Mr. Philip Samman reports

YELLOW PAGES LIMITED REPORTS ON VOTING RESULTS AND ANNOUNCES APPROVAL OF THE ARRANGEMENT AT ITS ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

All resolutions presented at Yellow Pages Ltd.'s annual general and special meeting of the shareholders, held virtually today, were duly passed. Specifically, the shareholders of the company approved the company's previously announced arrangement under the Business Corporation Act (British Columbia).

Under the arrangement, the company will repurchase from shareholders pro rata an aggregate of 2,037,489 common shares at a purchase price of $12.27 per share, representing the volume weighted average price for the five consecutive trading days ending the trading day immediately prior to April 7, 2026.

The arrangement remains subject to the receipt of the approval of the Supreme Court of British Columbia. The court hearing for obtaining a final order approving the arrangement is currently scheduled to take place on June 15, 2026, and the arrangement is expected to close on June 22, 2026.

Additional information regarding the terms of the arrangement is set out in the company's management proxy circular dated May 1, 2026, which is available under the company's profile on SEDAR+ and on the company's website.

About Yellow Pages Ltd.

Yellow Pages is a Canadian digital media and marketing company that creates opportunities for buyers and sellers to interact and transact in the local economy. Yellow Pages holds some of Canada's leading local on-line properties, including YP.ca, Canada411 and 411.ca. The company also holds the YP, Canada411 and 411 mobile applications, and Yellow Pages print directories.

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