Valassis’ Alan F. Schultz to Retire, Rob Mason Named CEO Successor

LIVONIA, MI—August 23, 2011—Valassis announced the planned retirement of its chairman, president and CEO, Alan F. Schultz, on Dec. 31, 2011, after 27 years with the company. Schultz will retain his chairman of the board role and has also entered into a three-year consulting arrangement with the company to assist with the leadership transition. This agreement will be effective on Jan. 1, 2012, upon the expiration of Schultz’s current employment contract.