Spreadsheet: dd3b84e1-1e14-4759-90bd-5b47340ca631
Sheet: Reconciliation (1st Qtr 2010)

SuperMedia Inc.
Consolidated Statements of Operations
Reconciliation from Reported (GAAP) to Adjusted Pro Forma (Non-GAAP)
Three Months Ended March 31, 2010
 |  |  |  |  |  |  |  | (dollars in millions, except per share amounts)
 |  |  | Adjustments |  |  |  | Pro Forma Items
 |  | [NAME]. Ended 3/31/10 | Restructuring Costs (3) | Reorganization Items (4) | Health Care Reform Act (5) | [NAME]. Ended 3/31/10 | Fresh Start Accounting Items (6) | [NAME]. Ended 3/31/10
Unaudited |  | Reported (GAAP) |  |  |  | Adjusted  (Non-GAAP) |  | Adjusted   Pro Forma   (Non-GAAP)
Operating Revenue |  | 154 | 0 | 0 | 0 | 154 | 379 | 533
Operating Expense
Selling |  | 109 | 0 | 0 | 0 | 109 | 43 | 152
Cost of sales (exclusive of depreciation and amortization) |  | 89 | 0 | 0 | 0 | 89 | 49 | 138
General and administrative |  | 52 | -2 | 0 | 0 | 50 | 30 | 80
Depreciation and amortization |  | 48 | 0 | 0 | 0 | 48 | 0 | 48
Total Operating Expense |  | 298 | -2 | 0 | 0 | 296 | 122 | 418
Operating Income (Loss) |  | -144 | 2 | 0 | 0 | -142 | 257 | 115
Interest expense, net |  | 72 | 0 | 0 | 0 | 72 | 0 | 72
Income (Loss) Before Reorganization Items and Provision
(Benefit) for Income Taxes |  | -216 | 2 | 0 | 0 | -214 | 257 | 43
Reorganization items |  | 2 | 0 | -2 | 0 | 0 | 0 | 0
Income (Loss) Before Provision (Benefit) for Income Taxes |  | -218 | 2 | 2 | 0 | -214 | 257 | 43
Provision (benefit) for income taxes |  | -75 | 1 | 1 | -7 | -80 | 98 | 18
Net Income (Loss) |  | -143 | 1 | 1 | 7 | -134 | 159 | 25
Basic and Diluted Earnings (Loss) per [NAME] |  | -9.56 | 0.09 | 0.09 | 0.48 | -8.9 | 10.59 | 1.69
Operating Income (Loss) |  | -144 | 2 | 0 | 0 | -142 | 257 | 115
Depreciation and Amortization |  | 48 | 0 | 0 | 0 | 48 | 0 | 48
EBITDA (non-GAAP) (1) |  | -96 | 2 | 0 | 0 | -94 | 257 | 163
Operating income (loss) margin (2) |  | -0.935064935064935 |  |  |  | -0.922077922077922 |  | 0.2157598499061914
Impact of depreciation and amortization |  | 0.3116883116883117 |  |  |  | 0.3116883116883117 |  | 0.09005628517823641
EBITDA margin (non-GAAP) (1) |  | -0.6233766233766234 |  |  |  | -0.6103896103896104 |  | 0.3058161350844278
Notes:
(1)  EBITDA is a non-GAAP measure that represents earnings before interest, taxes, depreciation, and amortization. EBITDA margin is a non-GAAP measure
calculated by dividing EBITDA by operating revenue.
(2)  Operating income (loss) margin is calculated by dividing operating income (loss) by operating revenue.
(3)  Restructuring costs are associated with strategic organizational realignment and market exit initiatives.
(4)  Reorganization items represent charges that are directly associated with the process of reorganizing the business under Chapter 11 of the United States
Bankruptcy Code.
(5)  As a result of the passage of the Health Care Reform Act in March of 2010, the future benefit of certain deferred tax assets was eliminated, resulting in
a charge in three months ended March 31, 2010.
(6)  Fresh start accounting items include adjustments for revenue and expense items that would have been otherwise amortized into the Company's
statement of operations but were written off at December 31, 2009 as prescribed by United States Generally Accepted Accounting Principles.