Quebecor World Granted Stay Extension

MONTREAL—The Superior Court of Quebec has granted Quebecor World an extension in the stay of proceedings in its restructuring under the Companies’ Creditors Arrangement Act (CCAA) until May 12, 2008. The First Stay Extension Order relieves the printer of its obligation to hold its annual shareholder meeting prior to June 30, 2008. The order directs Quebecor World to hold its next annual shareholders’ meeting within three months of the ultimate termination date of the stay period.