Idearc Shareholders, Analysts and Members of the Financial Community:

We are pleased to welcome you as an interested party in Idearc. Idearc consists primarily of assets, liabilities, businesses and employees engaged in the delivery of our multi-platform suite of advertising products. Our company's financial statements are reported under Idearc Inc.

Our strategy is to connect buyers and sellers with a multi-platform of advertising solutions including Verizon® Yellow Pages, Verizon® White Pages, smaller-sized portable Verizon® Yellow Pages Companion Directories, FairPoint® Yellow Pages, FairPoint® White Pages, FairPoint® Yellow Pages Companion Directories, Superpages.com®, Superpages MobileSM, Solutions At Hand™ magazine, and Solutions on the Move™ and Solutions Direct™ direct mail packages.

We will continue to be the exclusive official publisher of Verizon print directories in the markets in which Verizon is currently the incumbent local exchange carrier and will under appropriate circumstances have the right to utilize the Verizon Logo on our directories in Idearc's independent markets.

We believe that our independence will allow us to more effectively focus on meeting our financial and business objectives and provides an opportunity to deliver more value than we could as a subsidiary of Verizon. Idearc shares are listed on the New York Stock Exchange under the symbol "IAR".

Some statements on this website constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and 21E of the Securities Exchange Act of 1934. You should not place undue reliance on these statements. Statements that include the words may, could, should, would, believe, anticipate, forecast, estimate, expect, intend, plan, project, outlook and similar statements of a future or forward-looking nature identify forward-looking statements. Forward-looking statements address matters that involve risks and uncertainties. Accordingly, there are or will be important factors that could cause our actual results to differ materially from those indicated in these statements. We believe that these factors include, but are not limited to, the following:

• risks related to our substantial indebtedness;

• risks related to our declining revenue;

• limitations on our operating and strategic flexibility under the terms of our debt agreements;

• changes in our competitive position due to competition from other yellow pages directories publishers and other traditional and new media and our ability to anticipate or respond to changes in technology and user preferences;

• declining use of print yellow pages directories;

• access to capital markets and changes in credit ratings;

• changes in the availability and cost of paper and other raw materials used to print our directories and our reliance on third-party providers for printing and distribution services;

• increased credit risk associated with our reliance on small-and-medium-sized businesses;

• changes in our operating performance;

• increased demands on our management team as a result of operating as an independent company;

• our ability to attract and retain qualified executives;

• our ability to maintain good relations with our unionized employees;

• changes in U.S. labor, business, political and/or economic conditions;

• changes in governmental regulations and policies and actions of regulatory bodies;

• risks inherent in our spin-off from our former parent corporation, Verizon Communications Inc., which we refer to as Verizon, including increased costs and reduced profitability associated with operating as an independent company; and

• risks associated with our obligations under agreements entered into with Verizon in connection with our spin-off.

For a more detailed discussion of these and other factors, see the text under "Item 1A. Risk Factors" in Part I of our Annual Report on Form 10-K for the year ended December 31, 2007. Idearc does not undertake any obligation to publicly update or revise any forward-looking statements to reflect new information or subsequent events or circumstances.

Recent Releases

Sep 3, 2008
CORRECTING and REPLACING Idearc Executives to Present at Goldman Sachs Communacopia XVII Conference

Sep 3, 2008
Idearc Executives to Present at Goldman Sachs Communacopia XVII Conference

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Events

Sep 18, 2008
Goldman Sachs Communacopia XVII Conference

Sep 17, 2008
CL King Best Ideas Conference

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