Quebecor World Renews $60 Million Agreement With Bauer Publishing

Quebecor World Inc. (TSX: IQW) is pleased to announce it has signed a new multi-year agreement with Bauer Publishing. Under the agreement, which is valued at approximately $60 million, Quebecor World will print Woman's World, First for Women, In Touch Weekly, Life & Style, J-14 and Life Story. Together these six magazine titles represent more than 250 million printed copies a year.

Bauer, whose U.S. headquarters is in Englewood Cliffs, N.J., is the number one seller of magazines in the country. Bauer magazines connect with a nationwide audience of active, engaged newsstand consumers at every life stage - from tweens and teens to young women to baby boomers and beyond.

"Bauer is one of the largest and most successful magazine publishers in North America. We are pleased to continue our partnership with them. The important investment in new technology in our magazine platform will ensure that Bauer, its readers and advertisers receive a top-quality product that meets their exacting standards," said Jacques Mallette, President and CEO Quebecor World Inc.

Richard Buchert, Bauer's Senior Vice President of Production, said the renewal agreement reflects Quebecor World's excellent service and value: "Quebecor World has been a long-time and valued supplier to Bauer and we look forward to taking full advantage of its full-service publication platform, including multiple production plants from coast-to-coast."

Doron Grosman, President of Quebecor World's Magazine Division, said the Bauer agreement reflects a continuing commitment to magazine leadership by both parties: "At Quebecor World, we continue to focus on an end-to-end, full-service offering for magazine publishers. Working closely with Bauer gives us the opportunity to partner with an industry leader to continuously improve efficiencies, quality and workflows across our multi-plant, multi-service national platform."

Quebecor World's magazine division is one of the leading magazine print and related service providers in the United States. The company provides complete premedia, print, distribution and mailing services for publishers in the consumer, B2B, association, city and regional magazine markets.

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.

Investors and others are cautioned that undue reliance should not be placed on any forward-looking statements. For more information on the risks, uncertainties and assumptions that could cause the Company's actual results to differ from current expectations, please refer to the Company's public filings available at www.sedar.com , www.sec.gov and www.quebecorworld.com . In particular, further details and descriptions of these and other factors are disclosed in the "Risk Factors" section of the Company's Management's Discussion and Analysis for the year ended December 31, 2007.

The forward-looking statements in this press release reflect the Company's expectations as of May 15, 2008 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.

Quebecor World Inc. is currently subject to Court protection under the Companies' Creditors Arrangement Act (Canada), and various U.S. subsidiaries have filed petitions under Chapter 11 of the U.S. Bankruptcy Code.

About Bauer

Headquartered in Hamburg, Germany, The Bauer Publishing Group is the largest publisher in Germany with 42 magazines; the company has grown into a worldwide media empire comprising 238 magazines in 15 countries, as well as TV and radio stations. Bauer's U.S. headquarters is in Englewood Cliffs, N.J.