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Management Side
Quebecor World
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Montréal, Quebec, Canada, 26 November 2007 – Quebecor World Inc. (TSX: IQW, NYSE: IQW) announced today that it is suspending dividend payments on its Series 3 and Series 5 Preferred Shares.

While the company has the funds available to pay such dividends, it has been advised by counsel that as a result of recent developments, the company may be prevented from paying dividends to holders of its preferred shares because it may not satisfy the applicable capital adequacy test contained in the Canada Business Corporations Act («CBCA»).

To rectify this situation, the company intends to propose to its shareholders at its next annual shareholders meeting scheduled for May 2008 a reduction of stated capital as permitted under the CBCA to allow the company to resume paying dividends, including accrued, unpaid dividends. The company notes that the dividends on the Series 3 and Series 5 preferred shares (including dividends that were to be paid on 01 December 2007) are cumulative and holders will be entitled to receive unpaid dividends, when declared by the board of directors, at such time as the company is permitted to resume the payment of dividends.

The company also announced that one of its directors, Robert Coallier has resigned from the board of directors for personal reasons which are unrelated to the aforementioned announcement.


About Quebecor World
Quebecor World Inc. (TSX: IQW, NYSE: IQW) is a world leader in providing high-value, complete marketing and advertising solutions to leading retailers, catalogers, branded-goods companies, and other businesses with marketing and advertising activities, as well as complete, full-service print solutions for publishers. The company is a market leader in most of its major product categories, which include advertising inserts and circulars, catalogs, direct mail products, magazines, books, directories, digital premedia, logistics, mail list technologies, and other value-added services. Quebecor World has approximately 28,000 employees working in more than 115 printing and related facilities in the United States, Canada, Argentina, Austria, Belgium, Brazil, Chile, Colombia, Finland, France, India, Mexico, Peru, Spain, Sweden, Switzerland, and the United Kingdom.

Web address: www.quebecorworld.com
 

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