Transcontinental Reports Gains for Fiscal Year Despite Q4 Loss

The Corporation did not buy back any shares in the normal course of business in the fourth quarter.

Dividend
At its December 11, 2008 meeting, the Corporation’s Board of Directors declared a quarterly dividend of $0.08 per share on Class A Subordinate Voting Shares and Class B Shares. These dividends are payable on January 23, 2009 to shareholders of record at the close of business on January 5, 2009. On an annual basis, this represents a dividend of $0.32 per common share.