D&B Announces First Quarter 2009 Results; Reconfirms Guidance

* Diluted EPS Before Non-Core Gains and Charges Up 17%; GAAP Diluted EPS Up 82%
Primarily due to Tax Benefits
* Core and Total Revenue Up 1% Before the Effect of Foreign Exchange; Down 2%
After the Effect of Foreign Exchange

SHORT HILLS, N.J.--(Business Wire)--
D&B (NYSE: DNB), the leading provider of global business information, tools and
commercial insight, today reported results for the first quarter ended March 31,
2009.

First Quarter 2009 Results

Diluted earnings per share before non-core gains and charges for the quarter
ended March 31, 2009, were $1.33, up 17 percent from $1.14 in the prior year
similar period. On a GAAP basis, diluted earnings per share for the quarter
ended March 31, 2009, were $1.93, up from $1.06 in the prior year similar
period.

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 first quarter of 2009 was $407.4 million, up 1
percent from the prior year similar period before the effect of foreign exchange
(down 2 percent after the effect of foreign exchange).

Core and total revenue results for the first quarter of 2009 reflect the
following by solution set:

* Risk Management Solutions revenue of $274.3 million, up 4 percent before the
effect of foreign exchange (flat after the effect of foreign exchange);
* Sales & Marketing Solutions revenue of $102.8 million, down 5 percent before
the effect of foreign exchange (down 6 percent after the effect of foreign
exchange); and
* Internet Solutions revenue of $30.3 million, flat before the effect of foreign
exchange (down 1 percent after the effect of foreign exchange).

See attached Schedules 4, 5 and 6 for additional detail.

Operating income before non-core gains and charges for the first quarter of 2009
was $116.0 million, up 5 percent from the prior year similar period. On a GAAP
basis, operating income was $114.7 million, up 14 percent from the prior year
similar period. During the first quarter of 2009, the Company also incurred
transition costs of $4.4 million compared with $3.2 million incurred in the
prior year similar period.

Net income before non-core gains and charges for the first quarter of 2009 was
$71.9 million, up 10 percent from the prior year similar period. On a GAAP
basis, net income for the quarter was $104.2 million, up 70 percent from the
prior year similar period, primarily due to a lower provision for income taxes
due to benefits derived from worldwide legal entity simplification.

See attached Schedule 3 for additional detail.

Free cash flow for the first quarter of 2009, excluding the impact of legacy tax
matters, was $107.7 million, compared with $106.8 million in the prior year
similar period. The Company defines free cash flow as net cash provided by
operating activities less capital expenditures and additions to computer
software and other intangibles. On a GAAP basis, net cash provided by operating
activities for the first quarter of 2009 was $122.9 million, compared with
$126.5 million in the prior year similar period.

See attached Schedule 4 for additional detail.

Share repurchases during the first quarter of 2009 under the Company`s
discretionary repurchase program totaled $15.0 million, while repurchases made
to offset the dilutive effect of shares issued under employee benefit plans
totaled an additional $27.1 million.

The Company ended the quarter with $179.9 million of cash and cash equivalents.

First Quarter 2009 Segment Results

As part of our Financial Flexibility initiatives and as outlined in the
Company's Annual Report on Form 10-K, for the year ending December 31, 2008,
which was filed with the SEC on February 24, 2009, D&B began reporting the
results of its business in Canada as part of its North America Segment in the
first quarter of 2009. From to 2005 to 2008, the Canadian results were reported
as part of the International segment. The Company will now report results under
the following two segments: North America and International.

All references to 2008 financial results in this release have been adjusted to
reflect this change.

See attached Schedule 7 for 2008 revenue and operating income results of the
North America and International segments adjusted to reflect this change.

North America

Core and total revenue for the first quarter of 2009 was $321.2 million, down 3
percent from the prior year similar period both before and after the effect of
foreign exchange. The inclusion of Canada in the North America segment had no
impact on the growth rate for the quarter.

North America core and total revenue results for the first quarter of 2009
reflect the following:

* Risk Management Solutions revenue of $207.4 million, flat before the effect of
foreign exchange (down 1 percent after the effect of foreign exchange);
* Sales & Marketing Solutions revenue of $84.2 million, down 10 percent both
before and after the effect of foreign exchange; and
* Internet Solutions revenue of $29.6 million, up 1 percent both before and
after the effect of foreign exchange.

Operating income for the first quarter of 2009 was $123.2 million, flat from the
prior year similar period. The result was primarily due to reengineering savings
in the North America segment, offset by lower revenue.

International

Core and total revenue for the first quarter of 2009 was $86.2 million, up 19
percent from the prior year similar period before the effect of foreign exchange
(up 5 percent after the effect of foreign exchange).

International core and total revenue results for the first quarter of 2009
reflect the following:

* Risk Management Solutions revenue of $66.9 million, up 18 percent before the
effect of foreign exchange (up 3 percent after the effect of foreign exchange);
* Sales & Marketing Solutions revenue of $18.6 million, up 26 percent before the
effect of foreign exchange (up 18 percent after the effect of foreign exchange);
and
* Internet Solutions revenue of $0.7 million, down 26 percent before the effect
of foreign exchange (down 42 percent after the effect of foreign exchange).

See attached Schedules 4, 5 and 6 for additional detail.

Operating income for the first quarter of 2009 was $11.6 million, up 35 percent
from the prior year similar period. The increase was primarily due to revenue
growth in the International segment and the benefit of reengineering savings,
partially offset by the negative impact of foreign exchange.

Non-Core Gains and Charges

During the first quarter of 2009 and 2008, the Company recorded:

* A net pre-tax, non-core charge of $1.1 million in the first quarter of 2009
and a net pre-tax, non-core charge of $10.0 million in the first quarter of
2008;
* A net after-tax, non-core gain of $32.3 million in the first quarter of 2009
and a net after-tax, non-core charge of $5.2 million in the first quarter of
2008.

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

D&B`s restructuring charges may be viewed as recurringas 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 2009 Guidance

D&B today reconfirmed the following financial guidance for the full year 2009:

* Core revenue growth of 2 percent to 5 percent, before the effect of foreign
exchange;
* Operating income growth of 5 percent to 8 percent, before non-core gains and
charges;
* Diluted EPS growth of 9 percent to 12 percent, before non-core gains and
charges; and
* Free cash flow of $360 million to $375 million, excluding the impact of legacy
tax matters.

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, 2008,
filed February 24, 2009 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.

First Quarter 2009 Teleconference

As previously announced, D&B will review its first quarter 2009 financial
results in a conference call with the investment community on Thursday, April
30, 2009, 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 Dun & Bradstreet® (D&B)

Dun & Bradstreet (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
140 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 SolutionsTM to mitigate credit and supplier
risk, increase cash flow and drive increased profitability; D&B Sales &
Marketing SolutionsTM to increase revenue from new and existing customers; and
D&B Internet SolutionsTM 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 2009
Guidance," 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.
* 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 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.
* 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 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

Quarter Ended Effects of
March 31, AFX Foreign BFX
% Change Exchange % Change
Amounts in millions, except per share data 2009 2008 Fav/(Unfav) Fav/(Unfav) Fav/(Unfav)

Revenue:
North America $ 321.2 $ 332.7 (3 )% 0 % (3 )%
International 86.2 82.0 5 % (14 )% 19 %

Core and Total Revenue $ 407.4 $ 414.7 (2 )% (3 )% 1 %
Operating Income (Loss):
North America $ 123.2 $ 123.0 0 %
International 11.6 8.6 35 %
Total Divisions 134.8 131.6 2 %
Corporate and Other (1) (20.1 ) (31.3 ) 36 %

Operating Income 114.7 100.3 14 %
Interest Income 1.1 2.4 (56 )%
Interest Expense (11.4 ) (9.4 ) (20 )%
Other Income (Expense) - Net (2) 1.3 0.3 N/M
Non-Operating Income (Expense) - Net (9.0 ) (6.7 ) (33 )%
Income before Provision for Income Taxes 105.7 93.6 13 %
Provision for Income Taxes 1.6 33.8 95 %
Equity in Net Income (Loss) of Affiliates 0.3 0.2 49 %

Income From Continuing Operations 104.4 60.0 74 %

Discontinued Operations:

Income from Discontinued Operations, Net of Income Taxes - 0.7 N/M

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 N/M

Net Income $ 104.4 $ 61.1 71 %

Less: Net (Income) Loss Attributable to the Noncontrolling Interest (0.2 ) 0.1 N/M
Net Income Attributable to D&B (3) $ 104.2 $ 61.2 70 %

Basic Earnings Per Share of Common Stock:
Income from Continuing Operations Attributable to D&B Common Shareholders $ 1.95 $ 1.06 84 %
Income from Discontinued Operations Attributable to D&B Common Shareholders - 0.02 N/M
Net Income Attributable to D&B Common Shareholders $ 1.95 $ 1.08 81 %

Diluted Earnings Per Share of Common Stock:
Income from Continuing Operations Attributable to D&B Common Shareholders $ 1.93 $ 1.05 84 %
Income from Discontinued Operations Attributable to D&B Common Shareholders - 0.01 N/M
Net Income Attributable to D&B Common Shareholders (4) $ 1.93 $ 1.06 82 %

Weighted Average Number of Shares Outstanding:
Basic 53.0 56.0 5 %
Diluted 53.7 57.1 6 %

Amounts Attributable to D&B Common Shareholders:
Income from Continuing Operations, Net of Income Taxes $ 104.2 $ 60.1 73 %
Income from Discontinued Operations, Net of Income Taxes - 1.1 N/M
Net Income $ 104.2 $ 61.2 70 %

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

Quarter Ended Effects of
March 31, AFX Foreign BFX
% Change Exchange % Change
Amounts in millions, except per share data 2009 2008 Fav/(Unfav) Fav/(Unfav) Fav/(Unfav)

Revenue:
North America $ 321.2 $ 332.7 (3 )% 0 % (3 )%
International 86.2 82.0 5 % (14 )% 19 %

Core and Total Revenue $ 407.4 $ 414.7 (2 )% (3 )% 1 %
Operating Income (Loss):
North America $ 123.2 $ 123.0 0 %
International 11.6 8.6 35 %
Total Divisions 134.8 131.6 2 %
Corporate and Other (1) (18.8 ) (20.9 ) 10 %

Operating Income 116.0 110.7 5 %
Interest Income 1.1 2.4 (56 )%
Interest Expense (11.4 ) (9.4 ) (20 )%
Other Income (Expense) - Net (2) 1.1 (0.1 ) N/M
Non-Operating Income (Expense) - Net (9.2 ) (7.1 ) (30 )%
Income before Provision for Income Taxes 106.8 103.6 3 %
Provision for Income Taxes 35.0 38.6 9 %
Equity in Net Income (Loss) of Affiliates 0.3 0.2 49 %
Net Income $ 72.1 $ 65.2 11 %

Less: Net (Income) Loss Attributable to the Noncontrolling Interest (0.2 ) 0.1 N/M
Net Income Attributable to D&B (3) $ 71.9 $ 65.3 10 %
Basic Earnings Per Share of Common Stock $ 1.35 $ 1.16 16 %

Diluted Earnings Per Share of Common Stock (4) $ 1.33 $ 1.14 17 %

Weighted Average Number of Shares Outstanding:
Basic 53.0 56.0 5 %
Diluted 53.7 57.1 6 %

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 Corporate and Other expenses included in Schedule 1 and Schedule 2:

Quarter Ended
March 31,
% Change
Amounts in millions 2009 2008 Fav/(Unfav)

Corporate and Other - GAAP Results (Schedule 1) $ (20.1 ) $ (31.3 ) 36 %

Restructuring Charges (1.3 ) (10.4 ) 87 %

Corporate and Other - Before Non-Core Gains and Charges (Schedule 2) $ (18.8 ) $ (20.9 ) 10 %

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

Quarter Ended
March 31,
% Change
Amounts in millions 2009 2008 Fav/(Unfav)

Other Income (Expense)-Net - GAAP Results (Schedule 1) $ 1.3 $ 0.3 N/M
Effect of Legacy Tax Matters 0.2 0.4 50 %

Other Income (Expense)-Net - Before Non-Core Gains and Charges (Schedule 2) $ 1.1 $ (0.1 ) N/M

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

Quarter Ended
March 31,
% Change
Amounts in millions 2009 2008 Fav/(Unfav)

Net Income - GAAP Results (Schedule 1) $ 104.2 $ 61.2 70 %

Restructuring Charges (0.9 ) (6.5 ) 86 %
Interest on IRS Deposit - 1.3 N/M
Benefits Derived From Worldwide Legal Entity Simplification 33.2 - N/M
Income from Discontinued Operations, Net of Income Taxes - 0.7 N/M
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) $ 71.9 $ 65.3 11 %

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

Quarter Ended
March 31,
% Change
2009 2008 Fav/(Unfav)

Diluted EPS - GAAP Results (Schedule 1) $ 1.93 $ 1.06 82 %

Restructuring Charges (0.02 ) (0.11 ) 82 %
Interest on IRS Deposit - 0.02 N/M
Benefits Derived From Worldwide Legal Entity Simplification 0.62 - 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) $ 1.33 $ 1.14 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)

Quarter Ended Effects of
March 31, AFX Foreign BFX
% Change Exchange % Change
Amounts in millions 2009 2008 Fav/(Unfav) Fav/(Unfav) Fav/(Unfav)

Geographic and Customer Solution Set Revenue:
North America:
Risk Management Solutions 207.4 209.2 (1 )% (1 )% 0 %
Sales & Marketing Solutions 84.2 94.0 (10 )% 0 % (10 )%
Internet Solutions 29.6 29.5 1 % 0 % 1 %

Core and Total North America 321.2 332.7 (3 )% 0 % (3 )%
International:
Risk Management Solutions 66.9 65.1 3 % (15 )% 18 %
Sales & Marketing Solutions 18.6 15.7 18 % (8 )% 26 %
Internet Solutions 0.7 1.2 (42 )% (16 )% (26 )%

Core and Total International 86.2 82.0 5 % (14 )% 19 %
Total Corporation:
Risk Management Solutions 274.3 274.3 0 % (4 )% 4 %
Sales & Marketing Solutions 102.8 109.7 (6 )% (1 )% (5 )%
Internet Solutions 30.3 30.7 (1 )% (1 )% 0 %

Core and Total Revenue $ 407.4 $ 414.7 (2 )% (3 )% 1 %

Operating Costs:
Operating Expenses $ 116.9 $ 123.8 6 %
Selling and Administrative Expenses 158.8 166.8 5 %
Depreciation and Amortization 15.7 13.4 (17 )%
Restructuring Expense 1.3 10.4 87 %

Total Operating Costs $ 292.7 $ 314.4 7 %

Capital Expenditures $1.8 $ 2.3 22 %

Additions to Computer Software & Other Intangibles $ 13.4 $ 15.1 11 %

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

Amounts in millions Mar 31, 2009 Dec 31, 2008 Sep 30, 2008 Jun 30, 2008 Mar 31, 2008

Net Debt Position:
Cash and Cash Equivalents $ 179.9 $ 164.2 $ 230.6 $ 245.5 $ 215.7
Short-Term Debt (0.6 ) - - - -
Long-Term Debt (900.0 ) (904.3 ) (864.6 ) (825.6 ) (790.0 )

Net Debt $ (720.7 ) $ (740.1 ) $ (634.0 ) $ (580.1 ) $ (574.3 )

Year-to-Date

% Change
Amounts in millions Mar 31, 2009 Mar 31, 2008 Fav/(Unfav)

Free Cash Flow:
Net Cash Provided By Operating Activities from Continuing Operations (GAAP Results) $ 122.9 $ 126.5 (3 )%
Less:
Capital Expenditures (GAAP Results) 1.8 2.3 22 %
Additions to Computer Software & Other Intangibles (GAAP Results) 13.4 15.1 11 %

Free Cash Flow 107.7 109.1 (1 )%
Legacy Tax Matters (Refund) Payment - (2.3 ) N/M
Free Cash Flow Excluding Legacy Tax Matters $ 107.7 $ 106.8 1 %

Year-to-Date

% Change
Amounts in millions Mar 31, 2009 Mar 31, 2008 Fav/(Unfav)

Net Cash Provided By Operating Activities excluding Legacy Tax Matters:
Net Cash Provided By Operating Activities from Continuing Operations (GAAP Results) $ 122.9 $ 126.5 (3 )%
Legacy Tax Matters (Refund) Payment - (2.3 ) N/M

Net Cash Provided By Operating Activities Excluding Legacy Tax Matters $ 122.9 $ 124.2 (1 )%

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 March 31, 2009 vs. 2008
Traditional/VAPs as a
AFX Effects of BFX % of Total Customer Solution Sets/Total
% Change Foreign % Change 2009 2008
Fav/(Unfav) Exchange Fav/(Unfav) % Product Line/Total % Product Line/Total

Revenue:
North America:
Risk Management Solutions:
Traditional 2 % (1 )% 3 % 74 % 48 % 72 % 45 %
VAPs (11 )% (1 )% (10 )% 20 % 13 % 22 % 14 %
Supply Management Solutions 8 % 0 % 8 % 6 % 4 % 6 % 4 %
Total Risk Management Solutions (1 )% (1 )% (0 )% 65 % 63 %
Sales & Marketing Solutions:
Traditional (20 )% (1 )% (19 )% 37 % 9 % 41 % 11 %
VAPs (4 )% 0 % (4 )% 63 % 17 % 59 % 17 %
Total Sales & Marketing Solutions (10 )% 0 % (10 )% 26 % 28 %
Internet Solutions 1 % 0 % 1 % 9 % 9 %

Core and Total North America Revenue (3 )% 0 % (3 )%

International:
Risk Management Solutions:
Traditional 6 % (14 )% 20 % 85 % 66 % 83 % 66 %
VAPs (11 )% (16 )% 5 % 14 % 11 % 16 % 13 %
Supply Management Solutions (15 )% (17 )% 2 % 1 % 1 % 1 % 1 %
Total Risk Management Solutions 3 % (15 )% 18 % 78 % 80 %
Sales & Marketing Solutions:
Traditional 2 % (10 )% 12 % 48 % 10 % 56 % 11 %
VAPs 39 % (3 )% 42 % 52 % 11 % 44 % 8 %
Total Sales & Marketing Solutions 18 % (8 )% 26 % 21 % 19 %
Internet Solutions (42 )% (16 )% (26 )% 1 % 1 %

Core and Total International Revenue 5 % (14 )% 19 %

Total Corporation:
Risk Management Solutions:
Traditional 3 % (4 )% 7 % 77 % 52 % 75 % 49 %
VAPs (11 )% (3 )% (8 )% 19 % 13 % 21 % 14 %
Supply Management Solutions 6 % (1 )% 7 % 4 % 3 % 4 % 3 %
Total Risk Management Solutions 0 % (4 )% 4 % 68 % 66 %
Sales & Marketing Solutions:
Traditional (16 )% (2 )% (14 )% 39 % 10 % 43 % 12 %
VAPs 1 % 0 % 1 % 61 % 15 % 57 % 15 %
Total Sales & Marketing Solutions (6 )% (1 )% (5 )% 25 % 27 %
Internet Solutions (1 )% (1 )% 0 % 7 % 7 %

Core and Total Revenue (2 )% (3 )% 1 %

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.

The Dun & Bradstreet Corporation Schedule 6
Supplemental Revenue Data (unaudited)

Quarter Ended

% of Product Line Mar 31, 2009 Dec 31, 2008 Sep 30, 2008 Jun 30, 2008 Mar 31, 2008

North America Risk
Management Solutions
Subscri 58 % 53 % 52 % 49 % 45 %
ption 1
Non 42 % 47 % 48 % 51 % 55 %
-Subscr
iption
1

North America Risk
Management Solutions
DNBi 2 51 % 45 % 43 % 38 % 33 %
Non 49 % 55 % 57 % 62 % 67 %
-DNBi 2

Year-to-Date March 31, 2009 Year-to-Date March 31, 2008 Full Year December 31, 2008

Amounts % of Core Amounts % of Core Amounts % of Core
% of Core and Total in millions and Total in millions and Total in millions and Total
International Revenue

International:
Europe $ 56.8 66 % $ 64.2 78 % $ 278.4 77 %
and
Other
Interna
tional
Markets
(exclud
ing
Asia)
Asia 29.4 34 % 17.8 22 % 83.7 23 %

Core and Total Revenue $ 86.2 $ 82.0 $ 362.1

Notes:

1 We define Subscription and Non-Subscription revenue as follows:
- Subscription revenue represents contracts that allow customers unlimited use within predefined ranges, subject to certain conditions. In these instances, we recognize revenue ratably over the term of the contract, which is generally one year.
- Non-Subscription revenue represents all other revenue streams.

2 We define DNBi and Non-DNBi revenue as follows:
- DNBi, is our interactive, customizable online application that offers our customers real time access to our most complete and up-to-date global DUNSRight information, comprehensive monitoring and portfolio analysis.
- Non-DNBi revenue represents all other revenue streams.

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 7
Effect of Segment Change - Canada from International to North America (unaudited)
Amounts in Millions

2008

Q1 Q2 Q3 Q4 Full Year

U.S. Core and Total Revenue as Reported in 2008 $ 321.2 $ 319.3 $ 311.0 $ 369.6 $ 1,321.1

Add Canada 11.5 11.4 10.0 10.2 43.1

North America Core and Total Revenue $ 332.7 $ 330.7 $ 321.0 $ 379.8 $ 1,364.2

2008

Q1 Q2 Q3 Q4 Full Year

International Core Revenue and Total Revenue as Reported in 2008 $ 93.5 $ 108.4 $ 98.2 $ 105.1 $ 405.2

Less Canada 11.5 11.4 10.0 10.2 43.1

International Core and Total Revenue $ 82.0 $ 97.0 $ 88.2 $ 94.9 $ 362.1

2008

Q1 Q2 Q3 Q4 Full Year

U.S. Operating Income as Reported in 2008 $ 118.4 $ 105.3 $ 109.6 $ 163.2 $ 496.5

Add Canada 4.6 4.4 3.5 4.3 16.8

North America Operating Income $ 123.0 $ 109.7 $ 113.1 $ 167.5 $ 513.3

2008

Q1 Q2 Q3 Q4 Full Year

International Operating Income as Reported in 2008 $ 13.2 $ 25.5 $ 19.2 $ 29.8 $ 87.7

Less Canada 4.6 4.4 3.5 4.3 16.8

International Operating Income $ 8.6 $ 21.1 $ 15.7 $ 25.5 $ 70.9

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.

(Media)
Ana Cano, 212-367-6920
ana.cano@eurorscg.com
OR
(Investors/Analysts)
Paul Krieg, 973-921-5158
kriegpa@dnb.com

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