Transcontinental Posts Income Declines on Revenues Increase

Operating Highlights of the Quarter

• Since January 2012, renewed and expanded six multiyear agreements valued at over $1.5 billion in revenues with major Canadian retail customers in the food, hardware, general merchandise and pharmaceutical verticals.

• Closed the transaction for the indirect acquisition of the shares of Quad/Graphics Canada, Inc. and rapidly announced the reorganization of its print operations across Canada. About half of the Quad/Graphics’ Canada, Inc. facilities have been closed so far. The integration is on track to deliver more than $40 million in synergies as expected.