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Quebecor World Says U.S. Magazine Retooling Program Essentially Complete

Press release from the issuing company

Jan. 10, 2007 - Quebecor has essentially completed the retooling of its U.S. Magazine Platform with installation and start-up of a new wide-web offset press in its St. Cloud, MN facility. The U.S. Magazine Platform is poised to create the highest value for its customers and Quebecor World shareholders. Quebecor World's customer focused, state-of-the-art magazine platform is creating additional customer value by providing magazine publishers with a fully integrated print solution through its: - Complete premedia and interactive services - Complete logistics solutions including mail list technologies, co-mailing and co-palletization, shortening delivery and cycle time and reducing postal costs - A coast-to-coast platform equipped with the latest press technology in strategically located facilities The three-year U.S. magazine transformation plan includes the installation of ten new 64 and 96 page wide-web presses at seven facilities, as well as additional investments in accompanying robotics and new bindery technology. The U.S. magazine transformation plan will result in the closing of a printing facility in Lincoln, NE. Customer volume will be transferred to other strategically located plants in Quebecor World's U.S. Magazine Platform. These efforts are being coordinated with our customers through their normal sales representation. The Lincoln facility is expected to be closed during the second quarter of 2007. The closure will affect approximately 550 employee positions at the Lincoln facility.

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