Quebecor World Announces Filing of Plan of Reorganization and Disclosure Statement With U.S. Bankruptcy Court

MONTREAL, CANADA, Apr 20 (MARKET WIRE) --
Quebecor World Inc. (TSX: IQW) announces filing of Plan of Reorganization
and Disclosure Statement with U.S. Bankruptcy Court.

Consistent with the agreement in principle with its major creditor
constituencies announced earlier this month, Quebecor World Inc. has
filed a proposed Plan of Reorganization and Disclosure Statement for its
subsidiaries currently subject to reorganization proceedings in the U.S.
The hearing on the approval of the Disclosure Statement, which will form
the basis on which creditors will vote on the Plan of Reorganization, is
currently scheduled to be held before the U.S. Bankruptcy Court on May
15, 2009. Further details regarding the Plan of Reorganization and the
recoveries that will be available to creditors will be filed
approximately ten days in advance of that hearing. The plan does not
anticipate any recovery for the holders of the Company's existing
Multiple Voting Shares, Redeemable First Preferred Shares and Subordinate
Voting Shares.

In furtherance of its reorganization efforts, Quebecor World intends to
file, in the first week of May a complementary Plan of Reorganization and
Compromise in the CCAA proceeding currently pending in Canada, which,
together with the Plan of Reorganization filed in the U.S., will
implement the recapitalization and deleveraging of the Company
contemplated in the agreement reached with the Company's major creditor
constituencies. Although there can be no assurance as to the ultimate
confirmation of the Plan of Reorganization, this plan formulation and
confirmation process is anticipated to allow the Company to emerge from
creditor protection with a strong balance sheet by mid-July.

The U.S. Plan of Reorganization and Disclosure Statement will be
available on the website of the U.S. claims agent, Donlin, Recano &
Company, Inc. The website is linked from the restructuring section of the
Quebecor World website at www.quebecorworld.com.

Forward looking statements

To the extent any statements made in this press release contain
information that is not historical, these statements are forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended, and are forward-looking information within the meaning of the
"safe harbor" provisions of applicable Canadian securities legislation
(collectively "forward-looking statements"). These forward-looking
statements relate to, among other things, prospects of Quebecor World
Inc.'s (the "Company") industry and its objectives, goals, strategies,
beliefs, intentions, plans, estimates, projections and outlook, and can
generally be identified by the use of words such as "may," "will,"
"expect," "intend," "estimate," "anticipate," "plan," "foresee,"
"believe" or "continue" or the negatives of these terms, variations on
them and other similar expressions. In addition, any statements that
refer to expectations, projections or other characterizations of future
events or circumstances are forward-looking statements. The Company has
based these forward-looking statements on its current expectations about
future events. Forward-looking statements do not take into account the
effect of transactions or other items announced or occurring after the
statements are made. For example, they do not include the effect of
dispositions, acquisitions, other business transactions, asset
write-downs or other charges announced or occurring after the
forward-looking statements are made.

Although the Company believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance that
these expectations will prove to have been correct, and forward-looking
statements inherently involve risks and uncertainties, and undue reliance
should not be placed on such statements. Certain material factors or
assumptions are applied in making forward-looking statements, including,
but not limited to, factors and assumptions relating to the Company's
ability to emerge from the insolvency proceedings, and actual results may
differ materially from those expressed or implied in such forward-looking
statements.

Important factors and assumptions as well as the Company's ability to
anticipate and manage the risks associated therewith that could cause
actual results to differ materially from these expectations are detailed
from time to time in the Company's filings with the U. S. Securities and
Exchange Commission ("SEC") and the securities regulatory authorities in
Canada, available at www.sec.gov and www.sedar.com (copies of which are
available on www.quebecorworld.com). The Company cautions that any such
list of important factors that could affect future results is not
exhaustive. Investors and others should carefully consider the factors
detailed from time to time in the Company's filings with the SEC and the
securities regulatory authorities in Canada and other uncertainties and
potential events when relying on its forward-looking statements to make
decisions with respect to the Company.

The Company is currently subject to court protection under the Companies'
Creditors Arrangement Act in Canada ("CCAA"), and various U.S.
subsidiaries have filed petitions under Chapter 11 of the U.S. Bankruptcy
Code ("Chapter 11"). In light of the CCAA and Chapter 11 Proceedings, the
Company's existing Multiple Voting Shares, Redeemable First Preferred
Shares and Subordinate Voting Shares are not anticipated to have any
value following the implementation of any plan of reorganization.

Unless mentioned otherwise, the forward-looking statements in this press
release reflect the Company's expectations as of April 20, 2009, being
the date at which they have been approved, 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 applicable securities laws.

About Quebecor World

Quebecor World Inc. 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 20,000 employees working in
approximately 90 printing and related facilities in the United States,
Canada, Argentina, Brazil, Chile, Colombia, 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, Corporate Finance and Treasurer
514-877-5143
800-567-7070

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