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Quebecor World Restructuring Update
Montréal, Quebec, Canada, 10 March 2008 – Quebecor World Inc. (TSX: IQW) provides this update on the currently ongoing chapter 11 proceedings of Quebecor World (USA) Inc and its affiliated debtors. On 07 March 2008, Judge James Peck extended by 30 days the date by which the final order approving the debtors $1 billion debtor-in-possession financing, previously authorized by the Court, must be entered in order to allow the parties sufficient time to address certain remaining issues. During this extended period, all of the terms and conditions of the interim order previously entered by the Court approving the debtor-in-possession financing remain in effect, including the company’s right to borrow up to $750 million under the debtor-in-possession financings.

As of 07 March 2008, the company had more than $225 million of cash on hand and more than $125 million of additional borrowings available under the $750 million debtor-in-possession financings for a total of more than $350 million of availability. The company also expects to generate significant free cash flow in 2008.

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, 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 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, and Switzerland.

Web address: www.quebecorworld.com


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