Pollard Banknote Awarded Secondary Instant Ticket Contract with the Massachusetts Lottery

It is anticipated that production volumes will at least equal current levels, but opportunities to expand the company's business with the Massachusetts Lottery are being actively pursued. Pollard Banknote's collaboration with the Lottery broke new ground in 2007, for example, with its inaugural launch of Cashword, an innovative product line employing the company's patented translucent marking system. With weekly revenues of $3 million, representing about 5% of instant ticket sales, these games now form an integral part of the Lottery's strategic plan to offer products capable of satisfying the demands of a broader player base.

"The Massachusetts Lottery has consistently remained one of the world's most successful instant ticket jurisdictions," said Gordon Pollard, Co-Chief Executive Officer, Pollard Banknote. "We are proud that our company has been given the chance to continue capitalizing on our decade-long relationship with this industry leader and look forward to introducing products and strategies that will assist in achieving even greater sales."

The Massachusetts Lottery currently distributes proceeds to local governments according to an aid formula established by the state's legislative body. The funds are subsequently dispersed to whatever 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-based on revenues that exceeded $4.7 billion.

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 America.

About Pollard Banknote Income Fund

Pollard Banknote Income Fund (TSX: PBL.UN | Quote | Chart | News | PowerRating) 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.

SOURCE: Pollard Banknote Income Fund

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

For full details on (PBL.UN) PBL.UN. (PBL.UN) has Short Term PowerRatings at TradingMarkets. Details on (PBL.UN) Short Term PowerRatings is available at This Link.