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Quebecor World Restructuring Blessed by Canadian and U.S. Courts
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Montréal, Quebec, Canada, 02 July 2009 – Quebecor World Inc. and its affiliated debtors and debtors-in-possession announce that, following hearings held jointly in the Quebec Superior Court and the U.S. Bankruptcy Court for the Southern District of New York on 30 June 2009, the Quebec Superior Court and the U.S. Bankruptcy Court rendered  orders sanctioning Quebecor World’s Second Amended and Restated Plan of Reorganization and Compromise and confirming the Third Amended Joint Plan of Reorganization.

Both the Quebec Superior Court and the U.S. Bankruptcy Court ruled that Quebecor World and its affiliated U.S. debtors and debtors-in-possession had met all of the applicable statutory requirements to sanction the Canadian plan and confirm the U.S. plan. The orders of the Quebec Superior Court and the U.S. Bankruptcy Court allow for the possibility of Quebecor World and its affiliated debtors and debtors-in-possession and other represented stakeholders to appear before the courts at a joint hearing on 13 July 2009 to report on the status of any issues that remain outstanding relating to the terms of the new securities to be issued by Quebecor World under the plans.

The sanction of the Canadian plan by the Quebec Superior Court and confirmation of the U.S. plan by the U.S. Bankruptcy Court follow their respective approvals by the creditors of Quebecor World on 22 June 2009. Subject to the satisfaction of certain conditions provided for in the plans, Quebecor World therefore remains on track with its current timetable and anticipates consummation of the plans to occur in mid-July 2009.

“We are very pleased that our U.S. and Canadian plans have been approved by the U.S. Bankruptcy Court and the Quebec Superior Court. This is a major milestone in successfully restructuring our company to benefit all stakeholders,” said Jacques Mallette, president and CEO. “We look forward to exiting creditor protection in mid-July and moving forward with the implementation of our business plan as a strong competitor in the industry.”

The confirmation order entered by the U.S. Bankruptcy Court on the U.S. plan will be available on the Web site of the U.S. claims agent, Donlin, Recano & Company, Inc. The sanction order rendered by the Quebec Superior Court on the Canadian plan will be available on the Web site of Ernst & Young Inc., which acts as Monitor under the CCAA Proceedings at
www.ey.com/ca/quebecorworld. These Web sites are linked from the restructuring section of the Quebecor World Web site at www.quebecorworld.com.

Quebecor World Inc. 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, and 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 20,000 employees working in approximately 90 printing and related facilities in the United States, Canada, Argentina, Brazil, Chile, Colombia, Mexico, and Peru.



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