IQW Quebecor World

Montréal, Canada  –  Quebecor World Inc. (NYSE: IQW, TSX: IQW) today announced that it has agreed to new terms in its syndicated bank credit facility. The amendment includes modification of the terms to provide financial flexibility through to maturity of the agreement in January, 2009. As part of the new agreement the Company has agreed to a $750 million facility, of which a portion will be secured by a lien on assets. The amendment also includes a commitment to reduce the facility to $500 million by July 1, 2008 and provides certain restrictions on the use of proceeds and terms of repayment.

In addition, Quebecor World Inc. announced today that Quebecor World Capital Corporation, a wholly owned subsidiary of Quebecor World Inc., will call for redemption on October 29, 2007 (the "Redemption Date") all of its outstanding 8.42% Senior Notes, Series A, due July 15, 2010, 8.52% Senior Notes, Series B, due July 15, 2012, 8.54% Senior Notes, Series C, due September 15, 2015 and 8.69% Senior Notes, Series D, due September 15, 2020 (the "Notes") for a redemption price of 100% of the outstanding principal amount of the Notes, plus the accrued and unpaid interest on the Notes to the Redemption Date plus the applicable Make-Whole Amount (as such term is defined in the Note Purchase Agreements relating to the Notes) determined for the Redemption Date with respect to the outstanding principal amount of the Notes. The estimated aggregate redemption price of the Notes is approximately $370 million. Quebecor World Capital Corporation is giving written notice of the redemption to all Noteholders in whose name the Notes are registered.

Quebecor World believes the modified credit facility, combined with other financing initiatives currently underway, should provide the Company with the required liquidity to execute its business plan.

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Forward looking statements

This press release may include "forward-looking statements" that involve risks and uncertainties. All statements other than statements of historical facts included in this press release, including statements regarding the prospects of the industry and prospects, plans, financial position and business strategy of Quebecor World Inc. (the "Company"), may constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities legislation and regulations. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "plan," "foresee," "believe" or continue" or the negatives of these terms or variations of them or similar terminology. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. Forward-looking statements do not take into account the effect that transactions or non-recurring or other special items announced or occurring after the statements are made have on the Company's business. For example, they do not include the effect of dispositions, acquisitions, other business transactions, asset writedowns or other charges announced or occurring after forward-looking statements are made.

The forward-looking statements in this press release reflect the Company's expectations as of September 28, 2007 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 the applicable securities laws.

About Quebecor World

Quebecor World Inc. (NYSE:IQW, TSX:IQW) 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

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technologies and other value-added services. Quebecor World has approximately 27,500 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

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.