Quebecor World (USA) Inc. Offers to Purchase Outstanding Senior Notes of Quebecor World Capital Corporation

Montréal, Quebec, Canada, 30 November 2006 –- Quebecor World (USA) Inc., a wholly-owned subsidiary of Quebecor World Inc. (NYSE:IQW, TSX:IQW), today announced that it has commenced cash tender offers to purchase (i) any and all of Quebecor World Capital Corporation's (Quebecor World Capital) outstanding USD 91 million in aggregate principal amount of 8.54% Senior Notes, Series C, due 15 September 2015 (the Series C Notes) and Quebecor World Capital's USD 30 million in aggregate principal amount of 8.69% Senior Notes, Series D, due 15 September 15 2020 (the Series D Notes).

The company has also commenced cash tender offers to purchase an aggregate principal amount of Quebecor World Capital's outstanding 8.42% Senior Notes, Series A, due 15 July 2010, (the Series A Notes) and 8.52% Senior Notes, Series B, due 15 July 2012, (the Series B Notes) equal to the balance of USD 125,000,000, less the total aggregate principal amount of Series C Notes and Series D Notes accepted for purchase.

The Series C Notes, the Series D Notes, the Series A Notes and the Series B Notes are referred to collectively as the "Notes." Quebecor World (USA) will accept for purchase Series A Notes and Series B Notes under the tender offer on a pro rata basis after having first accepted for payment all Series C Notes and Series D Notes validly tendered pursuant to the tender offer.

The tender offers are being made upon and are subject to the terms and conditions set forth in the Offer to Purchase dated 30 November 2006, (the Offer to Purchase) and the related Letter of Transmittal. The total consideration to be paid for each validly tendered and accepted Series C Note and Series D Note will be a fixed price of USD 1000 per USD 1000 principal amount. The total consideration to be paid for each validly tendered and accepted Series A Note and Series B Note will be a fixed price of USD 1000 per USD 1000 principal amount. In addition, holders of the Notes will receive accrued and unpaid interest up to, but not including, the settlement date, in respect of Notes accepted for purchase.

The total consideration, which will be paid for Notes validly tendered prior to or at 5:00 p.m., Eastern time, on 13 December 2006, includes an early tender premium in the amount of USD 20 per USD 1000 principal amount of Notes. Notes validly tendered after 5:00 p.m., Eastern time, on 13 December 2006, and prior to 11:59 p.m., Eastern time, on 28 December 2006, will not be eligible to receive the early tender premium.

Tendered Notes may be withdrawn until 5:00 p.m., Eastern time, on 13 December 2006, but not thereafter, except in the limited circumstances set forth in the Offer to Purchase.

The tender offers will expire at 11:59 p.m., Eastern time, on 28 December 2006, unless extended or earlier terminated as described in the Offer to Purchase. The settlement date is expected to be the business day immediately following the expiration date of the offers, which, assuming that the offers are not extended, will be 29 December 2006, or as soon as possible thereafter.

The tender offer documents are being distributed to holders beginning today. The Dealer Manager for the offers is Citigroup Global Markets Inc. Questions regarding the tender offers may be directed to Citigroup Global Markets at (800) 558-3745 (toll free) or at (212) 723-6106 (collect). Global Bondholder Services Corporation is the Information Agent and the Depositary for the tender offers. Requests for documents and questions regarding procedures for tendering Notes should be directed to Global Bondholder Services Corporation at (866) 470-4300 (toll free) or at (212) 430-3774 (collect).

Quebecor World

Quebecor World (USA) Inc. and Quebecor World Capital Corporation are direct and indirect wholly-owned subsidiaries of Quebecor World Inc. Quebecor World Inc. (NYSE:IQW, TSX:IQW) is a world leader in providing high-value, complete print solutions to leading publishers, retailers, catalogers, and other businesses with marketing and advertising activities. It is a market leader in most of its major product categories, which include magazines, inserts and circulars, books, catalogs, direct mail, directories, digital pre-media, logistics, mail list technologies, and other value added services. Quebecor World has approximately 29,000 employees working in more than 120 printing and related facilities in the United States, Canada, Argentina, Austria, Belgium, Brazil, Chile, Colombia, Finland, France, India, Mexico, Peru, Spain, Sweden, Switzerland, and the United Kingdom.

Web address: www.quebecorworld.com