RNS Number:5988O
Yell Group plc
12 August 2003

12 August 2003





                         Yell Group plc (the "Company")

                    Disclosure of Interest in Share Capital


The Company has received notifications, pursuant to sections 198 to 203 of the
Companies Act 1985, that:

     (i) pursuant to the exercise of the over-allotment option by Merrill Lynch
International announced on 7 August 2003, the below listed funds managed or
advised by either Apax Partners or Hicks, Muse, Tate & Furst have ceased to have
the below described interests in ordinary shares; and

     (ii) HMTF Cayman Eight Limited and Apax Cayman Twelve Limited (being funds
managed or advised by Hicks, Muse, Tate & Furst and Apax Partners respectively)
have acquired interests in 30,000,000 ordinary shares each (such ordinary shares
to be transferred by Merrill Lynch International into the registered names of
HMTF Cayman Eight Limited and Apax Cayman Twelve Limited respectively pursuant
to stock lending arrangements).


The funds managed or advised by Apax Partners hold an interest in 119,026,123
ordinary shares in the Company representing 17.1% of the issued share capital.

The funds managed or advised by Hicks, Muse, Tate & Furst hold an interest in
119,026,122 ordinary shares in the Company representing 17.1% of the issued
share capital.


Apax Partners
Holder                                   Number of shares in Number of shares in  Net number of shares in
                                         which it has ceased        which it has        which it holds an
                                         to hold an interest         acquired an                 interest
                                                                        interest
Patricof Cayman Four Limited                         253,067                                    2,142,475
Patricof Cayman Eight Limited                      1,474,944                                   12,486,915
Apax Cayman Four Limited                           2,684,041                                   22,723,165
Apax Cayman Eight Limited                          3,611,459                                   30,574,703
Apax Cayman Twelve Limited                         6,035,755          30,000,000               51,098,865
                                                                           Total              119,026,123


Hicks, Muse, Tate & Furst
Holder                                   Number of shares in Number of shares in  Net number of shares in
                                         which it has ceased        which it has        which it holds an
                                         to hold an interest         acquired an                 interest
                                                                        interest
HTMF Cayman Four Limited                           8,037,745                                   48,806,246
HMTF Cayman Eight Limited                          5,171,280          30,000,000               61,560,156
HMTF Cayman Twelve Limited                           784,748                                    7,923,286
HMTF Cayman Sixteen Limited                           65,493                                      736,435
                                                                           Total              119,026,123




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