TR-1:    

NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Yell Group plc  

2. Reason for the notification   

An acquisition or disposal of voting rights 

Yes

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

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation:

INVESCO Limited

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

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

29 September 2008

6. Date on which issuer notified:

30 September 2008

7. Threshold(s) that is/are crossed or reached:

20%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares 

 if possible using the ISIN CODE

Situation previous to the Triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights 

Number of shares

Number of voting rights

% of voting rights

Direct  

Indirect

Direct

Indirect

Ordinary 1p

GB0031718066

154,613,707

154,613,707

157,322,465

157,322,465

20.13%

B: Financial Instruments

Resulting situation after the triggering transaction 

Type of financial instrument 

Expiration date

Exercise/ Conversion Period/ Date 

Number of voting rights that may be acquired if the instrument is exercised/ converted. 

% of voting rights

N/A

Total (A+B)

Number of voting rights

% of voting rights

157,322,465

20.13%

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

Bank of Ireland (Dublin) - 2,036,206

Bank of New York - 330,839

Bank Paribas - 401,895

Bank of New York (Brussels) - 216,104

Citibank (Hong Kong) - 735,490

JP Morgan Chase - 8,949,466

Citibank - 123,079,043

HSBC Nominees - 2,917,482

Mellon Bank, Pittsburgh - 927,954

Santander Central Hispano Investment - 4,678

State Street Trust & Banking Co (London) - 16,286,259

Trust & Custody Services - 25,770

Northern Trust Company (London) - 1,293,866

Other - 117,413

Proxy Voting

10. Name of the proxy holder:

  N/A

11. Number of voting rights proxy holder will cease to hold:

  N/A

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

N/A  

13. Additional information:

• N/A

14. Contact name:

• Sam Edwards

15. Contact telephone      number:

•  01491 416 381

ANNEX NOTIFICATION OF MAJOR INTERESTS IN SHARES

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

Full name (including legal form for legal entities)

INVESCO Limited

Contact address (registered office for legal entities)

Phone number 

Other useful information (at least legal representative for legal persons)

B:     Identity of the notifier, if applicable

Full name 

Alison Stanesby

Assistant Company Secretary

Contact address 

Yell Group plc, Queens Walk, Oxford Road, Reading, Berkshire, RG1 7PT

Phone number 

  +44 (0) 118 960 3437

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

  N/A

C:    Additional information

N/A