Quad-Worldcolor Deal Wrapping Up

Each Worldcolor common share is to be converted into the right to receive 0.2154 shares of class A common stock of Quad/Graphics (set to begin trading next week on the New York Stock Exchange under the stock symbol QUAD). Common share holders will also receive cash consideration of approximately $.56 per share, or $48,405,658.83 in the aggregate. Worldcolor preferred shareholders who elected redemption will receive cash consideration of approximately $8.86 per share.