Pollard Banknote awarded contract extension by the Massachusetts Lottery

    YPSILANTI, MI, Sept. 23 /CNW/ - Pollard Banknote has been awarded a
one-year renewal to its contract with the Massachusetts Lottery to supply
instant lottery tickets and related services. An extension of the original
contract signed in 2004, this latest agreement lengthens the company's
partnership with the Massachusetts Lottery until August 2009 and builds on a
relationship that has existed since 1999.
    "The Massachusetts Lottery and Pollard Banknote have enjoyed a strong,
successful relationship for many years," said Gordon Pollard, Co-Chief
Executive Officer, Pollard Banknote. "We are proud that our company has been
given the opportunity to continue building on that relationship and look
forward to working with the Massachusetts Lottery to achieve even greater
    Pollard Banknote's collaboration with the Massachusetts Lottery reached
new heights in 2007 with the inaugural launch of Cashword, a brand new product
line for the Lottery employing Pollard Banknote's patented translucent marking
system. Averaging 1.3 million tickets sold weekly, these games now form an
integral part of the Massachusetts Lottery's strategic plan to offer products
capable of satisfying the demands of a broader player base.
    Founded in 1971, the Massachusetts Lottery distributes proceeds to local
governments according to an aid formula established by the state's legislative
body-funds that are subsequently dispersed to programs and services these
municipalities judge most in need. In FY 2008, the Lottery's contribution
totaled over $935 million in direct assistance of this nature.

    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.

    %SEDAR: 00022394E

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,

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