Quebecor Inc. and Tricap Partners Ltd. Announce $400 Million Rescue Financing Proposal to Quebecor World Inc.

Quebecor Inc. (TSX:QBR.A)(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.

Quebecor (TSX:QBR.A)
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