THE DATA GROUP INCOME FUND COMPLETES REDEMPTION OF ITS OUTSTANDING 6.75%
EXTENDIBLE CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES

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BRAMPTON, ON, Dec. 31 /CNW/ - The DATA Group Income Fund (TSX:DGI.DB) (the "Fund") announced today that it has redeemed all of its outstanding 6.75% extendible convertible unsecured subordinated debentures (the "2006 Debentures").

Each $1,000 principal amount of 2006 Debentures has been redeemed for cash of $1,033.75 (the "Total Redemption Price"), being an amount equal to $1,000 plus accrued and unpaid interest thereon to, but excluding, December 31, 2010, less applicable withholding taxes, if any. The Total Redemption Price will be payable upon presentation and surrender of 2006 Debentures on or after December 31, 2010 at the corporate trust office of Computershare Trust Company of Canada, 8th Floor, South Tower, 100 University Avenue, Toronto, Ontario Canada M5J 2Y1.

In accordance with the terms of the trust indenture governing the 2006 Debentures, the Fund has deposited with Computershare Trust Company of Canada the aggregate Total Redemption Price. Interest on the principal amount of the 2006 Debentures will cease to be payable from and after December 31, 2010, unless payment of the Total Redemption Price is not made on presentation for surrender of 2006 Debentures at the above-mentioned corporate trust office of Computershare Trust Company of Canada on or after December 31, 2010.

The aggregate redemption amount for the 2006 Debentures was funded with borrowings under The Data Group Limited Partnership's available credit facilities and cash on hand.

About the Fund

The Fund owns directly and indirectly all of the outstanding partnership units of The Data Group Limited Partnership (the "Data Group") and all of the outstanding shares of the Data Group's general partner, Data Business Forms Limited. The DATA Group is a leading provider of document management solutions including printed products. Founded in 1959, the Data Group operates numerous facilities in 11 regions across Canada and has a leading market share in the total document management services segment.

Additional information relating to The DATA Group Income Fund is available on the System for Electronic Document Analysis and retrieval (SEDAR) at www.sedar.com and www.datagroupincomefund.com.

Forward-looking Statements

Certain statements in this press release constitute "forward-looking" statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, objectives or achievements of the Fund and/or the Data Group, or industry results, to be materially different from any future results, performance, objectives or achievements expressed or implied by such forward-looking statements. When used in this press release, words such as "may", "would", "could", "will", "expect", "anticipate", "estimate", "believe", "intend", "plan", and other similar expressions are intended to identify forward-looking statements. These statements reflect the Fund's current views regarding future events and operating performance, are based on information currently available to the Fund, and speak only as of the date of this press release. These forward-looking statements involve a number of risks, uncertainties and assumptions and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such performance or results will be achieved. Many factors could cause the actual results, performance or achievements of the Fund and the Data Group to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Those factors are discussed under the heading "Risks and Uncertainties" in the Fund's management's discussion and analysis and in the Fund's other publicly available disclosure documents, as filed by the Fund on SEDAR (www.sedar.com). Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described in this press release as intended, planned, anticipated, believed, estimated or expected. Unless required by applicable securities law, the Fund does not intend and does not assume any obligation to update these forward-looking statements.

For further information: Mr. Michael Suksi, President and CEO, The Data Group Limited Partnership, Tel: [phone]; Mr. Paul O'Shea, Chief Financial Officer, The Data Group Limited Partnership, Tel: [phone]