European Directories BondCo S.C.A. announces administrative court ruling in tax case

European Directories BondCo S.C.A. announced today that the Helsinki
Administrative Court has issued a ruling in a tax dispute against one of
European Directories BondCo S.C.A's indirect subsidiaries, Finderia Oy (in
liquidation). The Administrative Court’s ruling imposes an income tax and
penalty interest on Finderia Oy amounting to approximately EUR 50 million.

The income tax liability is related to asset valuations in connection with
Finderia Oy’s liquidation. The European Directories Group maintains its position
that the tax claim is unfounded. The present ruling contravenes previous court
rulings and misinterprets applicable law. Finderia Oy will appeal the
Administrative Court's decision and also request that the payment of any tax is
deferred.
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For further information, please contact:

Group CFO

Neil Robson
Tel +31 20 487 36 88

E-mail: ir@europeandirectories.com

European Directories Group is an online partner for SMEs offering local search
and lead generation with a scalable business model. The European Directories
Group operates through three main brands: Fonecta in Finland, Herold in Austria
and DTG in the Netherlands. More information about the European Directories
Group can be found at www.europeandirectories.com.

The information in this announcement is required to be disclosed by European
Directories BondCo S.C.A. under the Swedish Securities Markets Act (Sw. lagen om
värdepappersmarknaden) and article 15(2) of the Luxembourg law of 10 January
2008 on transparency obligations, as amended and article 13 of the Grand Ducal
Regulation of 11 January 2008 on transparency obligations. This information was
released for publication at 08:30 CET on 18 September 2015.