Exhibit 99.1
July 1, 2003
For Release in the United States
NOTICE TO HOLDERS OF YELL FINANCE B.V. SENIOR NOTES
Yell Finance B.V. announces that its parent company, Yell Group plc, has announced its intention to conduct a capital raising of approximately £433 million (gross proceeds) as part of a primary and secondary equity offering. In the event our parent company completes the capital raising, we expect that a portion of the net proceeds will be used to repay existing debt of our parent company. In addition, we expect that a portion of the net proceeds will be provided to us, which we expect to use among other things to repay a portion of existing debt, including approximately £54 million under our senior credit facilities and up to approximately £173 million, or 35%, of the outstanding principal amount of our senior notes pursuant to the optional redemption features under the senior notes indentures.
This announcement does not contain or constitute an offer of securities for sale in the United States. The securities referred to above have not been and will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Stabilisation/FSA.