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Quebecor World Awarded Contracts of $230 Million from Simon & Schuster

Press release from the issuing company

Dec. 9, 2002-- Quebecor World Inc. has been awarded contracts for the exclusive production of the majority of Simon & Schuster book product formats. These multi-year contracts, having a total sales potential of $230 million, extend a longstanding relationship between Simon & Schuster and Quebecor World. "Our new, expanded relationship with Quebecor World highlights the advantages of sole sourcing and mutual benefits of closely aligning our production processes with one major player. We look forward to working with them on advances in technology, streamlining operations, and improving our time to market," said Sam Judd, Senior Vice President, Chief Financial Officer of Simon & Schuster. Jerry Allee, Quebecor World Book Service President, North America stated "We are excited to have been awarded this contract to expand our relationship with Simon & Schuster. They are one of the world's largest publishers of best selling novels and at any one time their titles make up approximately one-third of the top ten of the New York Times best seller lists. It is our intent to continue to help our customers leverage their own economies of scale, as we work together to optimize the print production supply chain". The majority of the production will take place at Quebecor World's Buffalo, Fairfield and Martinsburg plants. Additionally, Quebecor World has invested in a Digital Trade Module in its Martinsburg facility. This module is completely operational and was established to support the efficient production of run lengths of under 500 units. "This unique, customized process allows Quebecor World to ensure publishers such as Simon & Schuster that their titles will always be in print," said Mr. Allee. "This is one more example of how we are developing new services to respond to our customers ever changing needs. Quebecor World's leading edge book printing technology guarantees the life of our customers books and creates a whole new market opportunity for them without increasing inventories."