Pollard Banknote Awarded Pull Tab Ticket Contract By Rhode Island Lottery

    COUNCIL BLUFFS, IA, Nov. 12 /CNW/ - Pollard Banknote is pleased to
announce that it has been awarded a three-year contract to supply pull tab
tickets to the Rhode Island Lottery. The agreement includes three possible
one-year extensions.
    Pollard Banknote has been printing pull tab tickets for the Rhode Island
Lottery at the company's American Games facility in Council Bluffs, Iowa since
    "We are very pleased to continue growing our relationship with the Rhode
Island Lottery," said Steven Fingold, Vice President, Sales, American Games (a
subsidiary of Pollard Banknote). "We look forward to printing many more
successful games and providing services that can help the Lottery expand its
pull tab product line into new markets."
    In fiscal 2006, the Rhode Island Lottery produced $1.7 billion in sales
and returned $323 million to the State's General Fund. Since 1974, the Rhode
Island Lottery has transferred more than $2.9 billion to the State's General
Fund, which supports almost every aspect of life in the State, from education
and health care to public safety and the environment.

    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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