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Transcontinental Annual Report Garners International Recognition

Press release from the issuing company

MONTREAL--July 8, 2004-- Transcontinental's 2003 annual report was ranked 5th out of a total of 1223 participants from 12 countries in the prestigious 2003 Vision Awards Annual Report Competition organized by the League of American Communications Professionals. The aim of the competition is to encourage excellence in annual report content and graphic presentation around the world. Transcontinental was also ranked first in the Media and Communications category out of a field of 33 competitors. Titled We are different, the annual report received a perfect score on all 10 criteria, earning it the "Platinum Award." Plus, the Letter to Shareholders was rated the best among the 1223 annual reports submitted to the jury. "This international recognition is further confirmation of our commitment to becoming a world-class company," said Luc Desjardins, president and CEO of Transcontinental Inc. "As a printer and publisher, our annual report is an exemplary calling card in our dealings with our business partners and investors. Every year we try to make it innovative, accessible and complete. "I'd also like to mention the role played by Transcontinental Litho Acme and its master printers in Montreal," continued Mr. Desjardins. "Not only are they one of Canada's leading annual report printers, successfully overcoming the printing challenges set for them year after year, but they also act as advisors throughout the process, from initial concept to final printing." To see Transcontinental's 2003 annual report, visit the Corporation's website at http://www.transcontinental.com, or the League of American Communications Professionals site at http://www.lacp.com/2003vision/competition.htm .