Transcontinental Inc.

Transcontinental Inc.

February 24, 2005 16:02 ET

Transcontinental's Board of Directors Will Recommend to the Annual Meeting of Shareholders that Two New Members be Appointed to the Board


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TRANSCONTINENTAL INC.

TSX SYMBOL: TCL.SV.A
TSX SYMBOL: TCL.MV.B

FEBRUARY 24, 2005 - 16:02 ET

Transcontinental's Board of Directors Will Recommend
to the Annual Meeting of Shareholders that Two New
Members be Appointed to the Board

MONTREAL, QUEBEC--(CCNMatthews - Feb. 24, 2005) - As will be announced
in the proxy circular that Transcontinental
Inc.(TSX:TCL.SV.A)(TSX:TCL.MV.B) shareholders will receive in the next
few days, the board of directors is recommending the appointment of two
new members to the board at the annual shareholders meeting, to be held
on March 30, 2005 in Montreal. The two are Isabelle Marcoux, vice
president, corporate development, who has been with Transcontinental
since 1997, and Pierre Marcoux, assistant publisher and editor-in-chief
of the newspaper Les Affaires, who joined the company in 2000. If they
are accepted, these nominations will bring the number of
Transcontinental Inc. board members to 13, of whom 9 are unrelated
directors.

"I am very proud to announce that following a unanimous decision by the
board of directors, based upon a recommendation from its Corporate
Governance Committee, the nominations of Isabelle and Pierre to the
board will be submitted to shareholders," said Remi Marcoux, executive
chairman of the board. "As Transcontinental's founder and principal
shareholder, it is important to me that members of my family ensure the
continuity of my vision at the board level and grow with the company in
accordance with their skills and talent. Moreover, I remain convinced
that family-run companies create greater long-term value for
shareholders. Isabelle and Pierre will also bring their knowledge of the
day-to-day operations of Transcontinental to the board."

After completing her studies in economics and law at McGill university,
Isabelle Marcoux worked for a major law firm in Montreal. She joined
Transcontinental in 1997 as a legal advisor. After managing the mergers
and acquisitions department for two years, she assumed the position of
vice president, corporate development in March 2004. In both positions
she was responsible for many major transactions. A member of the head
office management team and senior management committee, Ms. Marcoux is
also responsible for the strategic planning process. Actively involved
in her community, Isabelle Marcoux has worked on many fundraising
campaigns in the Greater Montreal area, including for the Montreal
Children's Hospital and Centraide/United Way.

Pierre Marcoux has a bachelor's degree in theology and communications
from Sherbrooke University, and a master's degree in journalism, with a
major in "Media management," from Northwestern University in Chicago.
From 1997 to 1999 he was a Washington correspondent for Bloomberg News,
following which he worked as a reporter for the Hamilton Spectator. Mr.
Marcoux joined the newspaper Les Affaires, owned by Transcontinental
Media, in 2000 and rose through the ranks as reporter, section manager,
and assistant editor before being appointed business development manager
for business publications. A member of the Transcontinental Media
management committee since 2003, he was appointed assistant publisher
and editor-in-chief of Les Affaires in January 2005.

Profile

Transcontinental Inc. is the seventh largest printer in North America
and the fourth largest print media group in Canada. Transcontinental is
Canada's leading printer in the flyer, book and newspaper niches, and a
strong second in magazines, catalogues and other commercial products.
Through its Canadian and U.S. direct marketing facilities,
Transcontinental has the geographic platform and complete service
offering needed to cover the entire North American market.
Transcontinental is also Canada's leading publisher of consumer
magazines, the country's second largest publisher of community
newspapers, and a leader in the door-to-door distribution of advertising
material. Transcontinental is a company whose values, including respect,
innovation and integrity, are central to its operation.

Transcontinental's shares are listed on the Toronto Stock Exchange under
the ticker symbols TCL.SV.A and TCL.MV.B. The company has more than
14,000 employees in Canada, the United States and Mexico, and reported
revenues of C$2.05 billion in 2004.

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