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Quebecor World Awarded Multi-Year Agreement for Conde Nast Teen Vogue

Press release from the issuing company

GREENWICH, Conn.--Feb. 7, 2003--Quebecor World has entered into a multi-year agreement with Conde Nast Publications to print its new magazine, Teen Vogue. This Euro-sized title (6-3/4" by 9-1/8") will be launched with the February/March issue and have an initial circulation rate base of 450,000. It will be published six times in 2003. Teen Vogue will feature the same caliber fashion and photography as Vogue, but it will be tailored to sophisticated teen sensibilities and show products in a range of prices. Articles will address the full range of teenage interests - from celebrities, movies, music, and shopping to peer pressure, body image, and self-identity. John Paloian, Chief Operating Officer, Quebecor World North America said, "When a major publisher launches a new publication it requires a significant investment of resources. Choosing Quebecor World to print its new magazine is the highest compliment Conde Nast could have paid us. It reaffirms their belief in Quebecor World's ability to print the highest quality magazines." In commenting on this new agreement, David Orlin, Senior Vice President for Strategic Sourcing at Advance Magazine Group, Conde Nast's parent company, said, "We know that Quebecor World will work closely with us to ensure the success of our new launch. Their ability to provide a wide range of manufacturing options affords us the flexibility we need with a new magazine." Rick Marcoux, President, Quebecor World Magazines, added, "We are delighted with Conde Nast's confidence in us as they expand our 20-plus year relationship by awarding us this new title. Quebecor World remains committed to delivering the service and quality levels that will allow us to maintain our leadership position in the magazine printing market." Kevin Hickey, Senior Vice President, Manufacturing and Distribution, Conde Nast, said, "Quebecor World does a terrific job with many of our titles, including Vogue. We're confident that they'll also be a key part of our success with Teen Vogue." Conde Nast Publications, which is part of the Advance Magazine Group, publishes one of the most recognizable magazine portfolios in the industry, and is committed to journalistic integrity, influential reporting, and superior design. Quebecor World currently prints Brides, GQ, Vogue, House & Garden, Allure, Gourmet, Architectural Digest, and Self, as well as AMG's Parade and Golf Digest.