Transcontinental Reports Improved Profitability in Fourth Quarter

Dividend

At its December 15, 2009 meeting, the Corporation’s Board of Directors declared the quarterly dividend of $0.08 per participating share on Class A Subordinate Voting Shares and Class B shares. These dividends are payable on January 28, 2010 to participating shareholders of record at the close of business on January 8, 2010. On an annual basis, this represents a dividend of $0.32 per common share.