Quad/Graphics Announces Share Repurchase Program

SUSSEX, WI—Sept. 6, 2011—Quad/Graphics Inc. announced that its board of directors has authorized the repurchase of up to $100 million of its outstanding Class A common shares.

“Our board and senior management team are committed to increasing long-term shareholder value. Given the current stock market environment, along with our confidence in the future outlook on the company, we believe share repurchases at appropriate price levels are a prudent use of cash and represent an attractive opportunity to increase returns to our shareholders over the long term,” said Joel Quadracci, Quad/Graphics chairman, president and CEO. “Based on current market conditions and liquidity in our stock, we anticipate executing this program throughout 2011 and 2012.