INVESTMENTS

Employee Stock Purchase Plan Selling Your Stock

Associates wishing to sell their stock in the plan must complete a "Stock Purchase Plan Sale Request Form". This form should be faxed directly to JPMorgan at the number provided on the form. The form can be also be obtained on the Accounting/Forms page of myValassis intranet website. The stock sale process for this particular plan can take five to seven business days to complete since the plan is a nonqualified stock purchase plan and administered differently from a qualified stock purchase plan. JPMorgan or Valassis cannot be held liable for any fluctuations in the VCI stock price while this transaction is in progress.

There is additional information available here.

Associates wishing to have more control over the price and timing of their stock sale should consider transferring their stock shares to a personal brokerage account.

	Highlights Employee Stock Purchase Plan   Eligibility and Enrollment   How the Plan Works   Vesting   Voting Rights   Selling Your Stock   Transferring Your Stock   Other Information   FAQ'S Retirement Savings Plan Social Security Benefits Administrative Information

Summary Plan Description
The legal summary of this benefit will be included in the 2008 Benefits Handbook.