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Quebecor World Denies Union Charges

Press release from the issuing company

MONTREAL--April 20, 2004-- Quebecor World forcefully denies allegations of unfair labor practices that are contained in a union sponsored press release. This is yet another example of the union leaderships' campaign to disparage and harass the Company and its workforce with false and misleading allegations. 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. At the present time the National Labor Relations Board has not notified the Company of any newly filed unfair labor practice charges. However the Company categorically denies the specific allegations in the union's press release. If any unfair labor practice charges have, in fact, been filed Quebecor World will cooperate fully with the NLRB and demonstrate yet again that Quebecor World complies with the requirements of the law. The filing of such unfair labor practices is a well-established pressure tactic being used in the furtherance of the union's corporate campaign goals. As noted before, the union is demanding the Company give up its rights under the law in instances of union organizing attempts and that the Company take away its 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.