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Management Side
Technical Side
Quebecor World Places UK Facility Into Administration
Print
Montréal, Quebec, Canada, 28 January 2008 -- Quebecor World Inc. (TSX: IQW) announced today that its United Kingdom subsidiary, Quebecor World PLC, based in Corby, is being placed into administration.

Quebecor World has made significant investments in this web offset facility in recent years. These investments, combined with important employee and management contributions, were designed to turn around this business, but these efforts have been unsuccessful. The UK facility has been cash negative since the loss of an important contract three years ago.

Given the over-capacity in the UK printing industry, challenging market conditions, and reduced demand for print in the UK market, the company does not believe the situation can be improved without further investment and significant restructuring.

As a result the directors of the Quebecor World PLC, having regard to Quebecor World PLC’s current financial position, have decided that it would be in the best interests of its employees and creditors to appoint Ian Best and David Duggins of Ernst & Young LLP as joint administrators of the company, effective 28 January 2008. Following their appointment, the Administrators will consider all options with regard to the way forward, including a possible sale of the business.

The Corby facility is located in the central United Kingdom, about 70 miles north of London. It currently employs approximately 290 people and produces magazines, catalogs, and specialty print products for marketing and advertising campaigns.

This decision is not related to Quebecor World’s filing for credit protection in the United States and Canada and has no impact on its other European facilities. The company’s other European facilities continue to operate as usual, serving many of Europe leading publishers and retailers.

About Quebecor World

Quebecor World Inc. (TSX: 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. It also provides 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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