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Quebecor Agreement with Bell ActiMedia Calls for 18 Billion Pages Per Year

Press release from the issuing company

MONTREAL--Dec. 17, 2002--Quebecor World Inc. is pleased to announce it has signed a long-term agreement to print yellow and white page directories for Yellow Pages Group Co. - formerly known as Bell ActiMedia -, Canada's largest directory publisher. Under the agreement Quebecor World will print approximately 18 billion directory pages per year for more than 100 different directories in Ontario and Quebec. This represents approximately 40% of all the directory pages printed in Canada. "I am delighted we have been able to extend and enhance our mutually beneficial relationship with Yellow Pages Group," said Charles G. Cavell, President and CEO of Quebecor World Inc. "They are an important customer of ours and this new agreement is a win-win for both companies." "This new agreement will allow us to continue to serve our customers by providing the most complete directories in the marketplace, " said Marc P. Tellier, President and CEO, Yellow Pages Group. "Throughout our long relationship Quebecor World has continued to improve service so we are able to provide our advertisers with the best ROI media in Canada" "Our relationship with Yellow Pages Group is a model of how two partners can work together to drive operational excellence to their mutual benefit," said David Bragen, President Quebecor World Directory Group. "We've been able to reduce production times and improve quality. Our digital pre-press satellite technology is a great benefit to a large customer like Yellow Pages Group, that operates on a level of excellence on a global scale. We look forward to continuing this ever evolving relationship." Quebecor World's state-of-the-art heatset technology offers our directory customers clear crisp quality, vibrant colours for true-to-life reproductions producing a market leading, premier product. The directories will be produced at Quebecor World's facilities in Bromont, Quebec, Richmond Hill and Toronto, Ontario.

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