Quebecor World Increases Volume in New Multi-Year Printing Agreement With Local Insight Media

MONTREAL, QUEBEC, Jul 31 (MARKET WIRE) --
Quebecor World Inc. (TSX: IQW) announced that it has signed a multi-year
printing agreement with Local Insight Media Holdings, Inc., expanding its
volume of printing for the company. Under this long-term agreement,
Quebecor World will print more than 450 directories for Local Insight
Media, whose operating subsidiaries and affiliates provide
lead-generating Yellow Pages directory and local search solutions for
370,000 businesses in 42 states and the Caribbean.

Quebecor World currently prints more than 350 directories for Local
Insight Media's operating subsidiaries and affiliates. Under the new
agreement, Quebecor World will progressively increase the volume of
directories it produces for Local Insight Media. It will continue to
supply the company from its network of printing facilities in the United
States, Canada and Mexico.

"We are pleased to expand the scope of our printing relationship with
Quebecor World," said Scott Pomeroy, President and CEO of Local Insight
Media. "In addition to meeting our growing need for high-quality printed
directories across a geographically diverse footprint, this agreement
will enable us to realize significant operational efficiencies and
enhance our competitiveness."

"Local Insight Media is an innovative directory publisher with a broad
geographic footprint that demands multi-plant manufacturing and places a
high premium on cycle time," said Jacques Mallette, President and CEO
Quebecor World Inc. "At Quebecor World, we are pleased to commit to
meeting Local Insight Media's needs and supporting their growth in all
their markets for many years to come."

Kevin J. Clarke, President of the Quebecor World Publishing Services
Group commented, "Local Insight Media and Quebecor World share a history
of success, beginning with our relationship with their CBD Media
directories business. We are delighted that they have chosen to
significantly grow their business with us. We are committed to continuing
to deliver superior products and service to Local Insight Media in the
years ahead."

Forward looking statements

This press release may include "forward-looking statements" that involve
risks and uncertainties. All statements other than statements of
historical facts included in this press release, including statements
regarding the prospects of the industry and prospects, plans, financial
position and business strategy of Quebecor World Inc. (the "Company"),
may constitute forward-looking statements within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995 and Canadian securities
legislation and regulations. Forward-looking statements generally can be
identified by the use of forward-looking terminology such as "may,"
"will," "expect," "intend," "estimate," "anticipate," "plan," "foresee,"
"believe" or "continue" or the negatives of these terms or variations of
them or similar terminology. Although the Company believes that the
expectations reflected in these forward-looking statements are
reasonable, it can give no assurance that these expectations will prove
to have been correct. Forward-looking statements do not take into account
the effect that transactions or non-recurring or other special items
announced or occurring after the statements are made have on the
Company's business. For example, they do not include the effect of
dispositions, acquisitions, other business transactions, asset writedowns
or other charges announced or occurring after forward-looking statements
are made.

Investors and others are cautioned that undue reliance should not be
placed on any forward-looking statements. For more information on the
risks, uncertainties and assumptions that could cause the Company's
actual results to differ from current expectations, please refer to the
Company's public filings available at www.sedar.com, www.sec.gov and
www.quebecorworld.com. In particular, further details and descriptions of
these and other factors are disclosed in the "Risk Factors" section of
the Company's Management's Discussion and Analysis for the year ended
December 31, 2007.

The forward-looking statements in this press release reflect the
Company's expectations as of July 31, 2008 and are subject to change
after this date. The Company expressly disclaims any obligation or
intention to update or revise any forward-looking statements, whether as
a result of new information, future events or otherwise, unless required
by the applicable securities laws.

Quebecor World Inc. is currently subject to Court protection under the
Companies' Creditors Arrangement Act (Canada), and various U.S.
subsidiaries have filed petitions under Chapter 11 of the U.S. Bankruptcy
Code.

About Local Insight Media Holdings, Inc.

Local Insight Media Holdings, Inc. provides lead-generating directory and
local search solutions for 370,000 businesses in the U.S. and the
Caribbean. Through its operating subsidiaries and affiliated companies,
Local Insight Media owns and operates seven yellow pages and local search
companies, including The Berry Company LLC, which it acquired in April
2008. Now the fifth largest directory publisher in the United States,
Local Insight Media provides print and online directories in 42 states,
Puerto Rico and the Dominican Republic, generating more than $700 million
in pro forma annual revenue. It is also the largest provider of
outsourced directory services to incumbent telephone companies in the
United States. For more information, please see www.localinsightmedia.com.

Local Insight Media is a portfolio company of Welsh, Carson, Anderson &
Stowe ("WCAS"), which is one of the largest and most successful private
equity investment firms in the United States. Since its founding in 1979,
WCAS has organized 14 limited partnerships with total capital of over $16
billion.

About Quebecor World

Quebecor World Inc. (TSX: IQW) is a world leader in providing high-value,
complete marketing and advertising solutions to leading retailers,
catalogers, branded-goods companies and other businesses with marketing
and advertising activities, as well as complete, full-service print
solutions for publishers. The Company is a market leader in most of its
major product categories, which include advertising inserts and
circulars, catalogs, direct mail products, magazines, books, directories,
digital premedia, logistics, mail list technologies and other value-added
services. Quebecor World has approximately 24,000 employees working in
more than 100 printing and related facilities in the United States,
Canada, Argentina, Brazil, Chile, Colombia, India, Mexico, and Peru.

Web address: www.quebecorworld.com

Contacts:
Quebecor World Inc.
Tony Ross
Vice President, Communications
514-877-5317
800-567-7070

Quebecor World Inc.
Roland Ribotti
Vice President, Investor Relations and Assistant Treasurer
514-877-5143
800-567-7070

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