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Quebecor and The Economist Clarify Media Reports

Press release from the issuing company

Montréal, Canada March 20, 2008 - Quebecor World Inc. and The Economist Newspaper N.A., publisher of The Economist magazine would like to clarify media reports with respect to The Economist's decision to exercise its contractual rights with Quebecor World by notifying Quebecor World that it intends for the Print Agreement to terminate at the expiration of the initial term in September 2008. This notice does not mean that Quebecor World will cease to be an important supplier to The Economist.

The printing agreement continues in force until the end of September 2008 and the two parties will be discussing mutually agreeable terms and conditions to enable this partnership to continue in the future.

"We understand and respect the decision taken by The Economist and we will continue to provide them with the top quality product and service they expect from Quebecor World. We will also work with them in the coming months to prolong and extend our mutually beneficial partnership," said Doron Grosman, President Quebecor World Magazine Group.

"Quebecor World continues to be a trusted and valuable supplier of ours. They have been a large part of our success and growth in the U.S. market and we look forward to discussing how we can continue our relationship," said Mark Suster, Vice President, Finance and Operations, The Economist.