News Column

Quebecor Inc. Reports Fourth Quarter and Full-Year 2012 Consolidated Results

Page 10 of 14

                                                          Three months ended                                                           December 31, 2011--------------------------------------------------------------------------------------------------------------------------------------------------------                                                                     Leisure                                                                         and                              Telecommu-        News      Broad-      Enter-                               nications       Media     casting    tainment----------------------------------------------------------------------------Revenues                   $       634.8 $     275.6 $     131.6 $     106.2Employee costs                      87.1        93.9        39.1        15.9Purchase of goods and services                          253.0       134.7        71.9        82.7----------------------------------------------------------------------------Operating income(1)                294.7        47.0        20.6         7.6AmortizationFinancial expensesGain on valuation and translation of financial instrumentsRestructuring of operations, impairment of assets and other special items----------------------------------------------------------------------------Income before income taxes--------------------------------------------------------------------------------------------------------------------------------------------------------Additions to property, plant and equipment       $       193.5 $       2.4 $       8.0 $       2.3Additions to intangible assets                             23.8         2.7         2.4         0.2--------------------------------------------------------------------------------------------------------------------------------------------------------                                                  Three months ended                                                   December 31, 2011------------------------------------------------------------------------------------------------------------------------------------------                             Interactive                                 Techno-           Head                              logies and         office                                Communi-     and Inter-                                 cations       segments        Total---------------------------------------------------------------------Revenues                   $        36.0 $        (36.3) $   1,147.9Employee costs                      23.4           14.3        273.7Purchase of goods and services                           10.1          (47.4)       505.0---------------------------------------------------------------------Operating income(1)                  2.5           (3.2)       369.2Amortization                                                   138.2Financial expenses                                              77.7Gain on valuation and translation of financial instruments                                                   (82.5)Restructuring of operations, impairment of assets and other special items                                                          11.2---------------------------------------------------------------------Income before income taxes                               $     224.6------------------------------------------------------------------------------------------------------------------------------------------Additions to property, plant and equipment       $         0.6 $          0.1  $     206.9Additions to intangible assets                                -              -         29.1------------------------------------------------------------------------------------------------------------------------------------------

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