Quebecor World -- Back on Top of Its World

o Shareholders of RSDB vote down the proposed acquisition of Quebecor World’s European assets. Wes Lucas, president and CEO of Quebecor World, resigns his post and is replaced by Jacques Mallette.

o Quebecor World receives conditional waivers from lenders through March that require it to secure $125 million in liquidity by January 15, 2008, and provide a refinancing transaction by month’s end.