Pollard Banknote Awarded Contract Extension by the California Lottery

    YPSILANTI, MI, May 26 /CNW/ - Pollard Banknote has been awarded a
four-year extension to its contract with the California Lottery to supply
instant tickets and related services. A renewal of the original contract
signed in 2005, this latest agreement lengthens the company's collaboration
with the Lottery until June 2013 and allocates a total contract expenditure
authority of $35 million over the term of the contract.
    "After a decade-long partnership, we are proud that the California
Lottery has given us an opportunity to continue our efforts in helping this
client realize even greater sales," said Gordon Pollard, Co-Chief Executive
Officer, Pollard Banknote. "The extension strengthens our already unwavering
commitment to this effort and allows us to showcase even more offerings we
think will engage and excite Lottery retailers and players."
    In its decision to issue the extension, the Lottery favorably factored in
Pollard Banknote's ticket quality, the company's ability to bring new and
exciting games to market, and its professionalism in resolving issues related
to production, distribution, security, and ticket accounting.
    Pollard Banknote has provided game and ticket design, ticket production,
and related services to the California Lottery since 1999. Most recently, the
Lottery has experienced sales successes with Pollard Banknote-printed Bingo
and Crossword products, both of which employ the company's patented
translucent marking system.
    Since its inception in 1985, the California Lottery has contributed over
$20 billion to support public education initiatives at all levels. In FY 2008,
the Lottery's education allotment totaled over $1.1 billion, based on combined
retail sales of $3 billion-more than $1.5 billion of which came from instant

    About Pollard Banknote Limited Partnership

    Pollard Banknote Limited Partnership ("Pollard Banknote") is one of the
world's leading full-service lottery vendors and is a major supplier to North
America's charitable gaming industry. The firm manufactures instant tickets
and provides related programming, design, and marketing support. As well,
Pollard Banknote manufactures ticket vending machines, pull tab tickets and
bingo paper, and supplies lottery management services (including warehousing
and distribution). Established in 1907, the firm is owned by the Pollard
family and the Pollard Banknote Income Fund and currently serves more than 45
lotteries worldwide, including some of the largest and most respected
lotteries in the United States, Canada, Europe, Asia, and Central and South

    About Pollard Banknote Income Fund

    Pollard Banknote Income Fund (TSX: PBL.UN) is an unincorporated, open-end
trust which owns 26.7% of Pollard Holdings Limited Partnership, which in turn
owns Pollard Banknote Limited Partnership.

    Forward-Looking Statements

    This press release may contain forward-looking statements relating to
expected future events and financial and operating results of the Pollard
Banknote Income Fund ("the Fund") or Pollard Holdings Limited Partnership that
involve risks and uncertainties. Actual results may differ materially from
management expectations as projected in such forward-looking statements for a
variety of reasons, including market and general economic conditions and the
risks and uncertainties detailed from time to time in the Fund's periodic
reports and registration statements filed with the Canadian securities
regulatory authorities. Due to the potential impact of these factors, the Fund
disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise,
unless required by applicable law.

For further information:

For further information: Gordon Pollard, (gpollard@pbl.ca) or John
Pollard, (jpollard@pbl.ca), Co-Chief Executive Officers, Phone: (204)
474-2323, www.pollardbanknote.com

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