MONTREAL, QUEBEC (TSX: QBR.B)and Tricap Partners, a private equity fund managed by Brookfield Asset Management, announced today that they have jointly submitted a binding proposal to Quebecor World Inc. ("QWI)" for a $400 million Rescue Financing Facility that would avert its liquidity challenges and recapitalize the company. Quebecor Inc. and Tricap Partners are equal investors in the facility.

This proposal is subject to certain conditions including the consent of QWI's banking syndicate, the sponsors of its North American securitization program and certain other stakeholders.

If the Proposal is accepted by QWI and the requisite consents are obtained, QI and Tricap will immediately make available $200 million to QWI to ensure it has sufficient liquidity to the closing date of the Rescue Financing Facility, which is expected to be March 31, 2008.

QI and Tricap believe this proposal is in the best interests of all of QWI's stakeholders given QWI's liquidity and balance sheet challenges within the current North American credit crisis.

Genuity Capital Markets is the financial adviser to Quebecor Inc.

Quebecor Inc.

Quebecor Inc. (TSX: QBR.A, QBR.B) is a communications company with operations in North America, Europe, Latin America and Asia. It has two operating subsidiaries, Quebecor World Inc. and Quebecor Media Inc. Quebecor World is one of the largest commercial print media services companies in the world. Quebecor Media owns operating companies in numerous media related businesses: Videotron Ltd., the largest cable operator in Quebec and a major Internet Service Provider and provider of telephone and business telecommunications services; Quebecor Media's Newspapers segment, the largest publisher of newspapers in Canada; TVA Group Inc., operator of the largest French language over the air television network in Quebec, a number of specialty channels, and the English language over the air station Sun TV; Canoe Inc., operator of a network of English and French language Internet properties in Canada; Nurun Inc., a major interactive technologies and communications agency with offices in Canada, the United States, Europe and Asia; companies engaged in book publishing and magazine publishing; and companies engaged in the production, distribution and retailing of cultural products, namely Archambault Group Inc., the largest chain of music stores in eastern Canada, TVA Films, and Le SuperClub Videotron ltee, a chain of video and video game rental and retail stores. Quebecor Inc. has operations in 18 countries.

Tricap Partners Ltd.

Tricap Management Ltd. was established by Brookfield Asset Management to provide a source of patient, long-term capital and strategic assistance to companies experiencing financial or operational difficulty and has invested and provided significant financing commitments since its formation in 2001. With strong industry and financial management expertise, Tricap Management is well positioned to assist these companies in reaching their full potential. Brookfield Asset Management, manages approximately $90 billion in assets under management.

Contacts: Quebecor Inc. Luc Lavoie Executive Vice President, Corporate Affairs 514-380-1974 Cell: 514-947-6672 lavoie.luc@quebecor.com Brookfield Management Denis Couture - Senior Vice-President, Investor Relations and International Affairs 416-956-5189 Cell: 647-262-2955 dcouture@brookfield.com

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