Transcontinental Ends Fiscal 2013 with a Steady Performance

Outlook
The Printing Sector generated synergies reaching approximately $40 million, as expected at the time of the acquisition of Quad/Graphics Canada, Inc., and should generate a few million dollars in additional synergies during fiscal 2014. In addition, since the start of fiscal 2013, we have signed new agreements to print newspapers, flyers, and marketing products whose contribution should be noted more significantly in fiscal 2014. We will continue to develop our offering to retailers, more specifically with respect to in-store marketing, and pursue our efforts to integrate other Canadian newspaper publishers into our efficient printing network. However, these items should be offset by an anticipated decrease in volume within our existing magazine and book printing operations.