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Quebecor World Renews and Extends $1 Billion Revolving Credit Facility

Press release from the issuing company

MONTREAL--Nov. 8, 2004-- Quebecor World Inc. announced today that it has successfully concluded the renewal and extension of its $1 billion revolving credit facility with a global syndicate of financial institutions. The multi-currency, cross-border facility matures on November 7, 2007. This agreement is in addition to the Company's previously announced renewal of its U.S. trade receivables securitization program. The $510 million program is extendable on an annual basis and has been extended through September 28, 2005. The program was amended to give Quebecor World the option to extend the term of the program for an additional year. The renewal and extension of the securitization program and the $1 billion credit facility provide the Company with additional liquidity and financial flexibility.