D&B Announces Third Quarter 2013 Results and Reaffirms Full Year 2013 Guidance

  D&B Announces Third Quarter 2013 Results and Reaffirms Full Year 2013
  Guidance

Business Wire

SHORT HILLS, N.J. -- November 4, 2013

D&B (NYSE:DNB), the world's leading source of commercial information and
insight on businesses, today reported results for the third quarter ended
September 30, 2013.

Third Quarter 2013 Highlights

  *Core and total revenue flat year over year, before the effect of foreign
    exchange (down 1% after the effect of foreign exchange);
  *Diluted EPS before non-core gains and charges up 14% year over year; GAAP
    diluted EPS up 6%;
  *Operating income before non-core gains and charges was flat year over
    year; GAAP operating income up 10%;
  *Free cash flow for the first nine months of 2013 was $263.0 million; Net
    cash provided by operating activities for the first nine months of 2013
    was $299.3 million; and
  *We repurchased approximately 0.5 million shares for $55.0 million under
    the Company’s discretionary repurchase program and approximately 0.2
    million for $20.0 million to offset the dilutive effect of shares issued
    under employee benefit plans.

See attached Schedules 3, 4 and 5 for additional detail.

Schedule 5 provides a reconciliation to GAAP, as well as the definitions of
the non-GAAP financial measures that the Company uses to evaluate the
business.

Deferred Revenue

  *Deferred Revenue as of September 30, 2013 for the total Company was flat
    at $541.3 million; North America down 1% (before the impact of foreign
    exchange) and total International up 5% (before the impact of foreign
    exchange).

Third Quarter 2013 Segment Results

North America

  *Core and total revenue were $305.8 million, down 1%, year over year, both
    before and after the effect of foreign exchange.
  *Operating income was $112.3 million, down 4%, year over year.

Asia Pacific

  *Core and total revenue were $44.4 million, up 5%, year over year, before
    the effect of foreign exchange (down 1% after the effect of foreign
    exchange).
  *Operating income before non-core gains and charges was $5.2 million, down
    20%, year over year. On a GAAP basis, operating income was $5.1 million,
    up 1%.

Europe & Other International Markets

  *Core and total revenue were $60.9 million, up 1%, year over year, both
    before and after the effect of foreign exchange.
  *Operating income was $19.7 million, up 14%, year over year.

See attached Schedules 3 and 5 for additional detail.

Full Year 2013 Guidance

D&B today reaffirmed its financial guidance for the full year 2013:

  *Core revenue growth of 0% to 3%, before the effect of foreign exchange;
  *Operating income decline of 6% to 3%, before non-core gains and charges,
    including $25 million to $30 million in costs related to the deployment of
    the new data supply chain;
  *Diluted EPS growth of 8% to 11%, before non-core gains and charges; and
  *Free cash flow of $270 million to $300 million, which excludes the impact
    of legacy tax matters and any potential regulatory fines associated with
    our China operations.

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, legacy tax matters,  and the Company’s ongoing China
investigation,  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's restructuring charges may be viewed as recurring as 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, such as legal and other professional expenses associated with the
ongoing China investigation, 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.

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,
2012, filed February 28, 2013 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 5 attached to this press release.

Third Quarter 2013 Teleconference

As previously announced, D&B will review its third quarter financial results
in a conference call with the investment community on Tuesday, November 5,
2013, at 8 a.m. ET. Live audio, as well as a replay of the conference call,
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 172 years. D&B’s global commercial database contains more
than 230 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 two solution sets that meet a diverse set of customer needs
globally. Customers use D&B Risk Management Solutions™ to mitigate credit and
supplier risk, increase cash flow and drive increased profitability, and D&B
Sales & Marketing Solutions™ to provide data management capabilities that
provide effective and cost efficient marketing solutions and to convert
prospects into clients by enabling business professionals to research
companies, executives and industries.

Forward-Looking and Cautionary Statements

This press release, including, in particular, the section titled "Full Year
2013 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.

  *We rely significantly on third parties to support critical components of
    our business model in a continuous and high quality manner, including
    third-party data providers, strategic third-party members in our D&B
    Worldwide Network, and third parties with whom we have significant
    outsourcing arrangements.
  *The effectiveness of our technology investments and our ability to
    maintain sufficient investment in a technology infrastructure that assists
    us in achieving our strategic goals.
  *Our ability to achieve our financial and operational expectations which
    are based upon the successful implementation of our business strategy for
    the next several years.
  *Risks associated with potential violations of the Foreign Corrupt
    Practices Act and similar laws, and any consequences of the investigations
    of our China operations.
  *Demand for our products is subject to intense competition, changes in
    customer preferences and economic conditions which impact customer
    behavior.
  *Our solutions and brand image are dependent upon the integrity and
    security of our 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.
  *Our ability to secure our information technology infrastructure from cyber
    attack and unauthorized access.
  *Our ability to maintain the integrity of our brand and reputation, which
    we believe are key assets and competitive advantages.
  *Our ability to renew large contracts, including from various government
    institutions, the related revenue recognition and the timing thereof, a
    shift in product mix or a significant decrease in government spending, may
    impact our results of operations from period-to-period.
  *As a result of the macro-economic challenges currently affecting the
    global economy, our customers or vendors may experience problems with
    their earnings, cash flow or both. 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
    materially, adversely affect our earnings and cash flow. In addition, if
    economic conditions in the United States, including any possible impact of
    efforts to balance government deficits, and/or other key markets
    deteriorate further or do not show improvement, we may experience material
    adverse impacts to our business, operating results and/or access to credit
    markets.
  *Our 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, the implementation or modification of fees or
    taxes that we must pay to acquire, use and/or redistribute data, and the
    evolving standards of emerging markets in which we operate. Future laws or
    regulations with respect to the collection, compilation, use and/or
    publication of information and adverse publicity or litigation concerning
    the commercial use of such information, or changes in the rules governing
    the operation of the Internet, could have a material adverse effect on our
    business and financial results.
  *Our ability to acquire and successfully integrate other complementary
    businesses, products and technologies into our existing business, without
    significant disruption to our existing business or to our financial
    results.
  *The continued adherence by third-party members of our D&B Worldwide
    Network, or other third parties who license and sell under the D&B name,
    to our quality standards, our brand and communication standards, and to
    the terms and conditions of our commercial services arrangements and the
    renewal by third-party members of the D&B Worldwide Network of their
    agreements with D&B.
  *The profitability of our international businesses depends on our ability
    to identify and execute on various initiatives, such as successfully
    managing our D&B Worldwide Network, enforcing agreements, collecting
    receivables and protecting assets in non-U.S. legal systems, complying
    with the Foreign Corrupt Practices Act and other anti-bribery and
    anti-corruption laws in all jurisdictions, and our 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, or the
    adoption of new laws or regulations governing the collection, compilation,
    use and/or publication of information, particularly in emerging markets.
  *Our future success requires that we attract and retain qualified
    personnel, including members of our sales force and technology teams, in
    regions throughout the world.
  *Our ability to successfully implement our growth strategy requires that we
    successfully reduce our expense base through our Financial Flexibility
    initiatives and reallocate certain of the expense-base reductions into
    initiatives that produce revenue growth.
  *Our ability to fund our obligations under our retirement and post
    retirement pension plans which are subject to financial market risks.
  *We are involved in various legal proceedings, the outcomes of which are
    unknown and uncertain with respect to the impact on our cash flow and
    profitability.
  *Our ability to repurchase shares is subject to market conditions,
    including trading volume in our stock, and our ability to repurchase
    shares in accordance with applicable securities laws.
  *Our projection for free cash flow is dependent upon our ability to
    generate revenue, our 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 we are involved.

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 filings with the SEC, including its most recent 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 statement.

The Dun & Bradstreet Corporation                                                                                     Schedule
                                                                                                                          1
Consolidated Statement of Operations (unaudited) - GAAP Results
                                                        
                                                   Effects                                                     Effects
                                                   of                                                          of
                 Quarter Ended           AFX       Foreign    BFX       Year-To-Date                 AFX       Foreign    BFX
                 September 30,           %         Exchange   %         September 30,                %         Exchange   % Change
                                         Change               Change                                 Change
Dollar amounts
in millions,     2013        2012        Fav       Fav        Fav       2013          2012           Fav       Fav        Fav
except per                               (Unfav)   (Unfav)    (Unfav)                                (Unfav)   (Unfav)    (Unfav)
share data
                                                                                                                          
Revenue:
                                                                                                                          
North America    $ 305.8     $ 308.3     (1   %)   0     %    (1   %)   $ 867.7       $ 872.8        (1   %)   0     %    (1   %)
                                                                                                                          
Asia Pacific       44.4        44.7      (1   %)   (6    %)   5    %      135.1         132.6        2    %    (3    %)   5    %
Europe and
Other             60.9      60.1     1    %    0     %    1    %     175.7       175.8       0    %    (1    %)   1    %
International
Markets
International      105.3       104.8     0    %    (2    %)   2    %      310.8         308.4        1    %    (1    %)   2    %
                                                                                  
Core Revenue     $ 411.1     $ 413.1     (1   %)   (1    %)   0    %    $ 1,178.5     $ 1,181.2      0    %    0     %    0    %
                                                                                                                          
Divested and
Other Business     -           0.1       N/M       N/M        N/M         -             18.7         N/M       N/M        N/M
(1)
                                                                                  
Total Revenue    $ 411.1    $ 413.2    (1   %)   (1    %)   0    %    $ 1,178.5    $ 1,199.9     (2   %)   (1    %)   (1   %)
                                                                                                                          
Operating
Income (Loss):
                                                                                                                          
North America    $ 112.3     $ 117.3     (4   %)                        $ 282.8       $ 323.0        (12  %)
                                                                                                                          
Asia Pacific       5.1         5.1       1    %                           15.9          (0.4    )    N/M
(2)
Europe and
Other             19.7      17.3     14   %                          49.4        46.1        7    %
International
Markets
International      24.8        22.4      11   %                           65.3          45.7         43   %
                                                                                                                          
Corporate and      (16.6 )     (30.0 )   45   %                           (45.9   )     (95.3   )    52   %
Other (3)
                                                                                  
Total
Operating          120.5       109.7     10   %                           302.2         273.4        11   %
Income (4)
                                                                                                                          
Interest           0.3         0.2       N/M                              0.9           0.5          76   %
Income
Interest           (10.3 )     (9.5  )   (9   %)                          (30.2   )     (27.8   )    (9   %)
Expense
Other Income
(Expense) -        (0.2  )     (15.4 )   99   %                           (1.5    )     (8.8    )    83   %
Net (5)
                                                                                  
Non-Operating
Income             (10.2 )     (24.7 )   59   %                           (30.8   )     (36.1   )    15   %
(Expense) -
Net
                                                                                  
Income Before
Provision for      110.3       85.0      30   %                           271.4         237.3        14   %
Income Taxes
                                                                                                                          
Less:
Provision for      37.4        4.8       N/M                              87.6          37.3         N/M
Income Taxes
Equity in Net
Income (Loss)      0.6         0.5       43   %                           1.7           1.3          38   %
of Affiliates
                                                                                  
Net Income         73.5        80.7      (9   %)                          185.5         201.3        (8   %)
                                                                                                                          
Less: Net
(Income) Loss
Attributable       (0.7  )     (1.1  )   32   %                           (2.3    )     (1.8    )    (30  %)
to the
Noncontrolling
Interest (6)
                                                                                  
Net Income
Attributable      72.8      79.6     (8   %)                         183.2       199.5       (8   %)
to D&B (7)
                                                                                                                          
Less:
Allocation to      -           -         N/M                              -             (0.1    )    N/M
Participating
Securities
                                                                                  
Net Income
Attributable     $ 72.8     $ 79.6     (8   %)                        $ 183.2      $ 199.4       (8   %)
to D&B Common
Shareholders
                                                                                                                          
Basic Earnings
Per Share of
Common Stock    $ 1.89     $ 1.77     7    %                         $ 4.64       $ 4.29        8    %
Attributable
to D&B Common
Shareholders
                                                                                                                          
Diluted
Earnings Per
Share of
Common Stock    $ 1.87     $ 1.76     6    %                         $ 4.59       $ 4.26        8    %
Attributable
to D&B Common
Shareholders
(8)
                                                                                  
Weighted
Average Number
of Shares
Outstanding:
Basic             38.5      44.8     14   %                          39.5        46.4        15   %
Diluted           38.9      45.2     14   %                          39.9        46.8        15   %
                                                                                                                          
                                                                                                                          
Operating
Margins
(Calculated on
Total Revenue)
                                                                                                                          
North America      36.7  %     38.1  %                                    32.6    %     37.0    %
Asia Pacific       11.5  %     11.3  %                                    11.8    %     (0.3    %)
Europe and
Other              32.4  %     28.7  %                                    28.1    %     26.2    %
International
Markets
International      23.6  %     21.3  %                                    21.0    %     14.0    %
Total Company     29.3  %    26.5  %                                   25.6    %    22.8    %
                                                                                                                          
Effective Tax     33.8  %    5.6   %                                   32.3    %    15.7    %
Rate


AFX - After Effects of Foreign Exchange BFX - Before Effects of Foreign
Exchange N/M - Not Meaningful

See Schedule 5 (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) - Before Non-Core Gains and Charges
                                                                                                                         
                                                   Effects                                                    Effects
                                                   of                                                         of
                 Quarter Ended           AFX       Foreign    BFX       Year-To-Date                AFX       Foreign    BFX
                 September 30,           %         Exchange   %         September 30,               %         Exchange   % Change
                                         Change               Change                                Change
Dollar amounts
in millions,     2013        2012        Fav       Fav        Fav       2013          2012          Fav       Fav        Fav
except per                               (Unfav)   (Unfav)    (Unfav)                               (Unfav)   (Unfav)    (Unfav)
share data
                                                                                                                         
Revenue:
                                                                                                                         
North America    $ 305.8     $ 308.3     (1   %)   0     %    (1   %)   $ 867.7       $ 872.8       (1   %)   0     %    (1   %)
                                                                                                                         
Asia Pacific       44.4        44.7      (1   %)   (6    %)   5    %      135.1         132.6       2    %    (3    %)   5    %
Europe and
Other             60.9      60.1     1    %    0     %    1    %     175.7       175.8      0    %    (1    %)   1    %
International
Markets
International      105.3       104.8     0    %    (2    %)   2    %      310.8         308.4       1    %    (1    %)   2    %
                                                                                  
Core Revenue     $ 411.1     $ 413.1     (1   %)   (1    %)   0    %    $ 1,178.5     $ 1,181.2     0    %    0     %    0    %
                                                                                                                         
Divested and
Other Business     -           0.1       N/M       N/M        N/M         -             18.7        N/M       N/M        N/M
(1)
                                                                                  
Total Revenue    $ 411.1    $ 413.2    (1   %)   (1    %)   0    %    $ 1,178.5    $ 1,199.9    (2   %)   (1    %)   (1   %)
                                                                                                                         
Operating
Income (Loss):
                                                                                                                         
North America    $ 112.3     $ 117.3     (4   %)                        $ 282.8       $ 323.0       (12  %)
                                                                                                                         
Asia Pacific       5.2         6.4       (20  %)                          15.9          14.3        11   %
(2)
Europe and
Other             19.7      17.3     14   %                          49.4        46.1       7    %
International
Markets
International      24.9        23.7      5    %                           65.3          60.4        8    %
                                                                                                                         
Corporate and      (9.6  )     (13.1 )   27   %                           (29.1   )     (35.5   )   18   %
Other (3)
                                                                                  
Total
Operating          127.6       127.9     0    %                           319.0         347.9       (8   %)
Income (4)
                                                                                                                         
Interest           0.3         0.2       N/M                              0.9           0.5         76   %
Income
Interest           (10.3 )     (9.5  )   (9   %)                          (30.2   )     (27.8   )   (9   %)
Expense
Other Income
(Expense) -        (0.4  )     -         N/M                              (2.1    )     0.2         N/M
Net (5)
                                                                                  
Non-Operating
Income             (10.4 )     (9.3  )   (12  %)                          (31.4   )     (27.1   )   (16  %)
(Expense) -
Net
                                                                                  
Income Before
Provision for      117.2       118.6     (1   %)                          287.6         320.8       (10  %)
Income Taxes
                                                                                                                         
Less:
Provision for      38.8        38.6      (1   %)                          92.0          105.3       13   %
Income Taxes
Equity in Net
Income (Loss)      0.6         0.5       43   %                           1.7           1.3         38   %
of Affiliates
                                                                                  
Net Income         79.0        80.5      (2   %)                          197.3         216.8       (9   %)
                                                                                                                         
Less: Net
(Income) Loss
Attributable       (0.7  )     (1.1  )   32   %                           (2.3    )     (1.7    )   (39  %)
to the
Noncontrolling
Interest (6)
                                                                                  
Net Income
Attributable      78.3      79.4     (1   %)                         195.0       215.1      (9   %)
to D&B (7)
                                                                                                                         
Less:
Allocation to      -           -         N/M                              -             -           N/M
Participating
Securities
                                                                                  
Net Income
Attributable     $ 78.3     $ 79.4     (1   %)                        $ 195.0      $ 215.1      (9   %)
to D&B Common
Shareholders
                                                                                                                         
Basic Earnings
Per Share of
Common Stock    $ 2.03     $ 1.77     15   %                         $ 4.93       $ 4.63       7    %
Attributable
to D&B Common
Shareholders
                                                                                                                         
Diluted
Earnings Per
Share of
Common Stock     $ 2.01     $ 1.76     14   %                         $ 4.88       $ 4.60       6    %
Attributable
to D&B Common
Shareholders
(8)
                                                                                  
Weighted
Average Number
of Shares
Outstanding:
Basic             38.5      44.8     14   %                          39.5        46.4       15   %
Diluted           38.9      45.2     14   %                          39.9        46.8       15   %
                                                                                                                         
                                                                                                                         
Operating
Margins
(Calculated on
Total Revenue)
                                                                                                                         
North America      36.7  %     38.1  %                                    32.6    %     37.0    %
Asia Pacific       11.6  %     14.4  %                                    11.8    %     9.5     %
Europe and
Other              32.4  %     28.7  %                                    28.1    %     26.2    %
International
Markets
International      23.6  %     22.6  %                                    21.0    %     18.5    %
Total Company     31.1  %    31.0  %                                   27.1    %    29.0    %
                                                                                                                         
Effective Tax     33.1  %    32.5  %                                   32.0    %    32.8    %
Rate
                                                                                                                         

AFX - After Effects of Foreign Exchange BFX - Before Effects of Foreign
Exchange N/M - Not Meaningful

See Schedule 5 (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 3
Supplemental Revenue Detail (unaudited)
                                                             
                                                                                                                                      
                                                                                                                                      
                    Quarter Ended                     Effects of                  Year-To-Date                          Effects of
                    September 30,       AFX           Foreign       BFX           September 30,           AFX           Foreign       BFX
                                        % Change      Exchange      % Change                              % Change      Exchange      % Change
    Amounts in      2013      2012      Fav/(Unfav)   Fav/(Unfav)   Fav/(Unfav)   2013        2012        Fav/(Unfav)   Fav/(Unfav)   Fav/(Unfav)
    millions
                                                                                                                                      
    Geographic
    and Customer
    Solution Set
    Revenue:
    North
    America:
    Risk
    Management      $ 176.7   $ 178.8      (1    )%      0     %       (1    )%   $ 510.8     $ 518.5        (1.5  )%   (0.1    )%    (1     )%
    Solutions
    Sales &
    Marketing         129.1     129.5      0     %       0     %       0     %      356.9       354.3        0.8   %    0.0     %     1      %
    Solutions
                                                                                           
    Subtotal Core     305.8     308.3      (1    )%      0     %       (1    )%     867.7       872.8        (0.6  )%   (0.1    )%    (1     )%
    Revenue
                                                                                                                                      
    Divested and
    Other             -         -          N/M           N/M           N/M          -           -            N/M        N/M           N/M
    Business ^1
                                                                                           
    Total North
    America         $ 305.8   $ 308.3      (1    )%      0     %       (1    )%   $ 867.7     $ 872.8        (0.6  )%   (0.1    )%    (1     )%
    Revenue
                                                                                                                                      
    Asia Pacific:
    Risk
    Management      $ 38.2    $ 38.1       1     %       (6    )%      7     %    $ 116.4     $ 111.6        5     %    (3      )%    8      %
    Solutions
    Sales &
    Marketing         6.2       6.6        (8    )%      (3    )%      (5    )%     18.7        21.0         (11   )%   (1      )%    (10    )%
    Solutions
                                                                                           
    Subtotal Core     44.4      44.7       (1    )%      (6    )%      5     %      135.1       132.6        2     %    (3      )%    5      %
    Revenue
                                                                                                                                      
    Divested and
    Other             -         0.1        N/M           N/M           N/M          -           18.7         N/M        N/M           N/M
    Business ^1
                                                                                           
    Total Asia
    Pacific         $ 44.4    $ 44.8       (1    )%      (6    )%      5     %    $ 135.1     $ 151.3        (11   )%   (3      )%    (8     )%
    Revenue
                                                                                                                                      
    Europe and
    Other
    International
    Markets:
    Risk
    Management      $ 48.6    $ 48.9       (1    )%      1     %       (2    )%   $ 143.5     $ 145.1        (1    )%   0       %     (1     )%
    Solutions
    Sales &
    Marketing         12.3      11.2       10    %       (1    )%      11    %      32.2        30.7         5     %    (1      )%    6      %
    Solutions
                                                                                           
    Subtotal Core     60.9      60.1       1     %       0     %       1     %      175.7       175.8        0     %    (1      )%    1      %
    Revenue
                                                                                                                                      
    Divested and
    Other             -         -          N/M           N/M           N/M          -           -            N/M        N/M           N/M
    Business ^1
                                                                                           
    Total Europe
    and Other
    International   $ 60.9    $ 60.1       1     %       0     %       1     %    $ 175.7     $ 175.8        0     %    (1      )%    1      %
    Markets
    Revenue
                                                                                                                                      
    International
    Risk
    Management      $ 86.8    $ 87.0       0     %       (2    )%      2     %    $ 259.9     $ 256.7        1     %    (2      )%    3      %
    Solutions
    Sales &
    Marketing         18.5      17.8       3     %       (2    )%      5     %      50.9        51.7         (2    )%   (2      )%    0      %
    Solutions
                                                                                           
    Subtotal Core     105.3     104.8      0     %       (2    )%      2     %      310.8       308.4        1     %    (1      )%    2      %
    Revenue
                                                                                                                                      
    Divested and
    Other             -         0.1        N/M           N/M           N/M          -           18.7         N/M        N/M           N/M
    Business ^1
                                                                                           
    Total
    International   $ 105.3   $ 104.9      0     %       (2    )%      2     %    $ 310.8     $ 327.1        (5    )%   (1      )%    (4     )%
    Revenue
                                                                                                                                      
    Total
    Corporation:
    Risk
    Management      $ 263.5   $ 265.8      (1    )%      (1    )%      0     %    $ 770.7     $ 775.2        (1    )%   (1      )%    0      %
    Solutions
    Sales &
    Marketing         147.6     147.3      0     %       0     %       0     %      407.8       406.0        0     %    (1      )%    1      %
    Solutions
                                                                                           
    Subtotal Core     411.1     413.1      (1    )%      (1    )%      0     %      1,178.5     1,181.2      0     %    0       %     0      %
    Revenue
                                                                                                                                      
    Divested and
    Other             -         0.1        N/M           N/M           N/M          -           18.7         N/M        N/M           N/M
    Business ^1
                                                                                           
    Total
    Corporation     $ 411.1   $ 413.2      (1    )%      (1    )%      0     %    $ 1,178.5   $ 1,199.9      (2    )%   (1      )%    (1     )%
    Revenue
                                                                                                                                      
    Amounts in
    millions
                                                                                                                                      
    North America
    Risk
    Management
    Solutions
    (Core)
    DNBi
    Subscription    $ 105.0   $ 107.3      (2    )%      0     %       (2    )%   $ 317.7     $ 321.8        (1.3  )%   (0.1    )%    (1     )%
    Plans ^ 2
    Non-DNBi
    Subscription      13.9      14.1       (2    )%      0     %       (2    )%     42.4        44.3         (4.5  )%   (0.1    )%    (4     )%
    Plans ^ 3
                                                                                           
    Total RMS
    Subscription      118.9     121.4      (2    )%      0     %       (2    )%     360.1       366.1        (1.7  )%   (0.1    )%    (2     )%
    Plans
    Projects and
    Other Risk        57.8      57.4       1     %       0     %       1     %      150.7       152.4        (1.1  )%   (0.1    )%    (1     )%
    Management
    Solutions ^4
                                                                                           
    Total North
    America Risk
    Management      $ 176.7   $ 178.8      (1    )%      0     %       (1    )%   $ 510.8     $ 518.5        (1.5  )%   (0.1    )%    (1     )%
    Solutions
    (Core)
                                                                                                                                      
    North America
    Sales &
    Marketing
    Solutions
    (Core)
    Traditional     $ 53.2    $ 54.7       (3    )%      0     %       (3    )%   $ 140.6     $ 150.9        (6.9  )%   (0.1    )%    (7     )%
    ^5
    VAPS              75.9      74.8       2     %       0     %       2     %      216.3       203.4        6.4   %    (0.1    )%    7      %
                                                                                           
    Total North
    America Sales
    & Marketing     $ 129.1   $ 129.5      0     %       0     %       0     %    $ 356.9     $ 354.3        0.8   %    0.0     %     1      %
    Solutions
    (Core)
                                                                                                                                      
                                                                                                                                      
                    Quarter Ended
                                                                                                                                      
    Amounts in      Sep 30,   Jun 30,   Mar 31,       Dec 31,       Sep 30,       Jun 30,     Mar 31,     Dec 31,
    millions        2013      2013      2013          2012          2012          2012        2012        2011
                                                                                                                                      
    North America
    Risk
    Management
    Solutions
    (Core)
    DNBi
    Subscription    $ 105.0   $ 106.2   $  106.5      $  106.7      $  107.3      $ 106.8     $ 107.7     $  108.3
    Plans ^ 2
    Non-DNBi
    Subscription      13.9      14.4       14.1          14.8          14.1         14.5        15.7         17.0
    Plans ^ 3
                                                                                                   
    Total RMS
    Subscription      118.9     120.6      120.6         121.5         121.4        121.3       123.4        125.3
    Plans
    Projects and
    Other Risk        57.8      47.5       45.4          60.6          57.4         48.2        46.8         64.6
    Management
    Solutions ^4
                                                                                                   
    Total North
    America Risk
    Management      $ 176.7   $ 168.1   $  166.0      $  182.1      $  178.8      $ 169.5     $ 170.2     $  189.9
    Solutions
    (Core)
                                                                                                                                      
    North America
    Sales &
    Marketing
    Solutions
    (Core)
    Traditional     $ 53.2    $ 41.1    $  46.3       $  63.7       $  54.7       $ 44.7      $ 51.5      $  67.2
    ^5
    VAPS              75.9      69.5       70.9          107.0         74.8         64.8        63.8         101.8
                                                                                                   
    Total North
    America Sales
    & Marketing     $ 129.1   $ 110.6   $  117.2      $  170.7      $  129.5      $ 109.5     $ 115.3     $  169.0
    Solutions
    (Core)
                                                                                                   
                                                                                                                                      
                                                                                                                                      
                                                                                                                                      
Notes:
                                                                                                                                      
                    Quarter Ended                                                 Year-To-Date
                    September 30,                                                 September 30,
                                                                                                                                      
                    2013      2012                                                2013        2012
    Divested and
1   Other
    Business:
    North
    America:
    Risk
    Management      $ 0.0     $ 0.0                                               $ 0.0       $ 0.0
    Solutions
    Sales &
    Marketing        0.0      0.0                                                0.0        0.0
    Solutions
    Total
    Divested and    $ 0.0     $ 0.0                                               $ 0.0       $ 0.0
    Other
    Business
    Asia Pacific:
    Risk
    Management      $ 0.0     $ 0.1                                               $ 0.0       $ 9.3
    Solutions
    Sales &
    Marketing        0.0      0.0                                                0.0        9.4
    Solutions
    Total
    Divested and    $ 0.0     $ 0.1                                               $ 0.0       $ 18.7
    Other
    Business
    Europe and
    Other
    International
    Markets:
    Risk
    Management      $ 0.0     $ 0.0                                               $ 0.0       $ 0.0
    Solutions
    Sales &
    Marketing        0.0      0.0                                                0.0        0.0
    Solutions
    Total
    Divested and    $ 0.0     $ 0.0                                               $ 0.0       $ 0.0
    Other
    Business
    Total
    Corporation:
    Risk
    Management      $ 0.0     $ 0.1                                               $ 0.0       $ 9.3
    Solutions
    Sales &
    Marketing        0.0      0.0                                                0.0        9.4
    Solutions
    Total
    Divested and    $ 0.0     $ 0.1                                               $ 0.0       $ 18.7
    Other
    Business
                                                                                                                                      

    DNBi subscription plans - interactive, customizable online application
    that offers our customers real time access to our most complete and
2  up-to-date global DUNSRight information, comprehensive monitoring and
    portfolio analysis. DNBi subscription plans are contracts that allow
    customers unlimited use, within pre-defined ranges. In these instances, we
    recognize revenue ratably over the term of the contract.
    
    Non-DNBi subscription plans - subscription contracts which provide
    increased access to our risk management reports and data to help customers
3   increase their profitability while mitigating their risk. The non-DNBi
    subscription plans allow customers unlimited use, within pre-defined
    ranges. In these instances, we recognize revenue ratably over the term of
    the contract.
    
    Projects and other risk management solutions - all other revenue streams.
4   This includes, for example, our Business Information Report, our
    Comprehensive Report, our International Report, and D&B Direct.
    
5   Sales & Marketing Solutions traditional - includes the former Internet
    Solutions.
    

The Dun & Bradstreet Corporation                                                                                   Schedule 4
Supplemental Financial Data (unaudited)

                 Quarter Ended                                                             Year-To-Date
                   September 30,                 AFX                                          September 30,             AFX
                                                % Change                                                               % Change
  Amounts in       2013           2012           Fav/(Unfav)                                  2013         2012         Fav/(Unfav)
  millions
                                                                                                                        
  Operating
  Costs - GAAP
  Results:
  Operating        $ 131.9        $ 124.2          (6       )%                                $ 388.2      $ 395.2        2      %
  Expenses
  Selling and
  Administrative     135.2          154.5          13       %                                   423.9        448.2        5      %
  Expenses
  Depreciation
  and                17.4           20.0           13       %                                   53.6         59.9         11     %
  Amortization
  Restructuring     6.1          4.8           (26      )%                                 10.6       23.2        54     %
  Expense
                                                                                                                        
  Total
  Operating        $ 290.6       $ 303.5         4        %                                 $ 876.3     $ 926.5       5      %
  Costs - GAAP
  Results
                                                                                                                        
  Capital
  Expenditures -   $ 1.8         $ 1.0           (85      )%                                $ 6.3       $ 2.1         N/M
  GAAP Results
                                                                                                                        
  Additions to
  Computer
  Software &       $ 7.8         $ 16.7          53       %                                 $ 30.0      $ 49.8        40     %
  Other
  Intangibles -
  GAAP Results
                                                                                                                        
  Operating
  Costs - Before
  Non-Core Gains
  and Charges:
  Operating        $ 131.9        $ 117.0          (13      )%                                $ 388.1      $ 363.2        (7     )%
  Expenses
  Selling and
  Administrative     134.2          148.4          10       %                                   417.8        429.6        3      %
  Expenses
  Depreciation
  and                17.4           19.9           12       %                                   53.6         59.2         9      %
  Amortization
  Restructuring     -            -             N/M                                         -          -           N/M
  Expense
                                                                                                                        
  Total
  Operating
  Costs - Before   $ 283.5       $ 285.3         1        %                                 $ 859.5     $ 852.0       (1     )%
  Non-Core Gains
  and Charges
                                                                                                                        
                                                                                                                        
                                                                                                                        
                                                                                                                        
                   Quarter Ended                                                              Year-To-Date
                   September 30,                                                              September 30,
                                                                                                                        
  Amounts in       2013           2012                                                        2013         2012
  millions
                                                                                                                        
  Operating
  Expenses -       $ 131.9        $ 124.2                                                     $ 388.2      $ 395.2
  GAAP Results
  MaxCV              -              (6.6     )                                                  -            (26.8  )
  Impairments
  Related to         -              -                                                           -            (4.1   )
  Matters in
  China
  Legal and
  Other
  Professional
  Fees and
  Shut-Down          -              (0.6     )                                                  (0.1   )     (1.1   )
  (Costs)
  Recoveries
  Related to
  Matters In
  China
                                                                                                        
  Operating
  Expenses -
  Before
  Non-Core Gains   $ 131.9       $ 117.0                                                    $ 388.1     $ 363.2  
  and (Charges)
                                                                                                                        
  Selling and
  Admin - GAAP     $ 135.2        $ 154.5                                                     $ 423.9      $ 448.2
  Results
  MaxCV              -              -                                                           -            1.8
  Legal and
  Other
  Professional
  Fees and
  Shut-Down          (1.0     )     (6.1     )                                                  (6.1   )     (11.6  )
  (Costs)
  Recoveries
  Related to
  Matters In
  China
  Impairments
  Related to         -              -                                                           -            (8.8   )
  Matters in
  China
                                                                                                        
  Selling and
  Admin -
  Before
  Non-Core Gains   $ 134.2       $ 148.4                                                    $ 417.8     $ 429.6  
  and (Charges)
                                                                                                                        
  Depreciation
  and              $ 17.4         $ 20.0                                                      $ 53.6       $ 59.9
  Amortization -
  GAAP Results
  MaxCV              -              (0.1     )                                                  -            (0.6   )
  Legal and
  Other
  Professional
  Fees and
  Shut-Down          -              -                                                           -            (0.1   )
  (Costs)
  Recoveries
  Related to
  Matters In
  China
                                                                                                        
  Depreciation
  and
  Amortization -
  Before
  Non-Core Gains   $ 17.4        $ 19.9                                                     $ 53.6      $ 59.2   
  and (Charges)
                                                                                                                        
  Restructuring    $ 6.1          $ 4.8                                                       $ 10.6       $ 23.2
  - GAAP Results
  Restructuring      (6.1     )     (4.8     )                                                  (10.6  )     (23.2  )
                                                                                                        
  Restructuring
  - Before         $ -           $ -                                                        $ -         $ -      
  Non-Core Gains
  and (Charges)
                                                                                                                        
                                                                                                                        
                   Quarter Ended
                                                                                                                        
  Amounts in       Sep 30, 2013   Jun 30, 2013   Mar 31, 2013    Dec 31, 2012    Sep 30,      Jun 30,      Mar 31,      Dec 31,
  millions                                                                       2012         2012         2012         2011
                                                                                                                        
  Net Debt
  Position:
  Cash and Cash    $ 214.3        $ 196.5        $ 172.8         $ 149.1         $ 137.0      $ 118.6      $ 117.7      $ 84.4
  Equivalents
  Short-Term         (0.1     )     (0.1     )     (0.1     )      (0.2     )      (400.2 )     (400.6 )     (1.0   )     (1.1   )
  Debt
  Long-Term Debt    (1,455.9 )    (1,408.0 )    (1,302.7 )     (1,290.7 )     (623.9 )    (613.0 )    (841.8 )    (963.9 )
                                                                                                                        
  Net Debt         $ (1,241.7 )   $ (1,211.6 )   $ (1,130.0 )    $ (1,141.8 )    $ (887.1 )   $ (895.0 )   $ (725.1 )   $ (880.6 )
                                                                                                                        
                                                                                                                        
                                  Year-To-Date
                                                                                                                        
                                                                                                                        
  Amounts in                      Sep 30, 2013   Sep 30, 2012    % Change
  millions                                                       Fav/(Unfav)
                                                                                                                        
  Free Cash
  Flow:
  Net Cash
  Provided By
  Operating                       $ 299.3        $ 307.1           (3       )%
  Activities -
  GAAP Results
  Less:
  Capital
  Expenditures -                    6.3            2.1             N/M
  GAAP Results
  Additions to
  Computer
  Software &                       30.0         49.8           40       %
  Other
  Intangibles -
  GAAP Results
                                                                                                                        
  Free Cash Flow                  $ 263.0        $ 255.2           3        %
  Legacy Tax
  Matters                          -            -              N/M
  (Refund)
  Payment
  Free Cash Flow
  Excluding                       $ 263.0       $ 255.2          3        %
  Legacy Tax
  Matters
                                                                                                                        
                                                                                                                        
                                  Year-To-Date
                                                                                                                        
                                                                                                                        
  Amounts in                      Sep 30, 2013   Sep 30, 2012    % Change
  millions                                                       Fav/(Unfav)
                                                                                                                        
  Net Cash
  Provided By
  Operating
  Activities
  excluding
  Legacy Tax
  Matters:
  Net Cash
  Provided By
  Operating                       $ 299.3        $ 307.1           (3       )%
  Activities -
  GAAP Results
  Legacy Tax
  Matters                          -            -              N/M
  (Refund)
  Payment
                                                                                                                        
  Net Cash
  Provided By
  Operating
  Activities                      $ 299.3       $ 307.1          (3       )%
  Excluding
  Legacy Tax
  Matters
                                                                                                                        

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.


<td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsingle*Story too
large*
The Dun & Bradstreet                                          Schedule 5
Corporation
Notes to Schedules 1 and 2 (unaudited) and Definitions of Non-GAAP Measures
    
      The following table
      reconciles Divested
(1)   and Other Business
      included in
      Schedule 1 and
      Schedule 2:
                            Quarter Ended               Year-To-Date
                            September 30,               September 30,
      Amounts in millions   2013        2012            2013        2012
                                                                    
      Divested and Other
      Business:
      Domestic Portion of   $ -         $ -             $ -         $  12.7
      Japan Operations
      Roadway China           -           -               -            5.4
      India Research and     -         0.1           -          0.6   
      Advisory Services
                                                                    
      Total Divested and    $ -        $ 0.1          $ -        $  18.7  
      Other Business
                                                                    
      The following table
      reconciles Asia
(2)   Pacific Operating
      Income included in
      Schedule 1 and
      Schedule 2:
                            Quarter Ended               Year-To-Date
                            September 30,               September 30,
      Amounts in millions   2013        2012            2013        2012
                                                                    
      Asia Pacific
      Operating Income -    $ 5.1       $ 5.1           $ 15.9      $  (0.4  )
      GAAP Results
      (Schedule 1)
                                                                    
      Legal and Other
      Professional Fees
      and Shut-Down           (0.1  )     (1.3  )         -            (1.8  )
      (Costs) Recoveries
      Related to Matters
      In China
      Impairments Related    -         -             -          (12.9 )
      to Matters in China
                                                                    
      Asia Pacific
      Operating Income -
      Before Non-Core       $ 5.2      $ 6.4          $ 15.9     $  14.3  
      Gains and (Charges)
      (Schedule 2)
                                                                    
      The following table
      reconciles
(3)   Corporate and Other
      expenses included
      in Schedule 1 and
      Schedule 2:
                            Quarter Ended               Year-To-Date
                            September 30,               September 30,
      Amounts in millions   2013        2012            2013        2012
                                                                    
      Corporate and Other
      - GAAP Results        $ (16.6 )   $ (30.0 )       $ (45.9 )   $  (95.3 )
      (Schedule 1)
                                                                    
      Restructuring           (6.1  )     (4.8  )         (10.6 )      (23.2 )
      Charges
      MaxCV                   -           (6.7  )         -            (25.6 )
      Legal and Other
      Professional Fees
      and Shut-Down          (0.9
      (Costs) Recoveries
      Related to Matters
      In China

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