MONTREAL--May 11, 2004-- Quebecor World is pleased to announce the appointment of Antonio Fernandez as Chief Operating Officer, Quebecor World Europe. He will assume responsibility for all of Quebecor World's European Operations outside of France upon the retirement of John Dickin. Mr. Dickin will retire at the end of June. In the meantime, John and Antonio will work closely together to ensure a smooth transition. "I would like to thank John Dickin for his exemplary service during the last seven years. John's determination and hard work have contributed greatly to our success and I know he will be missed by our customers and our employees," said Pierre Karl Peladeau, President and Chief Executive Officer, Quebecor World Inc. "I would also like to welcome Antonio into his new position. I am pleased he will be able to benefit from John's experience during this transitional period." Antonio Fernandez has extensive experience in the printing industry. He joined Quebecor World in 1996, when the Company acquired Altair, the printing unit of Group ONCE. He served as General Manager until 1999 when Quebecor World acquired Group Cayfo in Barcelona. At that time Antonio was promoted to Managing Director of Quebecor Iberica, the Quebecor World holding company in Spain. Antonio speaks Spanish, French and English and holds a degree in biochemistry from University Complutense of Madrid. He will continue to be based at Quebecor World's office in Madrid, Spain.