Oct 30, 2008

D&B Announces Third Quarter 2008 Results; Updates Guidance

Q3 08 Financial Schedules

 

    --  Diluted EPS Before Non-Core Gains and Charges Up 14%; GAAP
        Diluted EPS Up 26%, due primarily to the favorable resolution
        of tax matters

    --  Core and Total Revenue Up 8% Before the Effect of Foreign
        Exchange; Up 9% After the Effect of Foreign Exchange

    --  Full year Core Revenue guidance updated to approximately 8%
        growth, compared with original guidance of 8% to 10% growth;
        all other guidance metrics remain unchanged

SHORT HILLS, N.J.--(BUSINESS WIRE)--Oct. 30, 2008--D&B (NYSE: DNB), the leading provider of global business information, tools and commercial insight, today reported results for the third quarter ended September 30, 2008.

Third Quarter 2008 Results

Diluted earnings per share before non-core gains and charges for the quarter ended September 30, 2008, were $1.13, up 14 percent from $0.99 in the prior year similar period. On a GAAP basis, diluted earnings per share for the quarter ended September 30, 2008, were $1.18, up 26 percent from $0.94 in the prior year similar period due primarily to the favorable resolution of tax matters.

See attached Schedule 3 for a reconciliation of diluted earnings per share before non-core gains and charges to earnings per share on a GAAP basis, as well as the definitions of the non-GAAP financial measures that the Company uses to evaluate the business.

Core and total revenue for the third quarter of 2008 was $409.2 million, up 8 percent from the prior year similar period before the effect of foreign exchange (up 9 percent after the effect of foreign exchange).

Core and total revenue results for the third quarter of 2008 reflect the following by solution set:

    --  Risk Management Solutions revenue of $273.1 million, up 6
        percent before the effect of foreign exchange (up 8 percent
        after the effect of foreign exchange);

    --  Sales & Marketing Solutions revenue of $105.1 million, up 12
        percent both before and after the effect of foreign exchange;
        and

    --  Internet Solutions revenue of $31.0 million, up 14 percent
        both before and after the effect of foreign exchange.

    See attached Schedules 4 and 5 for additional detail.

Operating income before non-core gains and charges for the third quarter of 2008 was $108.4 million, up 12 percent from the prior year similar period. On a GAAP basis, operating income for the quarter was $91.2 million, down 5 percent from the prior year similar period. During the third quarter of 2008 and 2007, the Company also incurred transition costs of $3.1 million.

Net income before non-core gains and charges for the third quarter of 2008 was $62.1 million, up 6 percent from the prior year similar period. On a GAAP basis, net income for the quarter was $65.1 million, up 16 percent from the prior year similar period.

See attached Schedule 3 for additional detail.

Free cash flow for the first nine months of 2008, excluding the impact of legacy tax matters, was $273.3 million, up 9 percent from the first nine months of 2007. The Company defines free cash flow as net cash provided by operating activities less capital expenditures and additions to computer software and other intangibles. Net cash provided by operating activities for the first nine months of 2008, excluding the impact of legacy tax matters, was $322.4 million, up 7 percent from the first nine months of 2007. On a GAAP basis, net cash provided by operating activities for the first nine months of 2008 was $348.0 million, compared to $302.3 million in the prior year similar period.

See attached Schedule 4 for additional detail.

Share repurchases during the third quarter of 2008 under the Company's discretionary repurchase program totaled $57.7 million, while repurchases made to offset the dilutive effect of shares issued under employee benefit plans totaled an additional $27.8 million.

The Company ended the third quarter of 2008 with $230.6 million of cash and cash equivalents.

    Third Quarter 2008 Segment Results

    United States

Core and total revenue for the third quarter of 2008 was $311.0 million, up 7 percent from the prior year similar period. These results reflect continued strength in our core U.S. operation and were also helped in part by the timing of contract renewals, primarily in Sales and Marketing.

U.S. core and total revenue results for the third quarter of 2008 reflect the following:

    --  Risk Management Solutions revenue of $193.5 million, up 4
        percent;

    --  Sales & Marketing Solutions revenue of $88.2 million, up 10
        percent; and

    --  Internet Solutions revenue of $29.3 million, up 15 percent.

    See attached Schedules 4 and 5 for additional detail.

Operating income for the third quarter of 2008 was $109.6 million, up 7 percent from the prior year similar period. The increase was primarily due to revenue growth in the U.S. segment, partially offset by higher selling expenses and higher costs associated with acquisitions and investments to enhance the Company's strategic capabilities.

International

Core and total revenue for the third quarter of 2008 was $98.2 million, up 13 percent before the effect of foreign exchange (up 19 percent after the effect of foreign exchange) from the prior year similar period.

International core and total revenue results for the third quarter of 2008 reflect the following:

    --  Risk Management Solutions revenue of $79.6 million, up 12
        percent before the effect of foreign exchange (up 18 percent
        after the effect of foreign exchange);

    --  Sales & Marketing Solutions revenue of $16.9 million, up 20
        percent before the effect of foreign exchange (up 24 percent
        after the effect of foreign exchange); and

    --  Internet Solutions revenue of $1.7 million, down 1 percent
        both before and after the effect of foreign exchange.

    See attached Schedules 4 and 5 for additional detail.

Operating income for the third quarter of 2008 was $19.2 million, up 36 percent from the prior year similar period. The increase was primarily due to revenue growth and the net impact of foreign exchange.

    Non-Core Gains and Charges

    During the third quarter of 2008 and 2007, the Company recorded:

    --  Net pre-tax, non-core charges of $8.9 million and $0.7
        million, respectively; and

    --  Net after-tax, non-core gains of $3.0 million and net
        after-tax, non-core charges of $3.2 million, respectively.

See attached Schedule 3 for additional explanations and details of these charges.

D&B's restructuring charges may be viewed as recurring as they are part of its Financial Flexibility initiatives. In addition to reporting GAAP results, the Company reports results before restructuring charges and other non-core gains and charges because they do not reflect the Company's underlying business performance and they may have a disproportionate positive or negative impact on the results of its ongoing business operations. For additional information, see the section titled "Use of Non-GAAP Financial Measures" below.

Full Year 2008 Guidance Updated

The Company updated its full-year revenue guidance for 2008 as follows:

    --  Core revenue growth of approximately 8 percent, before the
        effect of foreign exchange, compared with original guidance of
        8% to 10% growth, before the effect of foreign exchange.

All of the Company's other full-year guidance metrics for 2008 remain unchanged:

    --  Operating income growth of 11 percent to 13 percent, or $501
        million to $510 million, before non-core gains and charges;

    --  Diluted EPS growth of 14 percent to 16 percent, or $5.19 to
        $5.29, before non-core gains and charges;

    --  Free cash flow of $337 million to $352 million, excluding the
        impact of legacy tax matters; and

    --  Tax rate of approximately 37 percent to 37.5 percent, before
        non-core gains and charges.

D&B does not provide guidance on a GAAP basis because D&B is unable to predict, with reasonable certainty, the future movement of foreign exchange rates or the future impact of non-core gains and charges, such as restructuring charges and legacy tax matters, which are a component of the most comparable financial measures calculated in accordance with GAAP. Non-core gains and charges are uncertain and will depend on several factors, including industry conditions, and could be material to D&B's results computed in accordance with GAAP.

Use of Non-GAAP Financial Measures

D&B reports non-GAAP financial measures in this press release and the schedules attached. See "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations - How We Manage Our Business" in the Company's Annual Report on Form 10-K for the year ending December 31, 2007, filed February 25, 2008 with the SEC, for a discussion of how the Company defines these measures, why it uses them and why it believes they provide useful information to investors. Additionally, these measures are defined in Schedule 3 attached to this press release

Third Quarter Teleconference

As previously announced, D&B will review its third quarter financial results in a conference call with the investment community on Friday, October 31, 2008, at 10 a.m. ET. Live audio, as well as a replay of the conference call and other related information, will be accessible on D&B's Investor Relations Web site at http://investor.dnb.com.

About D&B

D&B (NYSE:DNB) is the world's leading source of commercial information and insight on businesses, enabling companies to Decide with Confidence® for 167 years. D&B's global commercial database contains more than 130 million business records. The database is enhanced by D&B's proprietary DUNSRight® Quality Process, which provides our customers with quality business information. This quality information is the foundation of our global solutions that customers rely on to make critical business decisions.

D&B provides solution sets that meet a diverse set of customer needs globally. Customers use D&B Risk Management Solutions to mitigate credit and supplier risk, increase cash flow and drive increased profitability; D&B Sales & Marketing Solutions to increase revenue from new and existing customers; and D&B Internet Solutions to convert prospects into clients faster by enabling business professionals to research companies, executives and industries. For more information, please visit www.dnb.com.

Forward-Looking and Cautionary Statements

This press release, including, in particular, the section titled "Full Year 2008 Guidance Updated," contains projections of future results and other forward-looking statements that involve a number of trends, risks and uncertainties, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

The following important factors could cause actual results to differ materially from those projected in such forward-looking statements.

    --  D&B relies significantly on third parties to support critical
        components of its business model in a continuous and
        high-quality manner, including third-party data providers,
        strategic third party members in its Worldwide Network, and
        third parties with which it has outsourcing arrangements.

    --  Demand for D&B's products is subject to intense competition,
        changes in customer preferences and economic conditions which
        impact customer behavior.

    --  D&B's solutions and brand image are dependent upon the
        integrity and security of its global database and the
        continued availability thereof through the Internet and by
        other means, as well as our ability to protect key assets,
        such as our data centers.

    --  D&B's ability to maintain the integrity of its brand and
        reputation, which it believes are key assets and competitive
        advantages.

    --  D&B's ability to renew large contracts, the related revenue
        recognition and the timing thereof may impact its results of
        operations from period to period.

    --  D&B's results are subject to the effects of foreign economies,
        exchange rate fluctuations, legislative or regulatory
        requirements, such as the adoption of new or changes in
        accounting policies and practices, including pronouncements by
        the Financial Accounting Standards Board or other
        standard-setting bodies, and the implementation or
        modification of fees or taxes that we must pay to acquire,
        use, and/or redistribute data.

    --  As a result of the credit market crisis and other
        macro-economic challenges currently affecting the global
        economy, our customers or vendors may experience cash flow
        problems. This may cause our customers to delay, cancel or
        significantly decrease their purchases from us and impact
        their ability to pay amounts owed to us. In addition, our
        vendors may substantially increase their prices without
        notice. Such behavior may adversely affect our earnings and
        cash flow. In addition, if economic conditions in the United
        States and other key markets deteriorate further or do not
        show improvement, we may experience material adverse impacts
        to our business and operating results.

    --  D&B's ability to introduce new solutions or services in a
        seamless way and without disruption to existing solutions such
        as DNBi.

    --  D&B's ability to acquire and successfully integrate other
        complementary businesses, products and technologies into its
        existing business, without significant disruption to its
        existing business or to its financial results.

    --  The continued adherence by third party members of our D&B
        Worldwide Network to our quality standards, our brand and
        communication standards and to the terms and conditions of our
        commercial services arrangements.

    --  D&B's future success requires that it attract and retain
        qualified personnel, including members of its sales force, in
        regions throughout the world.

    --  The profitability of D&B's International segment depends on
        its ability to identify and execute on various initiatives,
        such as the implementation of subscription plan pricing and
        successfully managing its D&B Worldwide Network, and its
        ability to identify and contend with various challenges
        present in foreign markets, such as local competition and the
        availability of public records at no cost.

    --  D&B's ability to successfully implement its Blueprint for
        Growth Strategy requires that it successfully reduce its
        expense base through its Financial Flexibility initiatives,
        and reallocate certain of the expense-base reductions into
        initiatives that produce desired revenue growth.

    --  D&B is involved in various tax matters and legal proceedings,
        the outcomes of which are unknown and uncertain with respect
        to the impact on D&B's cash flow and profitability. See the
        Company's most recent Annual Report on Form 10-K and Quarterly
        Reports on Form 10-Q and notes to the financial statements
        included therewith, for a more detailed description of these
        matters.

    --  D&B's ability to repurchase shares is subject to market
        conditions, including trading volume in its stock, and its
        ability to repurchase shares in accordance with applicable
        securities laws.

    --  D&B's projection for free cash flow is dependent upon its
        ability to generate revenue, its collection processes,
        customer payment patterns, the timing and volume of stock
        option exercises and the amount and timing of payments related
        to the tax and other matters and legal proceedings in which it
        is involved, as referenced above and as more fully described
        in the Company's filings with the SEC, including its most
        recent Annual Report on Form 10-K and Quarterly Reports on
        Form 10-Q and notes to the financial statements included
        therewith.

For a more detailed discussion of the trends, risks and uncertainties that may affect D&B's operating and financial results and its ability to achieve the financial objectives discussed in this press release, readers should review the Company's most recent filings with the SEC, including the Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Copies of the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q are available on its Web site at www.dnb.com and on the SEC's web site at www.sec.gov. D&B cautions that the foregoing list of important factors is not complete and except as otherwise required by federal securities laws does not undertake any obligation to update any forward-looking statements.

The Dun & Bradstreet Corporation                            Schedule 1
Consolidated Statement of Operations (unaudited) - GAAP Results
----------------------------------------------------------------------


Amounts in                                    Effects of
 millions, except  Quarter Ended      AFX       Foreign       BFX
 per share data    September 30,   % Change    Exchange    % Change
                  ---------------
                   2008    2007   Fav/(Unfav) Fav/(Unfav) Fav/(Unfav)
                  ------- ------- ----------- ----------- -----------

Revenue:
  U.S.            $311.0  $291.9       7%           0%         7%
  International     98.2    82.8      19%           6%        13%
----------------- ------- -------

Core and Total
 Revenue          $409.2  $374.7       9%           1%         8%
----------------- ------- -------
Operating Income
 (Loss):
  U.S.            $109.6  $102.8       7%
  International
   (1)              19.2    14.1      36%
                  ------- -------
    Total
     Divisions     128.8   116.9      10%
  Corporate and
   Other (2)       (37.6)  (21.5)    (75)%
----------------- ------- -------

Operating Income    91.2    95.4      (5)%
----------------- ------- -------
Interest Income      2.9     2.3      27%
Interest Expense   (11.7)   (6.9)    (70)%
Other Income
 (Expense) - Net
 (3)                 9.9     0.1     N/M
----------------- ------- -------

Non-Operating
 Income (Expense)
 - Net               1.1    (4.5)    N/M
----------------- ------- -------

Income before
 Provision for
 Income Taxes       92.3    90.9       2%
Provision for
 Income Taxes       27.3    36.1      25%
Minority Interest
 Income (Expense)   (0.2)    0.4     N/M
Equity in Net
 Income (Loss) of
 Affiliates          0.3     0.4     (22)%
----------------- ------- -------

Income From
 Continuing
 Operations         65.1    55.6      17%

Discontinued
 Operations:

Income from
 Discontinued
 Operations, Net
 of Income Taxes       -     0.5     N/M

Gain on Disposal
 of Italian Real
 Estate business,
 No Income Tax
 Impact                -       -     N/M
----------------- ------- -------

Income from
 Discontinued
 Operations, Net
 of Income Taxes       -     0.5     N/M

----------------- ------- -------
Net Income (4)    $ 65.1  $ 56.1      16%
----------------- ------- -------

Basic Earnings
 Per Share of
 Common Stock:
   Continuing
    Operations    $ 1.21  $ 0.96      26%
   Discontinued
    Operations         -    0.01     N/M
----------------- ------- -------
Basic Earnings
 Per Share of
 Common Stock     $ 1.21  $ 0.97      25%
----------------- ------- -------

Diluted Earnings
 Per Share of
 Common Stock:
   Continuing
    Operations    $ 1.18  $ 0.93      27%
   Discontinued
    Operations         -    0.01     N/M
----------------- ------- -------
Diluted Earnings
 Per Share of
 Common Stock (5) $ 1.18  $ 0.94      26%
----------------- ------- -------

----------------- ------- -------

Weighted Average
 Number of Shares
 Outstanding:
  Basic             53.9    58.1       7%
----------------- ------- -------

  Diluted           55.0    59.6       8%
----------------- ------- -------



Amounts in
 millions,                                     Effects of
 except per       Year-To-Date         AFX       Foreign       BFX
 share data       September 30,     % Change    Exchange    % Change
               -------------------
                 2008      2007    Fav/(Unfav) Fav/(Unfav) Fav/(Unfav)
               --------- --------- ----------- ----------- -----------

Revenue:
  U.S.         $  951.5  $  886.0       7%         0%           7%
  International   300.1     248.5      21%         9%          12%
------------------------ ---------

Core and Total
 Revenue       $1,251.6  $1,134.5      10%         1%           9%
------------------------ ---------
Operating
 Income (Loss):
  U.S.         $  333.3  $  307.9       8%
  International
   (1)             57.9      45.5      27%
               --------- ---------
    Total
     Divisions    391.2     353.4      11%
  Corporate and
   Other (2)      (93.7)    (83.6)    (12)%
------------------------ ---------

Operating
 Income           297.5     269.8      10%
------------------------ ---------
Interest Income     9.0       5.3      71%
Interest
 Expense          (34.3)    (19.8)    (74)%
Other Income
 (Expense) -
 Net (3)            1.8       7.7      76%
------------------------ ---------

Non-Operating
 Income
 (Expense) -
 Net              (23.5)     (6.8)    N/M
------------------------ ---------

Income before
 Provision for
 Income Taxes     274.0     263.0       4%
Provision for
 Income Taxes      64.8      70.4       8%
Minority
 Interest
 Income
 (Expense)         (0.7)      0.9     N/M
Equity in Net
 Income (Loss)
 of Affiliates      0.9       0.8      12%
------------------------ ---------

Income From
 Continuing
 Operations       209.4     194.3       8%

Discontinued
 Operations:

Income from
 Discontinued
 Operations,
 Net of Income
 Taxes              0.7       2.1     (67)%

Gain on
 Disposal of
 Italian Real
 Estate
 business, No
 Income Tax
 Impact             0.4         -     N/M
------------------------ ---------

Income from
 Discontinued
 Operations,
 Net of Income
 Taxes              1.1       2.1     (48)%

------------------------ ---------
Net Income (4) $  210.5  $  196.4       7%
------------------------ ---------

Basic Earnings
 Per Share of
 Common Stock:
   Continuing
    Operations $   3.82  $   3.31      15%
   Discontinued
    Operations     0.02      0.04     (50)%
------------------------ ---------
Basic Earnings
 Per Share of
 Common Stock  $   3.84  $   3.35      15%
------------------------ ---------

Diluted
 Earnings Per
 Share of
 Common Stock:
   Continuing
    Operations $   3.74  $   3.23      16%
   Discontinued
    Operations     0.02      0.04     (50)%
------------------------ ---------
Diluted
 Earnings Per
 Share of
 Common Stock
 (5)           $   3.76  $   3.27      15%
------------------------ ---------

------------------------ ---------

Weighted
 Average Number
 of Shares
 Outstanding:
  Basic            54.8      58.7       7%
------------------------ ---------

  Diluted          56.0      60.2       7%
------------------------ ---------



AFX - After Effects of Foreign Exchange
BFX - Before Effects of Foreign Exchange
N/M - Not Meaningful

See Schedule 3 (Notes to Schedules), which is an integral part of the
 consolidated statement of operations.

This financial information should be read in conjunction with the
 consolidated financial statements and related notes of The Dun &
 Bradstreet Corporation contained in filings with the Securities and
 Exchange Commission.
The Dun & Bradstreet Corporation                            Schedule 2
Consolidated Statement of Operations (unaudited) - (On a Continuing
 Operations Basis) - Before Non-Core Gains and Charges
----------------------------------------------------------------------


Amounts in                                    Effects of
 millions, except  Quarter Ended      AFX       Foreign       BFX
 per share data    September 30,   % Change    Exchange    % Change
                  ---------------
                   2008    2007   Fav/(Unfav) Fav/(Unfav) Fav/(Unfav)
                  ------- ------- ----------- ----------- -----------

Revenue:
  U.S.            $311.0  $291.9       7%          0%           7%
  International     98.2    82.8      19%          6%          13%
----------------- ------- -------

Core and Total
 Revenue          $409.2  $374.7       9%          1%           8%
----------------- ------- -------
Operating Income
 (Loss):
  U.S.            $109.6  $102.8       7%
  International
   (1)              19.2    14.1      36%
                  ------- -------
    Total
     Divisions     128.8   116.9      10%
  Corporate and
   Other (2)       (20.4)  (20.4)      0%
----------------- ------- -------

Operating Income   108.4    96.5      12%
----------------- ------- -------
Interest Income      2.9     2.3      27%
Interest Expense   (11.7)   (6.9)    (70)%
Other Income
 (Expense) - Net
 (3)                 1.6    (0.3)    N/M
----------------- ------- -------

Non-Operating
 Income (Expense)
 - Net              (7.2)   (4.9)    (49)%
----------------- ------- -------

Income before
 Provision for
 Income Taxes      101.2    91.6      10%
Provision for
 Income Taxes       39.2    33.6     (17)%
Minority Interest
 Income (Expense)   (0.2)    0.4     N/M
Equity in Net
 Income (Loss) of
 Affiliates          0.3     0.4     (22)%
----------------- ------- -------

Net Income (4)    $ 62.1  $ 58.8       6%
----------------- ------- -------

Basic Earnings
 Per Share of
 Common Stock     $ 1.15  $ 1.01      14%
----------------- ------- -------

Diluted Earnings
 Per Share of
 Common Stock (5) $ 1.13  $ 0.99      14%
----------------- ------- -------

----------------- ------- -------

Weighted Average
 Number of Shares
 Outstanding:
  Basic             53.9    58.1       7%
----------------- ------- -------

  Diluted           55.0    59.6       8%
----------------- ------- -------



Amounts in
 millions,                                     Effects of
 except per       Year-To-Date         AFX       Foreign       BFX
 share data       September 30,     % Change    Exchange    % Change
               -------------------
                 2008      2007    Fav/(Unfav) Fav/(Unfav) Fav/(Unfav)
               --------- --------- ----------- ----------- -----------

Revenue:
  U.S.         $  951.5  $  886.0        7%         0%          7%
  International   300.1     248.5       21%         9%         12%
------------------------ ---------

Core and Total
 Revenue       $1,251.6  $1,134.5       10%         1%          9%
------------------------ ---------
Operating
 Income (Loss):
  U.S.         $  333.3  $  307.9        8%
  International
   (1)             57.9      46.3       25%
               --------- ---------
    Total
     Divisions    391.2     354.2       10%
  Corporate and
   Other (2)      (64.9)    (62.8)      (3)%
------------------------ ---------

Operating
 Income           326.3     291.4       12%
------------------------ ---------
Interest Income     9.0       5.3       71%
Interest
 Expense          (34.3)    (19.8)     (74)%
Other Income
 (Expense) -
 Net (3)            0.5      (0.2)     N/M
------------------------ ---------

Non-Operating
 Income
 (Expense) -
 Net              (24.8)    (14.7)     (69)%
------------------------ ---------

Income before
 Provision for
 Income Taxes     301.5     276.7        9%
Provision for
 Income Taxes     110.3     102.6       (8)%
Minority
 Interest
 Income
 (Expense)         (0.7)      0.9      N/M
Equity in Net
 Income (Loss)
 of Affiliates      0.9       0.8       12%
------------------------ ---------

Net Income (4) $  191.4  $  175.8        9%
------------------------ ---------

Basic Earnings
 Per Share of
 Common Stock  $   3.49  $   3.00       16%
------------------------ ---------

Diluted
 Earnings Per
 Share of
 Common Stock
 (5)           $   3.42  $   2.92       17%
------------------------ ---------

------------------------ ---------

Weighted
 Average Number
 of Shares
 Outstanding:
  Basic            54.8      58.7        7%
------------------------ ---------

  Diluted          56.0      60.2        7%
------------------------ ---------



AFX - After Effects of Foreign Exchange
BFX - Before Effects of Foreign Exchange
N/M - Not Meaningful

See Schedule 3 (Notes to Schedules) for a definition of Non-GAAP
 measures and a reconciliation of non-core gains and charges.

This financial information should be read in conjunction with the
 consolidated financial statements and related notes of The Dun &

 Bradstreet Corporation contained in filings with the Securities and
 Exchange Commission.
The Dun & Bradstreet Corporation                            Schedule 3
Notes to Schedules 1 and 2 (unaudited) and Definitions of Non-GAAP
 Measures



(1) The following table reconciles International Operating Income
 included in Schedule 1 and Schedule 2:

                                         Quarter Ended
                                         September 30,
                                        ---------------
                                                         % Change
 Amounts in millions                     2008    2007   Fav/(Unfav)
 -------------------------------------- ------- ------- -----------

 International Operating Income - GAAP
  Results (Schedule 1)                   $19.2   $14.1        36%

  Settlement of International Payroll
   Tax Matter Related to a Divested
   Entity                                    -       -       N/M

                                        ------- -------
 International Operating Income -
  Before Non-Core Gains and Charges
  (Schedule 2)                           $19.2   $14.1        36%
                                        ------- -------


(2) The following table reconciles Corporate and Other expenses
 included in Schedule 1 and Schedule 2:

                                         Quarter Ended
                                         September 30,
                                        ---------------
                                                         % Change
 Amounts in millions                     2008    2007   Fav/(Unfav)
 -------------------------------------- ------- ------- -----------

 Corporate and Other - GAAP Results
  (Schedule 1)                          $(37.6) $(21.5)      (75)%
  Restructuring Charges                  (17.2)   (1.1)      N/M
                                        ------- -------
 Corporate and Other - Before Non-Core
  Gains and Charges (Schedule 2)        $(20.4) $(20.4)        0%
                                        ------- -------


(3) The following table reconciles Other Income (Expense)-Net
 included in Schedule 1 and Schedule 2:

                                         Quarter Ended
                                         September 30,
                                        ---------------
                                                         % Change
 Amounts in millions                     2008    2007   Fav/(Unfav)
 -------------------------------------- ------- ------- -----------

 Other Income (Expense)-Net - GAAP
  Results (Schedule 1)                    $9.9    $0.1       N/M
  Effect of Legacy Tax Matters             0.2     0.4       (50)%
  Legacy Tax Matter related to the
   settlement of 2003 tax year               -       -       N/M
  Gain Associated with Huaxia/D&B China
   Joint Venture                             -       -       N/M
  Net Gain (Loss) on the Sale of Other
   Investments                               -       -       N/M
  Settlement of Legacy Tax Matter
   Arbitration                             8.1       -       N/M
                                        ------- -------
 Other Income (Expense)-Net - Before
  Non-Core Gains and Charges (Schedule
  2)                                      $1.6   $(0.3)      N/M
                                        ------- -------


(4) The following table reconciles Net Income included in Schedule 1
 and Schedule 2:

                                         Quarter Ended
                                         September 30,
                                        ---------------
                                                         % Change
 Amounts in millions                     2008    2007   Fav/(Unfav)
 -------------------------------------- ------- ------- -----------

 Net Income - GAAP Results (Schedule 1)  $65.1   $56.1        16%

  Restructuring Charges                  (11.0)   (0.7)      N/M
  Gain Associated with Huaxia/D&B China
   Joint Venture                             -       -       N/M
  Settlement of International Payroll
   Tax Matter Related to a Divested
   Entity                                    -       -       N/M
  Settlement of Legacy Tax Matter
   Arbitration                             5.0       -       N/M
  Net Gain (Loss) on the Sale of Other
   Investments                               -       -       N/M
  Tax Reserve true-up for the
   Settlement of 1997-2002 tax years,
   primarily related to the
   "Amortization and Royalty Expense
   Deductions/Royalty Income 1997-2007"
   transactions                              -       -       N/M
  Tax Reserve true-up for the
   Settlement of 2003 tax year, related
   to the "Amortization and Royalty
   Expense Deductions" transaction           -       -       N/M
  Favorable resolution of Global Tax
   Audits including the Liquidation of
   Dormant International Corporations
   and/or Divested Entities                9.0       -       N/M
  Impact of Revaluing the Net Deferred
   Tax Assets in the UK as a Result of
   a UK Tax Law Change, Enacted in Q3
   2007, Which Reduces the General UK
   Tax Rate From 30% to 28%                  -    (2.5)      N/M
  Interest on IRS Deposit                    -       -       N/M
  Income from Discontinued Operations,
   Net of Income Taxes                       -     0.5       N/M
  Gain on Disposal of Italian Real
   Estate business                           -       -       N/M

                                        ------- -------
 Net Income - (On a Continuing
  Operations Basis) - Before Non-Core
  Gains and Charges (Schedule 2)         $62.1   $58.8         6%
                                        ------- -------


(5) The following table reconciles Diluted Earnings Per Share
 included in Schedule 1 and Schedule 2:

                                         Quarter Ended
                                         September 30,
                                        ---------------
                                                         % Change
                                         2008    2007   Fav/(Unfav)
 -------------------------------------- ------- ------- -----------
 Diluted EPS - GAAP Results (Schedule
  1)                                     $1.18   $0.94        26%

  Restructuring Charges                  (0.20)  (0.01)      N/M
  Gain Associated with Huaxia/D&B China
   Joint Venture                             -       -       N/M
  Settlement of International Payroll
   Tax Matter Related to a Divested
   Entity                                    -       -       N/M
  Settlement of Legacy Tax Matter
   Arbitration                            0.09       -       N/M
  Net Gain (Loss) on the Sale of Other
   Investments                               -       -       N/M
  Tax Reserve true-up for the
   Settlement of 1997-2002 tax years,
   primarily related to the
   "Amortization and Royalty Expense
   Deductions/Royalty Income 1997-2007"
   transactions                              -       -       N/M
  Tax Reserve true-up for the
   Settlement of 2003 tax year, related
   to the "Amortization and Royalty
   Expense Deductions" transaction           -       -       N/M
  Favorable resolution of Global Tax
   Audits including the Liquidation of
   Dormant International Corporations
   and/or Divested Entities               0.16       -       N/M
  Impact of Revaluing the Net Deferred
   Tax Assets in the UK as a Result of
   a UK Tax Law Change, Enacted in Q3
   2007, Which Reduces the General UK
   Tax Rate From 30% to 28%                  -   (0.05)      N/M
  Interest on IRS Deposit                    -       -       N/M
  Income from Discontinued Operations,
   Net of Income Taxes                       -    0.01       N/M

                                        ------- -------
 Diluted EPS - (On a Continuing
  Operations Basis) - Before Non-Core
  Gains and Charges (Schedule 2)         $1.13   $0.99        14%
                                        ------- -------




(1) The following table reconciles International Operating Income
 included in Schedule 1 and Schedule 2:

                                          Year-to-Date
                                          September 30,
                                        ----------------
                                                          % Change
 Amounts in millions                      2008    2007   Fav/(Unfav)
 --------------------------------------- ------- ------- -------------

 International Operating Income - GAAP
  Results (Schedule 1)                    $57.9   $45.5           27%

  Settlement of International Payroll
   Tax Matter Related to a Divested
   Entity                                     -    (0.8)         N/M

                                        -------- -------
 International Operating Income - Before
  Non-Core Gains and Charges (Schedule
  2)                                      $57.9   $46.3           25%
                                        -------- -------


(2) The following table reconciles Corporate and Other expenses
 included in Schedule 1 and Schedule 2:

                                          Year-to-Date
                                          September 30,
                                        ----------------
                                                          % Change
 Amounts in millions                      2008    2007   Fav/(Unfav)
 --------------------------------------- ------- ------- -------------

 Corporate and Other - GAAP Results
  (Schedule 1)                           $(93.7) $(83.6)         (12)%
  Restructuring Charges                   (28.8)  (20.8)         (39)%
                                        -------- -------
 Corporate and Other - Before Non-Core
  Gains and Charges (Schedule 2)         $(64.9) $(62.8)          (3)%
                                        -------- -------


(3) The following table reconciles Other Income (Expense)-Net
 included in Schedule 1 and Schedule 2:

                                          Year-to-Date
                                          September 30,
                                        ----------------
                                                          % Change
 Amounts in millions                      2008    2007   Fav/(Unfav)
 --------------------------------------- ------- ------- -------------

 Other Income (Expense)-Net - GAAP
  Results (Schedule 1)                     $1.8    $7.7           76%
  Effect of Legacy Tax Matters              0.9     1.3          (31)%
  Legacy Tax Matter related to the
   settlement of 2003 tax year             (7.7)      -          N/M
  Gain Associated with Huaxia/D&B China
   Joint Venture                              -     5.8          N/M
  Net Gain (Loss) on the Sale of Other
   Investments                                -     0.8          N/M
  Settlement of Legacy Tax Matter
   Arbitration                              8.1       -          N/M
                                         ------- -------
 Other Income (Expense)-Net - Before
  Non-Core Gains and Charges (Schedule
  2)                                       $0.5   $(0.2)         N/M
                                        -------- -------


(4) The following table reconciles Net Income included in Schedule 1
 and Schedule 2:

                                          Year-to-Date
                                          September 30,
                                        ----------------
                                                          % Change
 Amounts in millions                      2008    2007   Fav/(Unfav)
 --------------------------------------- ------- ------- -------------

 Net Income - GAAP Results (Schedule 1)  $210.5  $196.4            7%

  Restructuring Charges                   (18.7)  (13.0)         (44)%
  Gain Associated with Huaxia/D&B China
   Joint Venture                              -     2.9          N/M
  Settlement of International Payroll
   Tax Matter Related to a Divested
   Entity                                     -    (0.6)         N/M
  Settlement of Legacy Tax Matter
   Arbitration                              5.0       -          N/M
  Net Gain (Loss) on the Sale of Other
   Investments                                -     0.5          N/M
  Tax Reserve true-up for the Settlement
   of 1997-2002 tax years, primarily
   related to the "Amortization and
   Royalty Expense Deductions/Royalty
   Income 1997-2007" transactions             -    31.2          N/M
  Tax Reserve true-up for the Settlement
   of 2003 tax year, related to the
   "Amortization and Royalty Expense
   Deductions" transaction                  7.7       -          N/M
  Favorable resolution of Global Tax
   Audits including the Liquidation of
   Dormant International Corporations
   and/or Divested Entities                22.7       -          N/M
  Impact of Revaluing the Net Deferred
   Tax Assets in the UK as a Result of a
   UK Tax Law Change, Enacted in Q3
   2007, Which Reduces the General UK
   Tax Rate From 30% to 28%                   -    (2.5)         N/M
  Interest on IRS Deposit                   1.3       -          N/M
  Income from Discontinued Operations,
   Net of Income Taxes                      0.7     2.1          (67)%
  Gain on Disposal of Italian Real
   Estate business                          0.4       -          N/M

                                        -------- -------
 Net Income - (On a Continuing
  Operations Basis) - Before Non-Core
  Gains and Charges (Schedule 2)         $191.4  $175.8            9%
                                        -------- -------


(5) The following table reconciles Diluted Earnings Per Share
 included in Schedule 1 and Schedule 2:

                                          Year-to-Date
                                          September 30,
                                        ----------------
                                                          % Change
                                          2008    2007   Fav/(Unfav)
 ----------------------------------------------- ------- -------------
 Diluted EPS - GAAP Results (Schedule 1)  $3.76   $3.27           15%

  Restructuring Charges                   (0.34)  (0.22)         (55)%
  Gain Associated with Huaxia/D&B China
   Joint Venture                              -    0.05          N/M
  Settlement of International Payroll
   Tax Matter Related to a Divested
   Entity                                     -   (0.01)         N/M
  Settlement of Legacy Tax Matter
   Arbitration                             0.09       -          N/M
  Net Gain (Loss) on the Sale of Other
   Investments                                -    0.01          N/M
  Tax Reserve true-up for the Settlement
   of 1997-2002 tax years, primarily
   related to the "Amortization and
   Royalty Expense Deductions/Royalty
   Income 1997-2007" transactions             -    0.52          N/M
  Tax Reserve true-up for the Settlement
   of 2003 tax year, related to the
   "Amortization and Royalty Expense
   Deductions" transaction                 0.14       -          N/M
  Favorable resolution of Global Tax
   Audits including the Liquidation of
   Dormant International Corporations
   and/or Divested Entities                0.41       -          N/M
  Impact of Revaluing the Net Deferred
   Tax Assets in the UK as a Result of a
   UK Tax Law Change, Enacted in Q3
   2007, Which Reduces the General UK
   Tax Rate From 30% to 28%                   -   (0.04)         N/M
  Interest on IRS Deposit                  0.02       -          N/M
  Income from Discontinued Operations,
   Net of Income Taxes                     0.02    0.04          (50)%

                                        -------- -------
 Diluted EPS - (On a Continuing
  Operations Basis) - Before Non-Core
  Gains and Charges (Schedule 2)          $3.42   $2.92           17%
                                        -------- -------



N/M - Not Meaningful

The following defines the non-GAAP measures used to evaluate
 performance:
* For 2008, our non-GAAP measures reflect results on a "Continuing
 Operations" basis.
* Total revenue excluding the revenue of divested businesses is
 referred to as "core revenue." Core revenue includes the revenue
 from acquired businesses from the date of acquisition.
* Core revenue growth, excluding the effects of foreign exchange, is
 referred to as "core revenue growth before the effects of foreign
 exchange." We also separately, from time to time, analyze core
 revenue growth before the effects of foreign exchange among two
 components, "organic core revenue growth" and "core revenue growth
 from acquisitions."
* Results (such as operating income, operating income growth,
 operating margin, net income, tax rate and diluted earnings per
 share) exclude Restructuring Charges (whether recurring or non-
 recurring) and certain other items that we consider do not reflect
 our underlying business performance. We refer to these Restructuring
 Charges and other items as "non-core gains and (charges)."
* Net cash provided by operating activities minus capital
 expenditures and additions to computer software and other
 intangibles is referred to as "free cash flow."

This financial information should be read in conjunction with the
 consolidated financial statements and related notes of The Dun &
 Bradstreet Corporation contained in filings with the Securities and
 Exchange Commission.


The Dun & Bradstreet Corporation                            Schedule 4
Supplemental GAAP Financial Data (unaudited)



                                                  Effects
                                                      of
                           Quarter Ended   AFX     Foreign    BFX
                           September 30, % Change Exchange  % Change
                           -------------
                                          Fav/      Fav/     Fav/
Amounts in millions         2008   2007   (Unfav)  (Unfav)   (Unfav)
-------------------------- ------ ------ -------- --------- --------

Geographic and Customer
 Solution Set Revenue:
  U.S.:
    Risk Management
     Solutions(1)           193.5  186.6      4%         0%      4%
    Sales & Marketing
     Solutions               88.2   79.9     10%         0%     10%
    Internet Solutions       29.3   25.4     15%         0%     15%
                           ------ ------

  Core and Total U.S.       311.0  291.9      7%         0%      7%
                           ------ ------
  International:
    Risk Management
     Solutions(1)            79.6   67.3     18%         6%     12%
    Sales & Marketing
     Solutions               16.9   13.7     24%         4%     20%
    Internet Solutions        1.7    1.8     (1)%        0%     (1)%
                           ------ ------

  Core and Total
   International             98.2   82.8     19%         6%     13%
                           ------ ------
Total Corporation:
    Risk Management
     Solutions(1)           273.1  253.9      8%         2%      6%
    Sales & Marketing
     Solutions              105.1   93.6     12%         0%     12%
    Internet Solutions       31.0   27.2     14%         0%     14%
                           ------ ------

Core and Total Revenue     $409.2 $374.7      9%         1%      8%
                           ------ ------

Operating Costs:
    Operating Expenses     $116.6 $103.5    (13)%
    Selling and
     Administrative
     Expenses               169.8  164.2     (3)%
    Depreciation and
     Amortization            14.4   10.5    (37)%
    Restructuring Expense    17.2    1.1    N/M
                           ------ ------

Total Operating Costs      $318.0 $279.3    (14)%
                           ------ ------

Capital Expenditures       $  3.8 $  2.1    (81)%
                           ------ ------

Additions to Computer
 Software & Other
 Intangibles               $ 11.8 $ 17.2     31%
                           ------ ------

Notes:

(1) On January 1, 2008, we began managing our Supply Management
 Solutions set as part of our Risk Management Solutions and have
 reclassified our historical financial results to reflect this change.


                                         Quarter Ended September 30,
                                                     2008
                                         ---------------------------

                                                  Effects
                                                      of
                                           AFX     Foreign    BFX
                                         % Change Exchange  % Change
                                          Fav/      Fav/     Fav/
                                          (Unfav)  (Unfav)   (Unfav)
                                         -------- --------- --------
Risk Management Solutions
 without Supply Management
 Solutions:
--------------------------

  U.S.                                        4%         0%      4%
  International                              19%         6%     13%
  Total Corporation                           8%         1%      7%




                                                    Effects
                                                        of
                           Year-to-Date      AFX     Foreign    BFX
                           September 30,   % Change Exchange  % Change
                         -----------------
                                            Fav/      Fav/     Fav/
Amounts in millions        2008     2007    (Unfav)  (Unfav)   (Unfav)
--------------------------------- -------- -------- --------- --------

Geographic and Customer
 Solution Set Revenue:
  U.S.:
    Risk Management
     Solutions(1)           590.0    563.6      5%         0%      5%
    Sales & Marketing
     Solutions              274.0    249.5     10%         0%     10%
    Internet Solutions       87.5     72.9     20%         0%     20%
                        --------- --------

  Core and Total U.S.       951.5    886.0      7%         0%      7%
                        --------- --------
  International:
    Risk Management
     Solutions(1)           238.4    197.6     21%         9%     12%
    Sales & Marketing
     Solutions               56.4     45.6     24%         8%     16%
    Internet Solutions        5.3      5.3      2%         3%     (1)%
                        --------- --------

  Core and Total
   International            300.1    248.5     21%         9%     12%
                        --------- --------
Total Corporation:
    Risk Management
     Solutions(1)           828.4    761.2      9%         2%      7%
    Sales & Marketing
     Solutions              330.4    295.1     12%         1%     11%
    Internet Solutions       92.8     78.2     19%         0%     19%
                        --------- --------

Core and Total Revenue   $1,251.6 $1,134.5     10%         1%      9%
                        --------- --------

Operating Costs:
    Operating Expenses   $  362.5 $  319.3    (14)%
    Selling and
     Administrative
     Expenses               521.1    495.1     (5)%
    Depreciation and
     Amortization            41.7     29.5    (41)%
    Restructuring
     Expense                 28.8     20.8    (39)%
                        --------- --------

Total Operating Costs    $  954.1 $  864.7    (10)%
                        --------- --------

Capital Expenditures     $    9.3 $   11.2     17%
                        --------- --------

Additions to Computer
 Software & Other
 Intangibles             $   39.8 $   40.7      2%
                        --------- --------

Notes:

(1) On January 1, 2008, we began managing our Supply Management
 Solutions set as part of our Risk Management Solutions and have
 reclassified our historical financial results to reflect this change.


                                           Year-To-Date September 30,
                                                       2008
                                           ---------------------------

                                                    Effects
                                                        of
                                             AFX     Foreign    BFX
                                           % Change Exchange  % Change
                                            Fav/      Fav/     Fav/
                                            (Unfav)  (Unfav)   (Unfav)
                                           -------- --------- --------
Risk Management
 Solutions without
 Supply Management
 Solutions:
------------------------

  U.S.                                          4%         0%      4%
  International                                21%         9%     12%
  Total Corporation                             9%         3%      6%


AFX - After Effects of Foreign Exchange
BFX - Before Effects of Foreign Exchange
N/M - Not Meaningful

This financial information should be read in conjunction with the
 consolidated financial statements and related notes of The Dun &

 Bradstreet Corporation contained in filings with the Securities and
 Exchange Commission.

                                             Quarter Ended
                                 -------------------------------------

                                 Sep 30,  June 30, Mar 31,  Dec 31,
Amounts in millions                2008     2008     2008     2007
-------------------------------- -------- -------- -------- --------

Net Debt Position:
   Cash and Cash
    Equivalents                  $ 230.6  $ 245.5  $ 215.7  $ 175.8
   Short-Term Debt                     -        -        -        -
   Long-Term Debt                 (864.6)  (825.6)  (790.0)  (724.8)
                                 -------- -------- -------- --------

Net Debt                         $(634.0) $(580.1) $(574.3) $(549.0)
                                 -------- -------- -------- --------

                                             Quarter Ended
                                  ------------------------------------

                                    Sep 30,     Jun 30,     Mar 31,
Amounts in millions                    2007        2007        2007
---------------------------------------------- ----------- -----------

Net Debt Position:
   Cash and Cash Equivalents       $    156.1   $   145.4  $    130.7
   Short-Term Debt                          -        (0.1)       (0.1)
   Long-Term Debt                      (546.2)     (475.8)     (484.1)
                                  ------------ ----------- -----------

Net Debt                           $   (390.1)  $  (330.5) $   (353.5)
                                  ------------ ----------- -----------
                                                  Year-To-Date
                                           ---------------------------

                                                            % Change
                                           Sep 30, Sep 30, Fav/(Unfav)
Amounts in millions                          2008    2007
------------------------------------------ ------- ------- -----------

Free Cash Flow:
   Net Cash Provided By Operating
    Activities from Continuing Operations
    (GAAP Results)                         $348.0   $302.3         15%
   Less:
    Capital Expenditures (GAAP Results)       9.3     11.2         17%
    Additions to Computer Software & Other
     Intangibles (GAAP Results)              39.8     40.7          2%
                                           ------- -------

Free Cash Flow                              298.9    250.4         19%
    Legacy Tax Matters (Refund) Payment     (25.6)       -        N/M
                                           ------- -------
Free Cash Flow Excluding Legacy Tax
 Matters                                   $273.3   $250.4          9%
                                           ------- -------


                                                  Year-To-Date
                                           ---------------------------

                                                            % Change
                                           Sep 30, Sep 30, Fav/(Unfav)
Amounts in millions                          2008    2007
------------------------------------------ ------- ------- -----------

Net Cash Provided By Operating Activities
 excluding Legacy Tax Matters:
    Net Cash Provided By Operating
     Activities from Continuing Operations
     (GAAP Results)                        $348.0   $302.3         15%
    Legacy Tax Matters (Refund) Payment     (25.6)       -        N/M
                                           ------- -------

    Net Cash Provided By Operating
     Activities Excluding Legacy Tax
     Matters                               $322.4   $302.3          7%
                                           ------- -------



N/M - Not Meaningful

This financial information should be read in conjunction with the
 consolidated financial statements and related notes of The Dun &
 Bradstreet Corporation contained in filings with the Securities and
 Exchange Commission.
The Dun & Bradstreet Corporation                            Schedule 5
GAAP Revenue Reconciliation and Detail (unaudited)




                      Quarter Ended September 30, 2008 vs. 2007
                 ----------------------------------------------------
                                               Traditional/VAPs as a
                                               % of Total Customer
                   AFX    Effects of   BFX      Solution Sets/Total
                                              -----------------------
                 % Change  Foreign   % Change    2008        2007
                  Fav/     Exchange   Fav/     % Product   % Product
                  (Unfav)             (Unfav) Line/Total  Line/Total
                 -------- ---------- -------- ----------- -----------

Revenue:
----------------
  U.S.:
   Risk
    Management
    Solutions:
     Traditional    4%         0%       4%    73%   46%   73%   47%
     VAPs           6%         0%       6%    20%   12%   20%   13%
     Supply
      Management
      Solutions    (3)%        0%      (3)%    7%    4%    7%    4%
   Total Risk
    Management
    Solutions(1)    4%         0%       4%          62%         64%
   Sales &

    Marketing
    Solutions:
     Traditional   11%         0%      11%    45%   13%   45%   12%
     VAPs          10%         0%      10%    55%   16%   55%   15%
   Total Sales &
    Marketing
    Solutions      10%         0%      10%          29%         27%
   Internet
    Solutions      15%         0%      15%           9%          9%

  Core and Total
   U.S. Revenue     7%         0%       7%

International:
   Risk
    Management
    Solutions:
     Traditional   24%         8%      16%    83%   67%   79%   65%
     VAPs           1%         3%      (2)%   16%   13%   19%   15%
     Supply
      Management
      Solutions   (39)%        6%     (45)%    1%    1%    2%    1%
   Total Risk
    Management
    Solutions(1)   18%         6%      12%          81%         81%
   Sales &
    Marketing
    Solutions:
     Traditional  (12)%        2%     (14)%   43%    7%   61%   10%
     VAPs          76%         5%      71%    57%   10%   39%    7%
Total Sales &
 Marketing
 Solutions         24%         4%      20%          17%         17%
Internet
 Solutions         (1)%        0%      (1)%          2%          2%

  Core and Total
   International
   Revenue         19%         6%      13%

Total
 Corporation:
   Risk
    Management
    Solutions:
     Traditional    9%         2%       7%    76%   51%   75%   51%
     VAPs           5%         1%       4%    19%   13%   20%   13%
     Supply
      Management
      Solutions    (6)%        1%      (7)%    5%    3%    5%    4%
   Total Risk
    Management
    Solutions(1)    8%         2%       6%          67%         68%
   Sales &
    Marketing
    Solutions:
     Traditional    7%         0%       7%    45%   12%   47%   12%
     VAPs          17%         1%      16%    55%   14%   53%   13%
   Total Sales &
    Marketing
    Solutions      12%         0%      12%          26%         25%
   Internet
    Solutions      14%         0%      14%           7%          7%

  Core and Total
   Revenue          9%         1%       8%




                        Year-to-Date September 30, 2008 vs. 2007
                  ----------------------------------------------------
                                                Traditional/VAPs as a
                                                % of Total Customer
                    AFX    Effects of   BFX      Solution Sets/Total
                                               -----------------------
                  % Change  Foreign   % Change    2008        2007
                   Fav/     Exchange   Fav/     % Product   % Product
                   (Unfav)             (Unfav) Line/Total  Line/Total
                  -------- ---------- -------- ----------- -----------

Revenue:
------------------
  U.S.:
   Risk Management
    Solutions:
     Traditional       4%          0%      4%      73% 45%     74% 47%
     VAPs              6%          0%      6%      21% 13%     21% 13%
     Supply
      Management
      Solutions       17%          0%     17%       6%  4%      5%  4%
   Total Risk
    Management
    Solutions(1)       5%          0%      5%          62%         64%
   Sales &

    Marketing
    Solutions:
     Traditional       5%          0%      5%      41% 12%     43% 12%
     VAPs             13%          0%     13%      59% 17%     57% 16%
   Total Sales &
    Marketing
    Solutions         10%          0%     10%          29%         28%
   Internet
    Solutions         20%          0%     20%           9%          8%

  Core and Total
   U.S. Revenue        7%          0%      7%

International:
   Risk Management
    Solutions:
     Traditional      22%          9%     13%      82% 65%     81% 65%
     VAPs             17%          6%     11%      17% 13%     17% 14%
     Supply
      Management
      Solutions        2%         10%     (8)%      1%  1%      2%  1%
   Total Risk
    Management
    Solutions(1)      21%          9%     12%          79%         80%
   Sales &
    Marketing
    Solutions:
     Traditional      (1)%         4%     (5)%     44%  8%     55% 10%
     VAPs             53%         11%     42%      56% 11%     45%  8%
Total Sales &
 Marketing
 Solutions            24%          8%     16%          19%         18%
Internet Solutions     2%          3%     (1)%          2%          2%

  Core and Total
   International
   Revenue            21%          9%     12%

Total Corporation:
   Risk Management
    Solutions:
     Traditional       9%          3%      6%      75% 50%     76% 51%
     VAPs              8%          1%      7%      20% 13%     20% 14%
     Supply
      Management
      Solutions       16%          1%     15%       5%  3%      4%  3%
   Total Risk
    Management
    Solutions(1)       9%          2%      7%          66%         68%
   Sales &
    Marketing
    Solutions:
     Traditional       4%          1%      3%      41% 11%     45% 11%
     VAPs             18%          1%     17%      59% 16%     55% 14%
   Total Sales &
    Marketing
    Solutions         12%          1%     11%          27%         25%
   Internet
    Solutions         19%          0%     19%           7%          7%

  Core and Total
   Revenue            10%          1%      9%

Notes:

(1) On January 1, 2008, we began managing our Supply Management
 Solutions set as part of our Risk Management Solutions and have
 reclassified our historical financial results to reflect this
 change.

Risk Management Solutions without Supply Management Solutions:
---------------------------------------------------------------------


                            Quarter Ended            Year-To-Date
                           September 30, 2008      September 30, 2008
                          --------------------    --------------------

U.S.                          4%     0%    4%         4%    0%     4%
International                19%     6%   13%        21%    9%    12%
Total Corporation             8%     1%    7%         9%    3%     6%


AFX - After Effects of Foreign Exchange
BFX - Before Effects of Foreign Exchange

This financial information should be read in conjunction with the
 consolidated financial statements and related notes of The Dun &
 Bradstreet Corporation contained in filings with the Securities and
 Exchange Commission.
    CONTACT: D&B
             Joseph Jones (Media)
             973-921-5732
             jonesjo@dnb.com
             or
             Paul Krieg (Investors/Analysts)
             973-921-5158
             kriegpa@dnb.com

    SOURCE: D&B