Transcontinental Reports Improved Profitability in Fourth Quarter

• a $50 million term loan (five years) from the Société générale de financement du Québec;

• a six-year financing agreement for 55.6 million euros ($88.4 million) with major European bank HypoVereinsbank, to acquire production equipment over the next two years;

• and lastly, placement of cumulative rate reset first preferred shares for gross proceeds of $100.0 million.