Quebecor World Completes Financing

On August 16, 2001, Quebecor World Inc. successfully completed a public offering of $175 million in 6.90 per cent cumulative redeemable first preferred shares, series 5. The company announced that the net proceeds from the offering would be used to invest in capital expenditures in the United States and to fund other general corporate purposes. The share issue was underwritten by a syndicate composed of Scotia Capital Inc., BMO Nesbitt Burns, RBC Dominion Securities Inc., National Bank Financial, CIBC World Markets Inc. and TD Securities Inc. Quebecor World Inc. is the largest commercial print media services company in the world.

Quebecor World Inc. was represented by in-house counsel Marie Hlavaty and Raynald Lecavalier, and by Renaud Coulombe, Luc Boucher and Natalie Brown (corporate/securities) and Jules Charette (tax) of Ogilvy Renault in Montreal. The underwriters were advised by André Roy, Anthony Penhale and Jason Streicher (corporate/securities) and Luc Bernier (tax) of the Montreal office of Stikeman Elliott.