Transcontinental's U.S. Direct Mail Operations Sold to IWCO Direct

MONTREAL—February 10, 2010—Transcontinental has signed an agreement to sell its U.S. high-volume direct mail operations to IWCO Direct, headquartered in Minnesota. The sale includes substantially all of the assets of Transcontinental’s U.S. direct mail group in Warminster and Hamburg in Pennsylvania, and in Fort Worth, TX, and Downey, CA. The transaction is subject to regulatory approval and is expected to close by the end of Transcontinental’s second quarter.