Exhibit 99-1

The Common Stock of Dex One Corporation reported in Column 5 of the attached
Form 4 (the "Securities") are beneficially owned by one or more open- or
closed-end investment companies or other managed accounts that are investment
management clients of investment managers that are direct and indirect
subsidiaries (collectively, the "Investment Management Subsidiaries") of
Franklin Resources, Inc. ("FRI"), including Franklin Advisers, Inc. ("FAV").
Such clients of FAV beneficially own 15,061,130 shares of the Securities so
reported, including Franklin Income Fund, a series of Franklin Custodian Funds,
an investment company registered under the Investment Company Act of 1940, that
has an interest in 10,242,757 of such shares representing 20.48% of the
outstanding Common Stock of Dex One Corporation. Investment management contracts
grant to the Investment Management Subsidiaries all investment and/or voting
power over the securities owned by such clients, except as otherwise disclosed
below. Therefore, for purposes of Rule 13d-3 under the Securities Exchange Act
of 1934, as amended (the "Act"), the Investment Management Subsidiaries may be
deemed to be the beneficial owners of the Securities.

Beneficial ownership by the Investment Management Subsidiaries and other
affiliates of FRI is being reported in conformity with the guidelines
articulated by the SEC staff in Release No. 34-39538 (January 12, 1998) relating
to organizations, such as FRI, where related entities exercise voting and
investment powers over the securities being reported independently from each
other. The voting and investment powers held by Franklin Mutual Advisers, LLC
("FMA"), an indirect wholly owned investment management subsidiary of FRI, are
exercised independently from FRI and from all other investment management
subsidiaries of FRI (FRI, its affiliates and the investment management
subsidiaries other than FMA are, collectively, "FRI affiliates"). Furthermore,
internal policies and procedures of FMA and FRI establish informational barriers
that prevent the flow between FMA and the FRI affiliates of information that
relates to the voting and investment powers over the securities owned by their
respective investment management clients. Consequently, FMA and the FRI
affiliates report the securities over which they hold investment and voting
power separately from each other for purposes of Section 13 of the Act.

Charles B. Johnson and Rupert H. Johnson, Jr. (the "Principal Shareholders")
each own in excess of 10% of the outstanding common stock of FRI and are the
principal stockholders of FRI. FRI and the Principal Shareholders may be deemed
to be, for purposes of Rule 13d-3 under the Act, the beneficial owners of
securities held by persons and entities for whom or for which FRI subsidiaries
provide investment management services. FRI, the Principal Shareholders and each
of the Investment Management Subsidiaries disclaim any pecuniary interest in any
of the Securities. In addition, the filing of this Form 4 on behalf of FRI
should not be construed as an admission that it is, and FRI disclaims that it
is, the beneficial owner, as defined in Rule 13d-3, of any of the Securities.

FRI, the Principal Shareholders, and each of the Investment Management
Subsidiaries believe that they are not a "group" within the meaning of Rule
13d-5 under the Act and that they are not otherwise required to attribute to
each other the beneficial ownership of the Securities held by any of them or by
any persons or entities for whom or for which the Investment Management
Subsidiaries provide investment management services.