Despite Difficult Economy, Transcontinental Improves Profitability

MONTREAL—September 10, 2009—Before unusual items and despite the difficult economic situation, Transcontinental’s profitability in the third quarter increased due to its rationalization program and the daily efforts by employees across the organization to improve efficiency and reduce costs. Furthermore, the full impact of the new contracts announced previously, including contracts to print the Rogers Communications’ magazines and direct marketing products, the startup of printing of the San Francisco Chronicle daily paper, the customers gained in flyer and newspaper printing, the excellent performance in educational book publishing, and the success of its integrated service offering which combines new digital platforms with print, partially offset the decrease in revenues stemming from the recession.