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Quebecor World Files Plan of Reorganization
Montreal, Quebec, Canada, 20 April 2009 -- Consistent with the agreement in principle with its major creditor constituencies announced earlier this month, Quebecor World Inc. has filed a proposed Plan of Reorganization and Disclosure Statement for its subsidiaries currently subject to reorganization proceedings in the United States. The hearing on the approval of the Disclosure Statement, which will form the basis on which creditors will vote on the Plan of Reorganization, is currently scheduled to be held before the U.S. Bankruptcy Court on 15 May 2009.

Further details regarding the Plan of Reorganization and the recoveries that will be available to creditors will be filed approximately 10 days in advance of that hearing. The plan does not anticipate any recovery for the holders of the company's existing Multiple Voting Shares, Redeemable First Preferred Shares, and Subordinate Voting Shares.

In furtherance of its reorganization efforts, Quebecor World intends to file, in the first week of May, a complementary Plan of Reorganization and Compromise in the Companies' Creditors Arrangement Act (CCAA) proceeding currently pending in Canada, which, together with the Plan of Reorganization filed in the United States, will implement the recapitalization and deleveraging of the company contemplated in the agreement reached with the company’s major creditor constituencies. Although there can be no assurance as to the ultimate confirmation of the Plan of Reorganization, this plan formulation and confirmation process is anticipated to allow the company to emerge from creditor protection with a strong balance sheet by mid-July.

The U.S. Plan of Reorganization and Disclosure Statement will be available on the Web site of the U.S. claims agent, Donlin, Recano & Company, Inc. The site is 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, as well as complete, full-service print solutions for publishers. 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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