Press Releases Back to News Back to News Montreal (Quebec), October 19, 2023 — Yellow Pages Limited (TSX: Y) (the “Company”), a leading Canadian digital media and marketing company, today announced that the Board has approved a distribution to the Company’s shareholders (the “Shareholders”) of approximately $50 million by way of a share repurchase from all shareholders pursuant to a statutory arrangement under the Business Corporations Act (British Columbia). The arrangement will be effected pursuant to a plan of arrangement (the “Arrangement”) which provides that the Company will repurchase from Shareholders pro rata an aggregate of 4,440,497 common shares at a purchase price of $11.26 per share, which represents the volume weighted average price for the five consecutive trading days ending the trading day immediately prior to October 19, 2023. Under the Arrangement, the Company will also advance the previously announced voluntary incremental cash contributions to the Company’s defined benefit pension plan’s (the “Pension Plan”) wind-up deficit by an amount of $12 million during the year ending December 31, 2023, bringing 2023 cash payments to the Pension Plan’s wind-up deficit to $18 million by the end of the year. The incremental voluntary cash infusion of $12 million during the year ended December 31, 2023 represents advancing the voluntary $6 million contributions intended in years 2025 and 2026 that were part of the Deficit Reduction Plan announced in May of 2021 to increase the probability that the Pension Plan will be fully funded by 2030. The probability of achieving a wind-up ratio of 100% by 2030 is dependent upon certain uncontrollable factors, including, among others, market returns and discount rates. The Board will continue to review the Deficit Reduction Plan annually. The Arrangement is subject to the approval of at least 66 2/3% of the votes cast by the holders of shares at a special meeting of shareholders that is scheduled to be held virtually on November 30, 2023 to approve the Arrangement. The record date for the meeting has been set at the close of business on October 23, 2023. The Arrangement is expected to be completed before the end of 2023. Shareholders holding in excess of 77% of the outstanding shares have agreed with the Company to vote in favor of the arrangement. The Arrangement is also subject to the receipt of the approval of the Supreme Court of British Columbia. About Yellow Pages Limited Yellow Pages Limited (TSX: Y) 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 online properties including YP.ca , Canada411.ca and 411.ca . The Company also holds the YP, Canada411 and 411 mobile applications and Yellow Pages print directories. For more information visit www.corporate.yp.ca . Caution Concerning Forward-Looking Statements This press release contains certain forward-looking statements about the Arrangement within the meaning of applicable securities laws. Completion of the Arrangement is subject to a number of risks. Risks that could cause our results to differ materially from our current expectations, and that could impact the Arrangement, are discussed in section 5 of our August 8, 2023 Management’s Discussion and Analysis. We disclaim any intention or obligation to update any forward-looking statements, except as required by law, even if new information becomes available, as a result of future events or for any other reason. Contacts: Investors & Media Franco Sciannamblo Senior Vice-President and Chief Financial Officer investors@yp.ca communications@yp.ca Yellow Pages Limited Announces Plan for $50 million Share Buyback and $12 million Pension Plan Voluntary Contribution Back to News Print Print

Previous Next Martin Harrison Back Martin Harrison Director Chair of the Audit Committee Martin Harrison has been Group Chief Financial Officer of Windracers (a UK based company that is at the leading edge of drone technology) since 2021. Before joining Windracers he spent three years as Group Chief Financial Officer of the Hibu Group (a UK based company providing digital marketing services in the UK and USA). Prior to that Mr. Harrison has held senior finance position across the telecoms and chemical industries in both the UK and Canada. Mr. Harrison also chairs the Finance Committee of the London International Festival Theatre. Mr. Harrison holds a Master of Arts in Economics from the University of Edinburgh, United Kingdom and is a Chartered Accountant (ICAEW) and an Associate Member of Corporate Treasury. Mr. Harrison is Chair of the Audit Committee and a member of the Human Resources and Compensation Committee and the Corporate Governance and Nominating Committee.

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Press Releases Back to News Back to News Montreal (Quebec), May 14, 2025 — Yellow Pages Limited (TSX: Y) (the “Company”), a leading Canadian digital media and marketing company, released its operating and financial results today for the quarter ended March 31, 2025. “Our first quarter results show continued steady progress toward revenue stability, good profitability, and a strong cash balance,” said David A. Eckert, CEO of Yellow Pages Limited. Eckert commented on the key developments: · Progress toward revenue stability. “For the fifth consecutive quarter, we report a favorable ‘bending of the revenue curve’ in Q1, as our rate of change in revenue was better than the change reported for the previous quarter.” · Solid quarterly earnings. “Our Adjusted EBITDA2 for the quarter was 23.4% of revenue, even with our continued investments in revenue initiatives, including the steady continued expansion of our sales force.” · Strong cash balance. “Despite certain significant, seasonal cash disbursements during the quarter, cash still stood at approximately $49 million at the end of April.” Sherilyn King, President of Yellow Pages Limited, added, “We continue to be very pleased with our progress on metrics underlying our revenue generation, including the size of our sales force, the continued deceleration of the customer count decline rate, fueled by new customer acquisitions and stable renewal rates, and strong average spend per customer. We believe these fundamentals bode well for our medium- and long-term future. Also, our Board has once again declared a dividend of $0.25 per common share, to be paid on June 16, 2025 to shareholders of record as of May 27, 2025.” (1) The dividend will be designated as an eligible dividend pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial legislation pertaining to eligible dividends. (2) Adjusted EBITDA is equal to Income from operations before depreciation and amortization and restructuring and other charges (defined herein as Adjusted EBITDA), as shown in Yellow Pages Limited’s interim condensed consolidated statements of income. Adjusted EBITDA, Adjusted EBITDA margin, CAPEX, Adjusted EBITDA less CAPEX and Adjusted EBITDA less CAPEX margin are non-GAAP financial measures and do not have any standardized meaning under IFRS ® Accounting Standards. Therefore, they are unlikely to be comparable to similar measures presented by other public companies. Refer to the section on Non-GAAP financial measures at the end of this document for more details. First Quarter of 2025 Results • Total Revenues decreased 7.6% year-over-year and amounted to $50.8 million for the three-month period ended March 31, 2025, an improvement from the decrease of 8.1% reported last quarter. • Adjusted EBITDA less CAPEX1 totalled $11.4 million and the EBITDA less CAPEX margin1 was 22.5%. • Net income amounted to $5.0 million, or to $0.35 diluted income per share. Financial Results for the First Quarter of 2025 Total revenues for the first quarter ended March 31, 2025 decreased by 7.6% year-over-year and amounted to $50.8 million as compared to $55.0 million for the same period last year. The decrease in revenues is mainly due to the decline of our higher margin digital media and print products and to a lesser extent to our lower margin digital services products, thereby creating pressure on our gross profit margins. Total digital revenues decreased 6.8% year-over-year and amounted to $40.7 million for the three-month period ended March 31, 2025 compared to $43.7 million for the same period last year. The revenue decline is mainly attributable to a decrease in digital customer count, partially offset by an increase in the average spend per customer. Total print revenues decreased 10.5% year-over-year and amounted to $10.1 million for the three-month period ended March 31, 2025. The revenue decline is mainly due to the decrease in the number of print customers while the spend per customer has improved year-over-year driven by price increases. The decline rate for total revenues, digital revenues and print revenues all improved year-over-year. The improvement of the revenue decline rates was mainly due to the deceleration of the customer count decline rate, fueled by an increase in new customer acquisitions, while renewal rates remained relatively stable and an increase in average spend per customer, due in part to price increases. Adjusted EBITDA1 decreased to $11.9 million or 23.4% of revenues in the first quarter ended March 31, 2025, relative to $15.3 million or 27.8% of revenues for the same period last year. The decrease in Adjusted EBITDA and Adjusted EBITDA margin1 for the three-month period ended March 31, 2025 is the result of revenue pressures, the ongoing investments in our tele-sales force capacity, and the impact of the Company’s share price on cash settled stock-based compensation expense, partially offset by optimization in cost of sales, reductions in other operating costs including reductions in our workforce and associated employee expenses. The revaluation of cash settled stock-based compensation liabilities resulted in a recovery of $1.3 million for the three-month period ended March 31, 2025 compared to a recovery of $1.9 million for the same period last year. Revenue pressures from product mix and investments in our tele-sales force capacity, partially offset by continued optimization and cost reductions, will continue to cause pressure on margins in upcoming quarters. Adjusted EBITDA less CAPEX decreased by $2.9 million to $11.4 million during the first quarter of 2025, compared to $14.3 million during the same period last year. The decrease in Adjusted EBITDA less CAPEX and Adjusted EBITDA less CAPEX margin for the three-month period ended March 31, 2025 is driven by the decrease in Adjusted EBITDA, partially offset by a decrease in CAPEX spend year-over-year. Net income for the three-month period ended March 31, 2025 amounted to $5.0 million as compared to net income of $8.4 million for the same period last year. The decrease is mainly due to lower Adjusted EBITDA and the increase in restructuring and other charges, partially offset by the decrease in income taxes. Cash flows from operating activities decreased by $2.2 million to $3.3 million for the three-month period ended March 31, 2025 from $5.5 million for the same period last year. The decrease is mainly due to lower Adjusted EBITDA of $3.4 million partially offset by a decrease in funding of post-employment benefit plans of $1.5 million. (1) Adjusted EBITDA is equal to Income from operations before depreciation and amortization and restructuring and other charges (defined herein as Adjusted EBITDA), as shown in Yellow Pages Limited’s interim condensed consolidated statements of income. Adjusted EBITDA, Adjusted EBITDA margin, CAPEX, Adjusted EBITDA less CAPEX, Adjusted EBITDA less CAPEX margin are non-GAAP financial measures and do not have any standardized meaning under IFRS Accounting Standards. Therefore, they are unlikely to be comparable to similar measures presented by other public companies. Refer to the section on Non-GAAP financial measures at the end of this document for more details. Conference Call & Webcast Yellow Pages Limited will hold an analyst and media call and simultaneous webcast at 8:30 a.m. (Eastern Time) on May 14, 2025 to discuss first quarter 2025 results. The call may be accessed by dialing 416-695-6725 within the Toronto area, or 1-866-696-5910 outside of Toronto, Passcode 4418135#. Please be prepared to join the conference at least 5 minutes prior to the conference start time. The call will be simultaneously webcast on the Company’s website at: https://corporate.yp.ca/en/investors/financial-reports . The conference call will be archived in the Investors section of the site at: https://corporate.yp.ca/en/investors/financial-events-presentations . About Yellow Pages Limited Yellow Pages Limited (TSX: Y) 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 online properties including YP.ca , Canada411 and 411.ca . The Company also holds the YP, Canada411 and 411 mobile applications and Yellow Pages print directories. For more information visit www.corporate.yp.ca . Caution Concerning Forward-Looking Statements This press release contains forward-looking statements about the objectives, strategies, financial conditions and results of operations and businesses of YP (including, without limitation, payment of a cash dividend per share per quarter to its common shareholders). These statements are forward-looking as they are based on our current expectations, as at May 13, 2025, about our business and the markets we operate in, and on various estimates and assumptions. Our actual results could materially differ from our expectations if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. As a result, there is no assurance that any forward-looking statements will materialize. Risks that could cause our results to differ materially from our current expectations are discussed in section 5 of our May 13, 2025 Management’s Discussion and Analysis. We disclaim any intention or obligation to update any forward-looking statements, except as required by law, even if new information becomes available, as a result of future events or for any other reason. Contact: Investors & Media Franco Sciannamblo Senior Vice-President and Chief Financial Officer investors@yp.ca communications@yp.ca Non-GAAP Financial Measures Adjusted EBITDA and Adjusted EBITDA margin In order to provide a better understanding of the results, the Company uses the terms Adjusted EBITDA and Adjusted EBITDA margin. Adjusted EBITDA is equal to Income from operations before depreciation and amortization and restructuring and other charges (defined herein as Adjusted EBITDA), as shown in Yellow Pages Limited’s interim condensed consolidated statements of income. Adjusted EBITDA margin is defined as the percentage of Adjusted EBITDA to revenues. Adjusted EBITDA and Adjusted EBITDA margin are not performance measures defined under IFRS Accounting Standards and are not considered an alternative to income from operations or net income in the context of measuring Yellow Pages performance. Adjusted EBITDA and Adjusted EBITDA margin do not have a standardized meaning under IFRS Accounting Standards and are therefore not likely to be comparable to similar measures used by other publicly traded companies. Adjusted EBITDA and Adjusted EBITDA margin should not be used as exclusive measures of cash flow since they do not account for the impact of working capital changes, income taxes, interest payments, pension funding, capital expenditures, debt principal reductions and other sources and uses of cash, which are disclosed on page 10 of our May 13, 2025 MD&A. Management uses Adjusted EBITDA and Adjusted EBITDA margin to evaluate the performance of its business as it reflects its ongoing profitability. Management believes that certain investors and analysts use Adjusted EBITDA and Adjusted EBITDA margin to measure a company’s ability to service debt and to meet other payment obligations or as common measurement to value companies in the media and marketing solutions industry as well as to evaluate the performance of a business. Adjusted EBITDA less CAPEX and Adjusted EBITDA less CAPEX margin The Company also uses Adjusted EBITDA less CAPEX, which is defined as Adjusted EBITDA, as defined above, less CAPEX which we define as additions to intangible assets and additions to property and equipment as reported in the Investing Activities section of the Company’s consolidated statements of cash flows. Adjusted EBITDA less CAPEX margin is defined as the percentage of Adjusted EBITDA less CAPEX to revenues. Adjusted EBITDA less CAPEX and Adjusted EBITDA less CAPEX margin are non-GAAP financial measures and do not have any standardized meaning under IFRS Accounting Standards. Therefore, are unlikely to be comparable to similar measures presented by other publicly traded companies. We use Adjusted EBITDA less CAPEX and Adjusted EBITDA less CAPEX margin to evaluate the performance of our business as it reflects cash generated from business activities. We believe that certain investors and analysts use Adjusted EBITDA less CAPEX and Adjusted EBITDA less CAPEX margin to evaluate the performance of businesses in our industry. The most comparable financial measure under IFRS Accounting Standards to Adjusted EBITDA less CAPEX is Income from operations before depreciation and amortization and restructuring and other charges (defined above as Adjusted EBITDA) as shown in Yellow Pages Limited’s interim condensed consolidated statements of income. Refer to table below for reconciliation of Adjusted EBITDA less CAPEX. Yellow Pages Limited Reports First Quarter 2025 Financial and Operating Results and Declares a Cash Dividend Back to News Print Print

Communiqués de presse Back to News Retour aux nouvelles Print Retour aux nouvelles Print Montréal (Québec), le 15 septembre 2022 - Pages Jaunes Limitée (TSX : Y) (la « Société »), un fournisseur canadien de premier plan de médias numériques et de solutions marketing, a annoncé aujourd'hui une entente visant à prolonger le mandat de son président et chef de la direction, David A. Eckert, jusqu'à la mi-2025. Le conseil d'administration de la société a approuvé cette disposition dans le cadre d’une réunion qui s’est tenue aujourd’hui. « Nous sommes ravis que David puisse continuer de diriger la société alors que nous nous apprêtons à achever notre redressement », a déclaré Susan Kudzman, présidente du conseil de Pages Jaunes Limitée. Monsieur Eckert affirme: « Je suis heureux de pouvoir continuer de faire partie de notre formidable équipe alors que nous achevons le redressement de l'entreprise. » Il poursuit: « Nous avons maintenant une forte rentabilité, avons remboursé toutes nos dettes, avons un solde de trésorerie sain et nous approchons de la stabilité des revenus. Je suis reconnaissant envers toute notre équipe, notre conseil d'administration, nos actionnaires, nos retraités, nos employés et nos clients pour leur soutien continu.» À propos de Pages Jaunes Limitée Pages Jaunes Limitée (TSX : Y) est une société canadienne de médias numériques et de solutions marketing qui offre des occasions aux vendeurs et aux acheteurs d’interagir et de faire des affaires au sein de l’économie locale. Pages Jaunes détient certains des principaux médias locaux en ligne au Canada, notamment PJ.ca , Canada411 et 411.ca , ainsi que les applications mobiles PJ, Canada411 et 411, de même que les annuaires imprimés Pages Jaunes. Pour plus d’informations, visitez notre site Web au https://entreprise.pj.ca/fr/ . Personnes-ressources : Investisseurs Franco Sciannamblo Premier vice-président et chef de la direction financière investisseurs@pj.ca Médias Treena Cooper Première vice-présidente, Secrétaire et conseillère juridique principale communications@pj.ca David A. Eckert demeure le chef de la direction de Pages Jaunes Limitée jusqu'à la mi-2025

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