Quebecor World, Creditors Agree to Terms

Quebecor World continues to work with its major creditor constituencies, and expects to be in a position to file a Plan of Reorganization, Arrangement or Compromise in Canada and a complementary Plan of Reorganization in the United States—along with associated disclosure documents—by the end of April. These documents will provide detailed information regarding the recapitalization of the company, the recoveries that will be available to creditors and the going forward business plan of the reorganized Quebecor World. This plan formulation and confirmation process is anticipated to allow for Quebecor World’s emergence from creditor protection by mid-July.