Dex Media, Inc. to Begin Trading on the New York Stock Exchange

Denver, Colorado - Dex Media, Inc. (NYSE: DEX) will begin trading its common stock on the New York Stock Exchange (NYSE) on Thursday, July 22, under the new ticker symbol "DEX." The initial public offering of 53,061,224 shares of common stock will be priced at $19.00 per share. In the offering, 19,736,842 shares are being sold by Dex Media, Inc. and 33,324,382 shares are being sold by the selling shareholder. The underwriters have an option to purchase from the selling shareholder up to 7,959,000 additional shares to cover any over-allotments. Dex Media will not receive any of the proceeds from the sale of shares by the selling shareholder.

Morgan Stanley, Lehman Brothers Inc. and Merrill Lynch & Co. served as joint book running managers for the offering, with Banc of America Securities LLC, Citigroup, Credit Suisse First Boston, Deutsche Bank Securities, Goldman Sachs & Co., JP Morgan and Wachovia Securities acting as co-managers.

A registration statement relating to this offering was filed with and declared effective by the Securities and Exchange Commission. The offering is being made solely by means of a prospectus. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, and there shall not be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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