Transcontinental Reports Organic Growth in All Three Market Sectors

MONTREAL—March 9, 2011—Transcontinental’s revenues increased 4 percent in the first quarter of 2011, from $511.6 million to $530.1 million. This increase was primarily due to a number of new printing contracts, including the impact from the expanded relationship with The Globe and Mail, as well as an increase in volume from its Local Solutions Group, which includes its distribution and newspaper publishing operations. Excluding acquisitions, divestitures and closures, the impact of the exchange rate and the paper component variance, organic revenue growth was 3 percent, with all three sectors contributing.