Quebecor World's U.S. and Canadian Plans of Reorganization Approved by U.S. Bankruptcy Court and Quebec Superior Court

MONTREAL, CANADA, Jul 02 (MARKET WIRE) --
Quebecor World Inc. and its affiliated debtors and debtors-in-possession
announce that, following hearings held jointly in the Quebec Superior
Court and the U.S. Bankruptcy Court for the Southern District of New York
on June 30, 2009, the Quebec Superior Court and the U.S. Bankruptcy Court
(together the "Courts") rendered orders sanctioning Quebecor World's
Second Amended and Restated Plan of Reorganization and Compromise (the
"Canadian Plan") and confirming the Third Amended Joint Plan of
Reorganization (the "U.S. Plan," and, together with the Canadian Plan,
the "Plans"). Both the Quebec Superior Court and the U.S. Bankruptcy
Court ruled that Quebecor World and its affiliated U.S. debtors and
debtors-in-possession had met all of the applicable statutory
requirements to sanction the Canadian Plan and confirm the U.S. Plan. The
orders of the Quebec Superior Court and the U.S. Bankruptcy Court allow
for the possibility of Quebecor World and its affiliated debtors and
debtors-in-possession as well as other represented stakeholders to appear
before the Courts at a joint hearing to be held on July 13, 2009 in order
to report on the status of any issues that remain outstanding relating to
the terms of the new securities to be issued by Quebecor World under the
Plans.

The sanction of the Canadian Plan by the Quebec Superior Court and
confirmation of the U.S. Plan by the U.S. Bankruptcy Court follow their
respective approvals by the creditors of Quebecor World on June 22, 2009.
Subject to the satisfaction of certain conditions provided for in the
Plans, Quebecor World therefore remains on track with its current
timetable and anticipates the consummation of the Plans to occur in
mid-July 2009.

"We are very pleased that our U.S. and Canadian Plans have been approved
by the U.S. Bankruptcy Court and the Quebec Superior Court. This is a
major milestone in successfully restructuring our Company to benefit all
stakeholders," said Jacques Mallette, President and CEO. "We look forward
to exiting creditor protection in mid-July and moving forward with the
implementation of our business plan as a strong competitor in the
industry."

The confirmation order entered by the U.S. Bankruptcy Court on the U.S.
Plan will be available on the website of the U.S. claims agent, Donlin,
Recano & Company, Inc. The sanction order rendered by the Quebec Superior
Court on the Canadian Plan will be available on the website of Ernst &
Young Inc., which acts as Monitor under the CCAA Proceedings at
www.ey.com/ca/quebecorworld. These websites are 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 July 2, 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

Copyright 2009, Market Wire, All rights reserved.

-0-