Transcontinental Reports Organic Growth in All Three Market Sectors

• In the past few months, Transcontinental improved its financial flexibility and optimized its debt portfolio. On Dec. 21, 2010, Standard & Poor’s raised Transcontinental’s credit rating from BBB- (stable) to BBB (stable) reflecting the continued improvement in Transcontinental's financial position and prospects. In addition, after the end of the quarter, Transcontinental prepaid and cancelled its $100 million term credit facility with Caisse de dépôt et placement du Québec. To increase its financial flexibility, Transcontinental also set up a new two-year $200 million securitization program with a Canadian bank, however it does not believe it will use this program in the near term.