Paul H. Gobeil

YPG Holdings, Inc. is a corporation incorporated under the laws of Canada and is a wholly-owned subsidiary of YPG LP. YPG LP is a limited partnership existing under the laws of the Province of Manitoba pursuant to a third amended and restated limited partnership agreement dated February 14, 2006. YPG LP currently indirectly holds 100% of Yellow Pages Group Co., Trader Corporation, YPG(USA) Holdings Inc., Yellow Pages Group, LLC, YPG Directories, LLC, SNAP Guides Inc. and LesPAC s.e.n.c. ('LesPAC'). The registered and head office of the Fund and YPG Holdings are located at 16 Place du Commerce, Île des Soeurs, Verdun, Québec, Canada, H3E 2A5.

Yellow Pages Income Fund operates as a closed ended, limited purpose trust in Canada. The fund, through its wholly owned trust YPG Trust, invests in partnership units of YPG LP and shares of YPG General Partner, Inc. Yellow Pages Income Fund was founded in 2000 and is based in Verdun, Canada.

Export Development Canada engages in the provision of insurance and financial services. It offers bond products, financing, insurance, and risk management solutions to help Canadian exporters and investors expand their international business. The company was founded in 1944 and is headquartered in Ottawa, Canada.

Yellow Pages Income Fund operates as a closed ended, limited purpose trust in Canada. The fund, through its wholly owned trust YPG Trust, invests in partnership units of YPG LP and shares of YPG General Partner, Inc. Yellow Pages Income Fund was founded in 2000 and is based in Verdun, Canada.

YPG Holdings, Inc. is a corporation incorporated under the laws of Canada and is a wholly-owned subsidiary of YPG LP. YPG LP is a limited partnership existing under the laws of the Province of Manitoba pursuant to a third amended and restated limited partnership agreement dated February 14, 2006. YPG LP currently indirectly holds 100% of Yellow Pages Group Co., Trader Corporation, YPG(USA) Holdings Inc., Yellow Pages Group, LLC, YPG Directories, LLC, SNAP Guides Inc. and LesPAC s.e.n.c. ('LesPAC'). The registered and head office of the Fund and YPG Holdings are located at 16 Place du Commerce, Île des Soeurs, Verdun, Québec, Canada, H3E 2A5.

YPG Holdings, Inc. is a corporation incorporated under the laws of Canada and is a wholly-owned subsidiary of YPG LP. YPG LP is a limited partnership existing under the laws of the Province of Manitoba pursuant to a third amended and restated limited partnership agreement dated February 14, 2006. YPG LP currently indirectly holds 100% of Yellow Pages Group Co., Trader Corporation, YPG(USA) Holdings Inc., Yellow Pages Group, LLC, YPG Directories, LLC, SNAP Guides Inc. and LesPAC s.e.n.c. ('LesPAC'). The registered and head office of the Fund and YPG Holdings are located at 16 Place du Commerce, Île des Soeurs, Verdun, Québec, Canada, H3E 2A5.

Yellow Pages Income Fund operates as a closed ended, limited purpose trust in Canada. The fund, through its wholly owned trust YPG Trust, invests in partnership units of YPG LP and shares of YPG General Partner, Inc. Yellow Pages Income Fund was founded in 2000 and is based in Verdun, Canada.

Nstein Technologies, Inc. develops software solutions for enterprises and government organizations. The company was founded in 1999 and is headquartered in Montreal, Canada.

Yellow Pages Income Fund operates as a closed ended, limited purpose trust in Canada. The fund, through its wholly owned trust YPG Trust, invests in partnership units of YPG LP and shares of YPG General Partner, Inc. Yellow Pages Income Fund was founded in 2000 and is based in Verdun, Canada.

YPG Holdings, Inc. is a corporation incorporated under the laws of Canada and is a wholly-owned subsidiary of YPG LP. YPG LP is a limited partnership existing under the laws of the Province of Manitoba pursuant to a third amended and restated limited partnership agreement dated February 14, 2006. YPG LP currently indirectly holds 100% of Yellow Pages Group Co., Trader Corporation, YPG(USA) Holdings Inc., Yellow Pages Group, LLC, YPG Directories, LLC, SNAP Guides Inc. and LesPAC s.e.n.c. ('LesPAC'). The registered and head office of the Fund and YPG Holdings are located at 16 Place du Commerce, Île des Soeurs, Verdun, Québec, Canada, H3E 2A5.

Nstein Technologies, Inc. develops software solutions for enterprises and government organizations. The company was founded in 1999 and is headquartered in Montreal, Canada.

Domtar, Inc. manufactures paper, pulp and forest products. The company manufactures business papers, commercial printing, publication and technical specialty papers. The company is headquartered in Montréal, Canada.

Nstein Technologies, Inc. develops software solutions for enterprises and government organizations. The company was founded in 1999 and is headquartered in Montreal, Canada.

Yellow Pages Income Fund operates as a closed ended, limited purpose trust in Canada. The fund, through its wholly owned trust YPG Trust, invests in partnership units of YPG LP and shares of YPG General Partner, Inc. Yellow Pages Income Fund was founded in 2000 and is based in Verdun, Canada.

Yellow Pages Income Fund operates as a closed ended, limited purpose trust in Canada. The fund, through its wholly owned trust YPG Trust, invests in partnership units of YPG LP and shares of YPG General Partner, Inc. Yellow Pages Income Fund was founded in 2000 and is based in Verdun, Canada.

YPG Holdings, Inc. is a corporation incorporated under the laws of Canada and is a wholly-owned subsidiary of YPG LP. YPG LP is a limited partnership existing under the laws of the Province of Manitoba pursuant to a third amended and restated limited partnership agreement dated February 14, 2006. YPG LP currently indirectly holds 100% of Yellow Pages Group Co., Trader Corporation, YPG(USA) Holdings Inc., Yellow Pages Group, LLC, YPG Directories, LLC, SNAP Guides Inc. and LesPAC s.e.n.c. ('LesPAC'). The registered and head office of the Fund and YPG Holdings are located at 16 Place du Commerce, Île des Soeurs, Verdun, Québec, Canada, H3E 2A5.

Yellow Pages Income Fund operates as a closed ended, limited purpose trust in Canada. The fund, through its wholly owned trust YPG Trust, invests in partnership units of YPG LP and shares of YPG General Partner, Inc. Yellow Pages Income Fund was founded in 2000 and is based in Verdun, Canada.

YPG Holdings, Inc. is a corporation incorporated under the laws of Canada and is a wholly-owned subsidiary of YPG LP. YPG LP is a limited partnership existing under the laws of the Province of Manitoba pursuant to a third amended and restated limited partnership agreement dated February 14, 2006. YPG LP currently indirectly holds 100% of Yellow Pages Group Co., Trader Corporation, YPG(USA) Holdings Inc., Yellow Pages Group, LLC, YPG Directories, LLC, SNAP Guides Inc. and LesPAC s.e.n.c. ('LesPAC'). The registered and head office of the Fund and YPG Holdings are located at 16 Place du Commerce, Île des Soeurs, Verdun, Québec, Canada, H3E 2A5.

YPG Holdings, Inc. is a corporation incorporated under the laws of Canada and is a wholly-owned subsidiary of YPG LP. YPG LP is a limited partnership existing under the laws of the Province of Manitoba pursuant to a third amended and restated limited partnership agreement dated February 14, 2006. YPG LP currently indirectly holds 100% of Yellow Pages Group Co., Trader Corporation, YPG(USA) Holdings Inc., Yellow Pages Group, LLC, YPG Directories, LLC, SNAP Guides Inc. and LesPAC s.e.n.c. ('LesPAC'). The registered and head office of the Fund and YPG Holdings are located at 16 Place du Commerce, Île des Soeurs, Verdun, Québec, Canada, H3E 2A5.

Yellow Pages Income Fund operates as a closed ended, limited purpose trust in Canada. The fund, through its wholly owned trust YPG Trust, invests in partnership units of YPG LP and shares of YPG General Partner, Inc. Yellow Pages Income Fund was founded in 2000 and is based in Verdun, Canada.

Yellow Pages Income Fund operates as a closed ended, limited purpose trust in Canada. The fund, through its wholly owned trust YPG Trust, invests in partnership units of YPG LP and shares of YPG General Partner, Inc. Yellow Pages Income Fund was founded in 2000 and is based in Verdun, Canada.

YPG Holdings, Inc. is a corporation incorporated under the laws of Canada and is a wholly-owned subsidiary of YPG LP. YPG LP is a limited partnership existing under the laws of the Province of Manitoba pursuant to a third amended and restated limited partnership agreement dated February 14, 2006. YPG LP currently indirectly holds 100% of Yellow Pages Group Co., Trader Corporation, YPG(USA) Holdings Inc., Yellow Pages Group, LLC, YPG Directories, LLC, SNAP Guides Inc. and LesPAC s.e.n.c. ('LesPAC'). The registered and head office of the Fund and YPG Holdings are located at 16 Place du Commerce, Île des Soeurs, Verdun, Québec, Canada, H3E 2A5.

Yellow Pages Income Fund operates as a closed ended, limited purpose trust in Canada. The fund, through its wholly owned trust YPG Trust, invests in partnership units of YPG LP and shares of YPG General Partner, Inc. Yellow Pages Income Fund was founded in 2000 and is based in Verdun, Canada.

YPG Holdings, Inc. is a corporation incorporated under the laws of Canada and is a wholly-owned subsidiary of YPG LP. YPG LP is a limited partnership existing under the laws of the Province of Manitoba pursuant to a third amended and restated limited partnership agreement dated February 14, 2006. YPG LP currently indirectly holds 100% of Yellow Pages Group Co., Trader Corporation, YPG(USA) Holdings Inc., Yellow Pages Group, LLC, YPG Directories, LLC, SNAP Guides Inc. and LesPAC s.e.n.c. ('LesPAC'). The registered and head office of the Fund and YPG Holdings are located at 16 Place du Commerce, Île des Soeurs, Verdun, Québec, Canada, H3E 2A5.

YPG Holdings, Inc. is a corporation incorporated under the laws of Canada and is a wholly-owned subsidiary of YPG LP. YPG LP is a limited partnership existing under the laws of the Province of Manitoba pursuant to a third amended and restated limited partnership agreement dated February 14, 2006. YPG LP currently indirectly holds 100% of Yellow Pages Group Co., Trader Corporation, YPG(USA) Holdings Inc., Yellow Pages Group, LLC, YPG Directories, LLC, SNAP Guides Inc. and LesPAC s.e.n.c. ('LesPAC'). The registered and head office of the Fund and YPG Holdings are located at 16 Place du Commerce, Île des Soeurs, Verdun, Québec, Canada, H3E 2A5.

Yellow Pages Income Fund operates as a closed ended, limited purpose trust in Canada. The fund, through its wholly owned trust YPG Trust, invests in partnership units of YPG LP and shares of YPG General Partner, Inc. Yellow Pages Income Fund was founded in 2000 and is based in Verdun, Canada.

Yellow Pages Income Fund operates as a closed ended, limited purpose trust in Canada. The fund, through its wholly owned trust YPG Trust, invests in partnership units of YPG LP and shares of YPG General Partner, Inc. Yellow Pages Income Fund was founded in 2000 and is based in Verdun, Canada.

YPG Holdings, Inc. is a corporation incorporated under the laws of Canada and is a wholly-owned subsidiary of YPG LP. YPG LP is a limited partnership existing under the laws of the Province of Manitoba pursuant to a third amended and restated limited partnership agreement dated February 14, 2006. YPG LP currently indirectly holds 100% of Yellow Pages Group Co., Trader Corporation, YPG(USA) Holdings Inc., Yellow Pages Group, LLC, YPG Directories, LLC, SNAP Guides Inc. and LesPAC s.e.n.c. ('LesPAC'). The registered and head office of the Fund and YPG Holdings are located at 16 Place du Commerce, Île des Soeurs, Verdun, Québec, Canada, H3E 2A5.

Yellow Pages Income Fund operates as a closed ended, limited purpose trust in Canada. The fund, through its wholly owned trust YPG Trust, invests in partnership units of YPG LP and shares of YPG General Partner, Inc. Yellow Pages Income Fund was founded in 2000 and is based in Verdun, Canada.