Our media & digital companies offer the best marketing solutions to promote customer engagement. Copyright © 2023 Yellow Pages Digital & Media Solutions Limited. All Rights Reserved. Yellow Pages Limited (TSX: Y) is a Canadian digital media and marketing solutions company that supports local economies by helping neighbourhood businesses reach new customers and foster stronger relationships with existing clients through its various media and products. Yellow Pages holds some of Canada’s leading local online search properties including YP.ca™ and Canada411.ca. The Company also holds the YP, YP Shopwise and Canada411 mobile applications and Yellow Pages™ print directories. Companies Yellow Pages For Customers Yellow Pages remains committed to delivering Canadians richer content and an enhanced search experience, through an unparalleled local media presence across the country. With listings and articles containing pictures, videos, web links, maps, deals, ratings and reviews, shoppers can discover top-ranked businesses and make more informed decisions in such areas as health, personal finance, home renovation, travel, shopping. Our Properties Our Services For Businesses Yellow Pages offers small-and-medium sized businesses access to one of the country’s most comprehensive suites of digital and traditional marketing solutions, which include products such as online and mobile priority placement on Yellow Pages’ owned and operated media, search engine solutions, website fulfillment, social media campaign management, digital display advertising, video production and print advertising 411.ca Every year, more than 20 million visitors find people and businesses on 411.ca. With its candid reviews and reverse look-up feature, 411.ca is the fastest and easiest way to get the 411 on your neighbourhood, online and on mobile. 411.ca

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Press Releases Back to News Back to News Montreal (Quebec), February 14, 2024 — 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 and year ended December 31, 2023. “We are pleased with our fourth quarter and full year results which reflect continued strong profitability and cash generation, despite headwinds in the global economy and, particularly, the Canadian small business sector hindering our progress on the revenue front,” said David A. Eckert, President and CEO of Yellow Pages Limited. Eckert commented on the key developments: Strong earnings . “Our Adjusted EBITDA2 for the quarter and full year was 29.1% and 32.1% of revenue, respectively, despite our continued investments in revenue initiatives, including the further expansion of our sales force.” Cash to Shareholders and Pension Plan . “During the fourth quarter, we completed the previously announced plan of arrangement, distributing $50.0 million to shareholders through a share buy back and advancing $12.0 million of voluntary contributions to our Defined Benefit Pension Plan’s wind-up deficit. In addition, consistent with our deficit-reduction plan announced in May 2021, we made $1.5 million of voluntary incremental payments in the quarter and $6.0 million for the full year toward our Pension Plan’s wind-up deficit, bringing the total voluntary contributions to our Defined Benefit Pension Plan’s wind-up deficit in 2023 to $18.0 million.” Healthy cash balance . “Following the disbursements to shareholders and the Pension Plan, our steady cash generation has grown cash on hand to approximately $27.0 million at the end of January.” Continued progress on revenue initiatives . “The headwinds in the global economy and, particularly, the Canadian small business sector contributed to a challenging quarter for revenue. However, we remain pleased with our progress on underlying metrics, including the size of our sales force, our rate of churn of customers, and our rate of gaining new accounts. In particular, our rate of gaining new accounts was 28.5% higher than in the previous year. We believe these fundamentals bode well for our medium- and long-term future.” Optimistic outlook for “revenue curve.” “After 2023’s four quarters of declining rate of change of revenue vs. prior year, we expect in the first quarter of 2024 a resumption of our climb toward revenue stability.” Increase in quarterly cash dividend. “Our board has modified the dividend policy of paying a quarterly cash dividend to common shareholders by increasing the dividend from $0.20 per share to $0.25 per share.” Quarterly dividend declared . “Our Board has declared a dividend of $0.25 per common share, to be paid on March 15, 2024 to shareholders of record as of February 27, 2024.” Financial Highlights (In thousands of Canadian dollars, except percentage information and per share information) *Includes voluntary contributions to the Defined Benefit Pension Plan (the “Pension Plan”) of $12.0 million, made during the fourth quarter of 2023 ($24.0 million in the fourth quarter of 2022) pursuant to the plan of arrangement (the “Arrangement”). (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 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. 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. Fourth Quarter of 2023 Results Total revenues decreased 13.4% year-over-year and amounted to $55.9 million for the three-month period ended December 31, 2023 compared to the decrease of 5.9% reported for the same period last year. Adjusted EBITDA less CAPEX1 totalled $15.3 million and the EBITDA less CAPEX margin1 was 27.4%. Net income amounted to $12.2 million, or to $0.71 per diluted share. Financial Results for the Fourth Quarter of 2023 Total revenues for the fourth quarter ended December 31, 2023 decreased by 13.4% to $55.9 million, as compared to $64.6 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 12.1% year-over-year and amounted to $45.3 million for the three-month period ended December 31, 2023, as compared to $51.5 million for the same period last year. The revenue decline is mainly attributable to a decrease in digital customer count partially offset by a higher spend per customer. Total print revenues decreased 18.7% year-over-year and amounted to $10.6 million during the fourth quarter of 2023 compared to $13.1 million in the fourth quarter of 2022. The revenue decline was mostly attributable to decreases in the number of print customers and to a lesser extent, the spend per customer. The decline rate of revenues increased year-over-year. Total revenue decline of 13.4% this quarter compares to a decline of 5.9% reported for the same period last year. Digital revenue decline of 12.1% this quarter compares to a decline of 4.3% reported for the same period last year. Print revenue decline of 18.7% this quarter compares to a decline of 11.7% reported for the same period last year. The higher decline rates are attributable to a decrease in customer count in both digital and print, and to customer claim rates remaining stable in 2023, while 2022 benefited from a substantial improvement. These pressures, augmented by the economic headwinds, were partially offset by a higher spend per customer in digital, driven in part by increased pricing. Adjusted EBITDA1 decreased to $16.2 million or 29.1% of revenues in the fourth quarter ended December 31, 2023, relative to $21.0 million or 32.5% of revenues for the same period last year. The decrease in Adjusted EBITDA and Adjusted EBITDA margin for the three-month period ended December 31, 2023 is the result of revenue pressures, the ongoing investments in our tele-sales force capacity and higher bad debt expense, partially offset by the impact of the Company’s share price on cash settled stock-based compensation expense, price increases, the efficiencies from optimization in cost of sales and reductions in other operating costs including reductions in our workforce and associated employee expenses. Revenue pressures, coupled with increased headcount in our salesforce partially offset by continued optimization, will continue to cause some pressure on margins in upcoming quarters. Adjusted EBITDA less CAPEX decreased by $4.7 million to $15.3 million during the fourth quarter of 2023, compared to $20.0 million during the same period last year. The decrease in Adjusted EBITDA less CAPEX for the three-month period ended December 31, 2023 is mainly due to lower Adjusted EBITDA. Net income for the three-month period ended December 31, 2023 amounted to $12.2 million as compared to net income of $29.4 million for the same period last year. The decrease is mainly attributable to higher recognition of previously unrecognized tax attributes and temporary differences in 2022. Income before taxes decreased from $16.7 million for the fourth quarter of 2022 to $12.4 million for the three-month period ended December 31, 2023, explained principally by the decrease in Adjusted EBITDA. Cash flows from operating activities increased by $7.3 million to $6.7 million for the three-month period ended December 31, 2023. The increase is mainly due to a decrease in funding of post-employment benefits plans $12.2 million resulting from the difference in funding pursuant to the 2023 Arrangement compared to the 2022 Arrangement and an increase of $0.7 million from changes in operating assets and liabilities, partially offset by lower Adjusted EBITDA of $4.7 million, higher income taxes paid of $0.6 million and higher restructuring and other charges paid of $0.3 million. The change in operating assets and liabilities is mainly due to the timing in the collection of trade receivables and the payment of trade receivables as well as the impact of the share price on the cash settled stock-based compensation. (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 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. 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. Financial Results for the Year Ended December 31 of 2023 Total revenues for the year ended December 31, 2023 decreased by 10.8% to $239.4 million, as compared to $268.3 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 9.0% year-over-year and amounted to $190.3 million for the year ended December 31, 2023, as compared to $209.1 million for the same period last year. The revenue decline for the period ended December 31, 2023, was mainly attributable to a decrease in digital customer count partially offset by an increase in average spend per customer. Total print revenues decreased 17.0% year-over-year and amounted to $49.1 million for year ended December 31, 2023. The revenue decline is mainly attributable to the decrease in the number of print customers and to a lesser extent, a decrease in spend per customer. The decline rate of revenues increased year-over-year. The higher decline rate is attributable, in part, to (a) the headwinds in the global economy, whereby, customer renewal rates have remained strong but stable while the improvements in average spend per customer has slowed as customers look to optimize their spend, (b) customer claim rates remaining stable in 2023, while 2022 benefited from a substantial improvement and (c) a cybersecurity incident which resulted in the Company’s operations and IT systems being suspended for approximately three weeks during the second quarter of 2023. For the year ended December 31, 2023 Adjusted EBITDA1 decreased by $19.7 million or 20.7% to $76.9 million, compared to $96.6 million for the same period last year. The adjusted EBITDA margin1 decreased during the year ended December 31, 2023 to 32.1%, compared to 36.0% for the same period last year. The decrease in Adjusted EBITDA and Adjusted EBITDA margin for the year ended December 31, 2023 is the result of revenue pressures and the ongoing investments in our tele-sales force capacity, partially offset by the efficiencies from optimization in cost of sales and reductions in other operating costs including reductions in our workforce and associated employee expenses, lower variable compensation expense and the impact of the Company’s share price on cash settled stock-based compensation expense. Furthermore, the Company received a total of $1.1 million of emergency wage subsidies for the year ended December 31, 2022. Revenue pressures, coupled with increased headcount in our salesforce partially offset by continued optimization, will continue to cause pressure on margins in upcoming quarters. For the year ended December 31, 2023 Adjusted EBITDA less CAPEX1 decreased by $18.7 million or 20.4% to $72.9 million, compared to $91.6 million for the same period last year. The adjusted EBITDA less CAPEX margin1 decreased during the year ended December 31, 2023 to 30.4%, compared to 34.1% for the same period last year. The decrease in Adjusted EBITDA less CAPEX and Adjusted EBITDA less CAPEX margin for the year ended December 31, 2023 is driven by the decrease in Adjusted EBITDA, partially offset by the decrease in CAPEX spend. The decrease in CAPEX spend is partly due to the nature of Information Technology spend whereby more of the spend was classified as operating versus capital in nature. Furthermore, the CAPEX spend during the year ended December 31, 2022 was impacted by the integration of new products. Net income decreased to $47.4 million for the year ended December 31, 2023 compared to net income of $73.4 million for the same period last year. The decrease in net income for the year ended December 31, 2023 is mainly due to lower Adjusted EBITDA and higher income tax expense, partially offset by the decrease in depreciation and amortization, restructuring and other charges and financial charges. Cash flows from operating activities decreased by $2.7 million to $46.8 million for the year ended December 31, 2023 from $49.5 million last year. The decrease is mainly due to lower Adjusted EBITDA of $19.7 million, a decrease of $2.1 million from changes in operating assets and liabilities partially offset by a decrease in funding of post-employment benefit plans of $12.0 million resulting from the difference in funding pursuant to the 2023 Arrangement compared to the 2022 Arrangement, the decrease in stock-based compensation cash settlements of $1.3 million, lower income taxes paid of $4.8 million, and lower restructuring and other charges paid of $1.6 million. The change in operating assets and liabilities is mainly due to the timing in the collection of trade receivables and the payment of trade receivables as well as the impact of the share price on the cash settled stock-based compensation expense. The first quarter of 2022 benefited from the cancellation of the forward contracts resulting in a decrease in other receivables of $3.1 million. As at December 31, 2023, the Company had $23.2 million of cash. (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 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. 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 February 14, 2024 to discuss fourth quarter 2023 results. The call may be accessed by dialing 416-695-6725 within the Toronto area, or 1-866-696-5910 outside of Toronto, Passcode 6613383#. 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: http s :// c o rp o r ate. yp . c a/e n / i n v e s to rs /f i n a n cial-r epo r t s . The conference call will be archived in the Investors section of the site at: http s :// c o rp o r ate. yp . c a/e n / i n v e s to rs /f i n a n cial- e v e n t s- p r e s enta tio n s . 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. c o rp o r ate. y p. c a . 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 and completion of the plan of arrangement). These statements are forward-looking as they are based on our current expectations, as at February 13, 2024, 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 February 13, 2024 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 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 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 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 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 19 of our February 13, 2024 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. 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 IFRS financial measure 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 consolidated statements of income. Refer to pages 8 and 14 of the February 13, 2024 MD&A for a reconciliation of Adjusted EBITDA less CAPEX. Yellow Pages Limited Reports Fourth Quarter and Full Year 2023 Financial and Operating Results and Announces an Increase in Quarterly Cash Dividends1 Back to News Print Print

Press Releases Back to News Back to News Montreal (Quebec), November 10, 2022 — 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 and nine months ended September 30, 2022. “Today we report continued strong profitability and yet more progress toward revenue stability,” said David A. Eckert, President and CEO of Yellow Pages Limited. Eckert commented on the key developments: Ever closer to revenue stability. “For the eighth consecutive quarter since COVID-19 hit, and the thirteenth of the last fifteen quarters overall, we report a favorable ‘bending of the revenue curve’ in Q3, with a better rate of change in revenue than reported for the previous quarter.” Strong quarterly earnings. “Our Adjusted EBITDA2 for the quarter was 39.8% of revenue, even higher than last year’s third quarter, despite our continued, productive investments in revenue initiatives and evolving product mix.” Cash to Shareholders and to Pension Plan. “On October 4, 2022, we completed the previously announced plan of arrangement. The Company used $100 million of discretionary cash to buy back the Company’s shares and contributed $12 million of the planned $24 million voluntary contributions to the Defined Benefit Pension Plan (the “Pension Plan”). The remaining voluntary contributions to the Pension Plan will be made by the end of the year as necessitated by the plan of arrangement. In addition, consistent with our previously announced deficit-reduction plan, in the third quarter of 2022, we made $1 million of voluntary incremental payments toward our Pension Plan’s wind-up deficit.” Healthy cash balance. “Even after the disbursements to shareholders and the Pension Plan, our cash balance at the end of October was approximately $39 million.” Quarterly dividend declared. “Our Board has declared a dividend of $0.15 per common share, to be paid on December 15, 2022 to shareholders of record as of November 24, 2022.” (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. Therefore, they are unlikely to be comparable to similar measures presented by other public companies. Refer to the section on Non-GAAP financial measures on page 4 of this document for more details. Third Quarter of 2022 Results Total revenues decreased 6.5% year-over-year and amounted to $66.3 million for the three-month period ended September 30, 2022, an improvement from the decrease of 6.7% reported last quarter. Adjusted EBITDA less CAPEX1 totalled $25.1 million and the EBITDA less CAPEX margin1 was 37.9%. Net earnings increased to $16.7 million, or to $0.60 per diluted share. Financial Results for the Third Quarter of 2022 Total revenues for the third quarter ended September 30, 2022 decreased by 6.5% to $66.3 million, as compared to $70.9 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. The decline rates for total revenues, digital revenues and print revenues all improved significantly year-over-year. Total revenue decline of 6.5% this quarter compares to a decline of 11.7% reported for the same period last year. Digital revenue decline of 5.0% this quarter compares to a decline of 10.3% reported for the same period last year. Print revenue decline of 11.7% this quarter compares to a decline of 16.0% reported for the same period last year. These improvements were due to better spend per customer, increased renewal rates as well as improvement in customer claims. The improved customer spend per customer is due in part to increased pricing. Adjusted EBITDA1 decreased by $0.2 million or 0.9% to $26.4 million for the three-month period ended September 30, 2022, compared to $26.6 million for the same period last year. The Adjusted EBITDA margin1 increased by 2.3% to 39.8% for the third quarter of 2022 compared to 37.5% for the same period last year. The decrease in Adjusted EBITDA is the result of revenue pressures as well as ongoing investments in our tele-sales force capacity, partially offset by price increases, the efficiencies from optimization in cost of sales, reductions in other operating costs including reductions in our workforce and associated employee expenses, the decrease in bad debt expense and the decrease in cash-settled stock-based compensation expense. Revenue pressures, coupled with increased headcount in our salesforce partially offset by continued optimization, will continue to cause some pressure on margin in upcoming quarters. Adjusted EBITDA less CAPEX decreased by $0.2 million or 0.9% to $25.1 million for the three-month period ended September 30, 2022, compared to $25.3 million for the same period last year. The decrease is driven by the decrease in Adjusted EBITDA. The adjusted EBITDA less CAPEX margin has increased to 37.9% for the third quarter of 2022 from 35.7% for the same period last year. Net earnings increased to $16.7 million for the three-month period ended September 30, 2022 compared to net earnings of $13.7 million, for the same period last year. The increase in net earnings of $3.0 million for the three-month period ended September 30, 2022, compared to the same period last year, is explained principally by the decrease in Adjusted EBITDA1 and higher provision for income taxes, being more than offset by decreases in depreciation and amortization, restructuring and other charges and financial charges. Cash flows from operating activities decreased by $3.8 million to $20.9 million for the three-month period ended September 30, 2022. The decrease is mainly due to lower Adjusted EBITDA of $0.2 million and to a decrease of $6.2 million from the change in operating assets and liabilities, partially offset by income taxes received of $0.4 million, lower funding of post-employment benefit plans of $0.6 million, lower stock-based compensation cash payments of $1.0 million and lower restructuring and other charges paid of $0.8 million. The change in operating assets and liabilities is mainly due to the timing in the collection of trade receivables and the timing of payment of trade payables as well as the impact of the share price on cash settled share-based compensation. As at September 30, 2022, the Company had $144.7 million of cash. (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. Therefore, they are unlikely to be comparable to similar measures presented by other public companies. Refer to the section on Non-GAAP financial measures on page 4 of this document for more details. Plan of Arrangement On August 4, 2022, the Board approved a distribution to shareholders of approximately $100.0 million by way of a share repurchase from all shareholders pursuant to a statutory arrangement under the Business Corporations Act (British Columbia) (the ‘’Arrangement’’). Under the Arrangement, the Company will also advance the previously announced voluntary incremental cash contributions to the Defined Benefit Pension Plan’s (the “Pension Plan”) wind-up deficit by an amount of $24.0 million during the year ending December 31, 2022. The shareholders of the Company (the “Shareholders”) approved the Arrangement at a special meeting of the Shareholders held on September 23, 2022 and the Company subsequently obtained the final order from the Supreme Court of British Columbia approving the Arrangement on September 27, 2022. On October 4, 2022, the Company repurchased from shareholders pro rata an aggregate of 7,949,125 common shares at a purchase price of $12.58 per share pursuant to the plan of arrangement. During October 2022, also pursuant to the plan of arrangement, the Company advanced $12.0 million to the Pension Plan’s wind-up deficit and will advance the additional $12.0 million prior to December 31, 2022. Conference Call & Webcast Yellow Pages Limited will hold an analyst and media call and simultaneous webcast at 8:30 a.m. (Eastern Time) on November 10, 2022 to discuss third quarter 2022 results. The call may be accessed by dialing 416-695-6725 within the Toronto area, or 1-866-696-5910 outside of Toronto, Passcode 2713953#. 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 November 9, 2022, 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 November 9, 2022 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 Franco Sciannamblo Senior Vice-President and Chief Financial Officer investors@yp.ca Media Treena Cooper Senior Vice President, Secretary and General Counsel 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 and are not considered an alternative to income from operations or net earnings in the context of measuring Yellow Pages performance. Adjusted EBITDA and Adjusted EBITDA margin do not have a standardized meaning under IFRS 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, business acquisitions, debt principal reductions and other sources and uses of cash, which are disclosed on page 14 of our November 9, 2022 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 interim condensed 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. 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 IFRS financial measure 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 page 9 of the November 9, 2022 MD&A for a reconciliation of Adjusted EBITDA less CAPEX. Yellow Pages Limited Reports Strong Third Quarter 2022 Financial and Operating Results and Declares a Cash Dividend(1) Back to News Print Print

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Yellow Pages Governance: our Committee Charter Copyright © 2023 Yellow Pages Digital & Media Solutions Limited. All Rights Reserved. Governance of Yellow Pages Limited The Board of Directors of the Corporation (the “Board”) establishes the overall policies for the Corporation, monitors and evaluates the Corporation’s strategic direction, and retains plenary power for those functions not specifically delegated by it to its Committees or to management. Accordingly, consistent with the duties of directors pursuant to the Canada Business Corporations Act, the mandate of the Board is to supervise, the management of the business and affairs of the Corporation with a view to its best interests, and in determining whether it is doing so, the Board may consider the interests of shareholders and other stakeholders. Management’s role is to conduct the day-to-day operations in a way that will meet this objective. From time to time, the Board may formally adopt and review mandates for its Committees and may, in addition, delegate certain tasks to its Committees. However, such mandates and delegation of tasks do not relieve the Board of its overall responsibilities. Consult the full document: Charter of the Board of Directors PDF - 126.8 KB Charter of the Board of Directors Approved by the Board of the Corporation on December 20, 2012. Last revision: November 8, 2023. of the Board of Directors of Yellow Pages Limited The primary responsibility for the financial reporting and disclosure controls and procedures, accounting systems and internal controls over financial reporting of Yellow Pages Limited (the “Corporation”) is vested in senior management and is overseen by the board of directors (the “Board”). The Committee is a standing committee of the Board established to assist the Board in fulfilling its responsibilities in this regard. Consult the full document: Charter of the Audit Committee PDF - 144.9 KB Charter of the Audit Commitee Approved by the Board of the Corporation on December 20, 2012. Last revision: November 8, 2023. of the Board of Directors of Yellow Pages Limited The Committee is responsible for assisting the Board of Directors of the Corporation (the “Board”) in discharging its responsibilities relating to executive and other human resources hiring, assessment, compensation and succession planning. The Committee shall have unrestricted access to the Corporation's personnel and documents and will be provided with the resources necessary to carry out its responsibilities. The Committee may engage outside advisors at the expense of the Corporation in order to assist the Committee in the performance of its duties and set and pay the compensation for such advisors. Consult the full document: Charter of the HR and Compensation Committee PDF - 113.2 KB Charter of the Human Resources and Compensation Committee Approved by the Board of the Corporation on December 20, 2012. Last revision: December 29, 2023 of the Board of Directors of Yellow Pages Limited The Corporate Governance and Nominating Committee (the “Committee”) assists the Corporation in (i) developing the Corporation's approach to corporate governance issues that are consistent with high standards of corporate governance, (ii) identifying and recommending new Board nominees and director nominees for each committee of the Board (except where, in respect of any special committee established by the Board, the director nominees for such committee are recommended by the Board as a whole), (iii) assessing the effectiveness of the Board and its committees as a whole and the contribution of individual members, and (iv) overseeing orientation and continuing education programs for Directors. Consult the full document: Charter of the Corporate Governance and Nominating Committee PDF - 123.3 KB Charter of the Corporate Governance and Nominating Committee Approved by the Board of Directors of the Corporation on December 20, 2012. Last revision: December 29, 2023 Governance Incorporation Corporate Governance Guidelines Committee Charters Code of Ethics Contact the Board Governance Incorporation Corporate Governance Guidelines Committee Charters Code of Ethics Contact the Board

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Contact Yellow Pages Offices in our locations in Canada: Montreal, Toronto, Calgary, Winnipeg, Burnaby, Saint John and Dartmouth. Copyright © 2023 Yellow Pages Digital & Media Solutions Limited. All Rights Reserved. Customer Service For all inquiries related to a Yellow Pages customer account: 1 877 909-9356 Click here for other options. Distribution Services For inquiries related to the distribution of the print directory or to opt-out of receiving: 1 800 268-5637 or click here . Media Inquiries For all media-related inquiries, please contact the corporate communications team: media@yp.ca Yellow Pages telephone directory ordering or opt-out The Custom Delivery program offers people the choice of how to receive their directory or to stop receiving the print copy. To customize your directory order, click here or call 1 800 268-5637 . Our Office Locations Montreal 1751 Rue Richardson Suite 8.300 Montreal, Quebec H3K 1G6 Main number: (514) 934-2611 Toll free number: 1 800 361-6010 Contact Us

Back to News 11 février 2021 Résultats financiers et opérationnels du 4e trimestre de 2020 Ajouter à mon agenda Communiqué de presse (263,0 Kio) Rapport de gestion (313,8 Kio) États financiers (409,8 Kio) Renseignements supplémentaires (3,8 Mio) Webdiffusion de la conférence téléphonique (en anglais) Retour aux événements Événements

Communiqués de presse Back to News Retour aux nouvelles Print Retour aux nouvelles Print Montréal (Québec), le 30 novembre 2023 - Pages Jaunes Limitée (TSX : Y) (la « Société »), un chef de file en matière de médias numériques et de solutions marketing au Canada, a annoncé aujourd’hui que les actionnaires de la Société (les « actionnaires ») ont approuvé l'arrangement préalablement annoncé par la Société en vertu de la loi de Colombie-Britannique intitulée Business Corporations Act (l’« arrangement ») lors d'une assemblée extraordinaire des actionnaires tenue aujourd'hui (l’« assemblée »). La résolution spéciale approuvant l'arrangement a été approuvée par 99,85% des voix exprimées par les actionnaires présents virtuellement ou représentés par les fondés de pouvoir à l'assemblée. Aux termes de l’arrangement, la Société rachètera aux actionnaires, au prorata, un total de 4,440,497 actions ordinaires au prix de rachat de 11,26 $ par action, soit le cours moyen pondéré en fonction du volume pendant les cinq jours de bourse consécutifs se terminant le jour de bourse précédant immédiatement le 19 octobre 2023. La Société avancera également les cotisations en espèces supplémentaires facultatives annoncées préalablement d’un montant de 12 millions de dollars en vue de réduire le déficit attribuable à la résiliation du régime à prestations déterminées de la Société (le « régime de retraite ») au cours de l’exercice se clôturant le 31 décembre 2023, ce qui portera les paiements en espèces de 2023 au déficit attribuable à la résiliation du régime de retraite à 18 millions de dollars d'ici la fin de l'année. L'arrangement reste soumis à la réception de l'approbation de la Cour suprême de la Colombie-Britannique (la « Cour »). L'audience de la Cour pour obtenir l’ordonnance définitive approuvant l'arrangement est actuellement prévue pour le 5 décembre 2023, et l'arrangement devrait être conclu le 12 décembre 2023. Des renseignements supplémentaires concernant les modalités de l'arrangement figurent dans la circulaire de sollicitation de procurations de la direction de la Société datée du 27 octobre 2023, qui est disponible sous le profil de la Société à l'adresse www.sedarplus.ca et sur le site Web de la Société à l'adresse https://www.corporate.yp.ca/fr-pages-jaunes . 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 . La Société détient également les applications mobiles PJ, Canada411 et 411 ainsi que les annuaires imprimés Pages Jaunes. Pour plus d’information, visitez notre site Web à https://www.corporate.yp.ca/fr-pages-jaunes . Mise en garde concernant les énoncés prospectifs Le présent communiqué de presse contient des déclarations prospectives sur l’arrangement au sens des lois sur les valeurs mobilières applicables. La réalisation de l'arrangement est soumise à un certain nombre de risques. Les risques qui pourraient faire en sorte que nos résultats diffèrent sensiblement de nos attentes actuelles et qui pourraient avoir une incidence sur l'arrangement sont abordés à la section 5 de notre rapport de gestion du 8 août 2023. Nous n’avons aucune intention ni ne nous engageons à le faire, sauf si cela est exigé conformément à la loi, de mettre à jour les déclarations prospectives même si de nouveaux renseignements venaient à notre connaissance, par suite d’événements futurs ou pour toute autre raison. Personnes‑ressources : Investisseurs et médias Franco Sciannamblo Premier vice‑président et chef de la direction financière investors@pj.ca Pages Jaunes Limitée annonce l'approbation de l'arrangement lors de l'assemblée extraordinaire