Yellow Media Inc.

Yellow Media Inc. Amends And Extends New $1 Billion Credit Facility With 2013 Final Maturity

Print Version

Montreal (Quebec), February 19, 2010 — Yellow Media Inc. (formerly YPG Holdings Inc.) (“Yellow Media”), a subsidiary of Yellow Pages Income Fund, announced today that it has concluded a renewal of its credit facilities with its lending syndicate, which credit facilities have been increased to $1 billion.

The new unsecured credit facilities, which consist of a revolving facility of $750 million and a non revolving term facility of $250 million, both maturing on February 18, 2013, will be used to finance the day-to-day operating requirements of Yellow Media, fund redemptions under Yellow Media's commercial paper program and for general corporate purposes. The facilities are available in Canadian dollars and by way of prime rate based loans and banker’s acceptances, at Yellow Media’s option.

The lending syndicate which was led and arranged by Scotia Capital, co-arranged by BMO Capital Markets, CIBC World Markets, RBC Capital Markets and National Bank Financial, and administered by Royal Bank of Canada, also includes Bank of Montreal, Canadian Imperial Bank of Commerce, The Bank of Nova Scotia, National Bank of Canada, The Toronto-Dominion Bank and Caisse centrale Desjardins.

About Yellow Media Inc.
Yellow Media Inc., a subsidiary of Yellow Pages Income Fund, owns Yellow Pages Group and Trader Corporation.  Yellow Pages Group (YPG) is Canada’s leading performance media and marketing solutions company.  The Company brings consumers and businesses together locally through its network of print, digital and mobile properties. YPG enables consumers to make smarter decisions, helping people find what they need wherever and whenever.  YPG partners with businesses to build successful marketing and lead generation programs, helping them grow their business.  Trader Corporation (Trader) is a leader in print and digital vertical media and offers a broad set of services such as inventory management, web solutions, optimization of media spend, and lead generation campaigns.  Trader caters to the automotive, real estate and generalist verticals.  Yellow Media Inc. owns and operates some of Canada’s leading properties and publication including Yellow Pages™ directories, YellowPages.ca™, Canada411.ca™, Auto Trader™(.ca), Home Trader™(.ca), and LesPAC.com. For more information, www.ypg.com.

Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements about the objectives, business and affairs of Yellow Media Inc. These statements are forward-looking as they are based on our current expectations, as at February 18, 2010, about our business and the markets we operate in, and on various estimates and assumptions. Our actual results could materially differ from our expectations if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. As a result, there is no assurance that any forward-looking statements will materialize. We disclaim any intention or obligation to update any forward-looking statements, except as required by law, even if new information becomes available, as a result of future events or for any other reason.

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