THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Valassis Communications, Inc. (VCI)

4/4/2006 Proxy Information

Director Dr. Walter H. Kus former son-in-law served as an employee of Valassis until December 2005. He is no longer with our company and he received payments commensurate with the terms and conditions of his employment agreement totaling $643,084, which includes compensation during the period he was employed in 2005 and severance payments. Dr. Walter H. Kus former son-in-law never served as an executive officer of our company.

Dr. Kus son-in-law served as one of our employees but is no longer with our company as of December 2005.

4/5/2005 Proxy Information

In February 2003, the Company purchased the capital stock of NCH for approximately $60 million. Brian Husselbee, a director of Valassis at the time of the acquisition, is the President of NCH and sold his shares of NCH stock for a purchase price of approximately $1.63 million to Valassis in connection with the transaction. In addition, in connection with the transaction, Mr. Husselbee received from the sellers of NCH a sales bonus of $300,000 at the time of closing and an additional bonus of $170,000 in September 2004. Mr. Husselbee resigned from the Board of Directors of Valassis on February 20, 2003 and has continued to serve as President of NCH and an executive officer of Valassis since such date.

Director Dr. Walter H. Kus son-in-law serves as an employee of Valassis with an annual salary and bonus of $288,300 during fiscal year 2004.

4/6/2004 Proxy Information

Richard N. Anderson retired after serving as Executive Vice President of Manufacturing and Media of Valassis Communications from 1992 to 2001 and served as Group Vice President of Valassis Inserts from 1986 to 1992. He held various management positions with Valassis Inserts, Inc., Valassis' former subsidiary, including division Vice President and Vice President of Manufacturing, since joining Inserts in 1982 until its merger with Valassis.

In February 2003, the Company purchased the capital stock of NCH for approximately $60 million. Brian Husselbee, a director of Valassis at the time of the acquisition, is the President of NCH and sold his shares of NCH stock for a purchase price of approximately $1.63 million to Valassis in connection with the transaction. In addition, in connection with the transaction, Mr. Husselbee received from the sellers of NCH a sales bonus of $300,000, will receive an additional bonus of $53,125 if he remains employed by NCH eighteen (18) months after the closing of the transaction and is entitled to receive from the sellers of NCH an additional $116,875 in the discretion of certain other sellers of NCH stock. Mr. Husselbee resigned from the Board of Directors of Valassis on February 20, 2003 and has continued to serve as President of NCH and an executive officer of Valassis since such date.

4/14/2003 Proxy Information

In February 2003, the Company purchased the capital stock of NCH Marketing Services, Inc. ("NCH") for approximately $60 million. Brian Husselbee, a director of Valassis at the time of the acquisition, is the President of NCH and sold his shares of NCH Stock for a purchase price of approximately $1.63 million to Valassis in connection with the transaction. In addition, in connection with transaction, Mr. Husselbee received from the sellers of NCH a sales bonus of $300,000, will receive an additional bonus of $53,125 if he remains employed by NCH eighteen (18) months after the closing of the transaction and is entitled to receive from the sellers of NCH an additional $116,875 in the discretion of certain other sellers of NCH Stock. Mr. Husselbee resigned from the Board of Directors of Valassis on February 20, 2003 and will continue to serve as President of NCH and an executive officer of Valassis.