MONTREAL--July 27, 2004-- The U.S. National Labor Relations Board has dismissed or indicated it will dismiss 33 allegations of unfair labor practices that have been brought against Quebecor World by the Graphic Communications International Union in its corporate campaign against Quebecor World. The union has also agreed to withdraw three other allegations it made against the Company. The sole goal of this corporate campaign, as publicly stated by union officials, is to increase membership. The filing of unfair labor practices charges against the Company is a tactic the union is using in its corporate campaign to harass and intimidate the Company, its customers and its employees. The union is attempting to force the Company to give up its rights under the law in instances of union organizing attempts and require the Company to take away its U.S. employees' legal and democratic right to vote on the issue of unionization by secret ballot. Quebecor World will not be forced into giving up its legal rights nor its employees' right to a secret ballot election to select union representation. In all of the recent allegations made by the union against Quebecor World the NLRB has so far indicated the Company is in technical violation in two minor instances. In deference to the Board the Company has voluntarily changed its policies to ensure that it is in complete compliance. In resolving these matters the Company did not admit to any violation of the law nor was there any formal finding to that effect. Quebecor World has solid relationships with the union members of its workforce and is one of the most highly unionized companies in the printing industry. Approximately one-third of our U.S. employees or more than 7,000 are union members. This compares to approximately 12% of public and private sector unionized employees in the U.S. Quebecor World has always and will continue to abide by and respect the labor laws in all the jurisdictions in which it operates. While other charges are still being investigated, Quebecor World is fully cooperating with the NLRB and expects to demonstrate it fully complies with the requirements of the law.