Tel: +44 (0)118 950 6838 Tel: +44 (0) 118 950 6656

Mobile: +44 (0)7793 957 848 Mobile: +44 (0)7801 977 340

Citigate Dewe Rogerson

Anthony Carlisle

Tel +22 (0) 20 7638 9571

Mobile: +44 (0) 7973 611 888