Mr. Pierre Peladeau reports

VIDEOTRON RECEIVES INVESTMENT-GRADE RATING FROM S&P GLOBAL RATINGS

Quebecor Inc. welcomes the decision by S&P Global Ratings to upgrade Videotron's credit rating from BB-plus to BBB-minus. S&P also upgraded Videotron's unsecured debt rating from BB-plus to BBB-minus.

"I am very proud to announce this important development one year after the successful acquisition of Freedom, which established Videotron as Canada's fourth major national wireless carrier," said Pierre Karl Peladeau, president and chief executive officer of Quebecor. "This enviable credit rating is a significant achievement that speaks volumes about Videotron's superior operating performance, strict financial discipline and strong balance sheet.

"Videotron already enjoyed an excellent reputation on financial markets, with an unblemished track record in the course of raising billions of dollars in financing since its acquisition by Quebecor Media Inc. in 2001. Receiving this BBB-minus rating from S&P can only improve Videotron's access to capital markets and reduce its cost of borrowing," Mr. Peladeau added.

Videotron is currently rated BBB-minus with a stable outlook by S&P and Ba1 with a positive outlook by Moody's.

A rating is not a recommendation to buy, sell or hold investments and is subject to revision or withdrawal at any time by the relevant rating agency.

About Quebecor Inc.

Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor's subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services.

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