Pollard Banknote Awarded Two-Year Contract Extension by the Arizona Lottery

    YPSILANTI, MI, Nov. 19 /CNW/ - Pollard Banknote has been awarded a
two-year extension to its instant ticket contract with the Arizona Lottery in
a deal worth an estimated $3.5 million (US). Expiring in January 2010, this
renewal executes both remaining one-year extensions to the original agreement
initiated in 2003.
    "The Arizona Lottery is pleased to extend our contract with Pollard
Banknote," said Art Macias, Executive Director, Arizona Lottery. "The
foundation of our success is partnerships with vendors like Pollard, who
support our strategic initiatives as if they were their own. They know our
players almost as well as we do, and they continue to offer products designed
to grow our sales and increase our return to the State. We look forward to
working together for another two years."
    The partnership between Pollard Banknote and the Arizona Lottery began in
1998. Today, this partnership has grown such that Pollard Banknote's products
contribute approximately 28% of the Lottery's instant ticket sales.
    "In exercising both one-year options at this time, the Lottery is
confirming Pollard Banknote's key role in presenting Arizona's players with
exciting, consistently popular offerings," said Don Sawatzky, Vice President,
Sales & Marketing, Pollard Banknote. "We're delighted that our products and
services form an important part of the Lottery's product mix."
    Since its inception in 1981, the Arizona Lottery has transferred over
$2 billion to fund an array of beneficiaries. Last year alone, the Lottery
allocated nearly $140 million in net profits to support State-sanctioned
initiatives in such areas as education, public health, transportation, and
economic development.

    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,

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