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David S. Boles Appointed COO Of Quebecor World North America

Press release from the issuing company

MONTREAL --March 24, 2003-- Quebecor World Inc. is pleased to announce that David S. Boles has been appointed Chief Operating Officer, Quebecor World North America. Mr. Boles will be responsible for all of Quebecor World's operations in North America and will report to Jean Neveu, President and CEO Quebecor World Inc. "I am pleased to assume this role to lead the largest business group of Quebecor World, " said Mr. Boles. "My first priorities will be to clearly explain our new operating structure to all our customers and to further build on the excellent management teams already in place in all our business groups. Together, we will continue to develop our continental platform to provide maximum value to our customers and our shareholders." Quebecor World's North American platform is the leading printer of magazines, catalogs, books, retail inserts and directories. Its full-service offering is further enhanced by complete pre-media and logistics services. Quebecor World North America has approximately 30,000 employees in more than 125 facilities and had 2002 revenues of approximately $5 billion. Mr. Boles has 20 years of experience in the printing industry and was previously Co-Chief Operating Officer, Quebecor World North America. Previous to that appointment he was President of Quebecor World's North America Retail Insert and Sunday magazine Group. "I am very pleased that David has agreed to take on these new responsibilities," said Jean Neveu, President and CEO Quebecor World Inc. "During his years at Quebecor World David has developed excellent relationships with many of our leading customers. This combined with his operational expertise makes him an excellent choice to lead our North American business going forward." Quebecor World North America's other Co-Chief Operating Officer, John R. Paloian has left the Company. Mr. Neveu accepted his resignation and wished him well in his future endeavours.