RNS Number:3858N
Yell Group plc
10 July 2003

10 July 2003



Stabilisation Notice

Dear Sirs

Global Offer (the "Global Offer") of 400,000,000 ordinary shares of 1 pence each
at a price of 285 pence per ordinary share (the "Ordinary Shares") of Yell Group
plc (the "Company") (with an over-allotment option of up to 60,000,000 secondary
shares)

Merrill Lynch International ("MLI") notifies you that it is the stabilising
manager and may conduct stabilising activities in relation to the Ordinary
Shares, ISIN: GB0031718066 ("the Ordinary Shares") and in connection with the
above transaction. MLI confirms the following:


 1. The securities to be stabilised are the Ordinary Shares (ISIN: GB0031718066)
    referred to above; no other associated securities are subject to
    stabilisation;

 2. The stabilising manager is Merrill Lynch International (contact: John Millar/
    Mark Gwynne- Telephone: 020 7995 3700);

 3. The stabilisation period is expected to commence at 8.00 am on 10 July and
    ends on 7 August 2003 inclusive (30 days after the Pricing Date);

 4. The issue price of the Ordinary Shares was calculated on 9 July and is
    expected as announced prior to 8.00 am on 10 July 2003.



Stabilisation/FSA


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