TVA Group Inc.

TVA Group Inc.

March 18, 2015 17:00 ET

TVA Group Successfully Completes Rights Offering

MONTRÉAL, QUÉBEC--(Marketwired - March 18, 2015) - TVA Group Inc. (TVA or the Corporation) (TSX:TVA.B) announced today the completion of its rights offering, which expired on March 17, 2015, as scheduled. TVA will receive gross proceeds of approximately $110 million from the rights offering. The Corporation intends to use the proceeds from the rights offering to repay all amounts outstanding (including accrued interests) under a $100 million bridge loan provided by Quebecor Media Inc. (QMI), which was drawn in full for the purpose of funding part of the purchase price for the acquisition of substantially all of the assets of Vision Globale A.R. Ltd, and to pay all offering-related fees and expenses, including the standby commitment fee of 1% of the aggregate gross proceeds of the rights offering to QMI.

TVA expects to issue 19,434,629 Class B shares, non-voting, participating, without par value (Class B Non-Voting Shares) under the rights offering, which represents the maximum number of Class B Non-Voting Shares available under the rights offering.

QMI subscribed to 10,006,451 Class B Non-Voting Shares under the basic subscription privilege and 7,293,808 Class B Non-Voting Shares under the additional subscription privilege.

TVA expects that the rights offering will close on March 20, 2015. The Corporation intends to mail the certificates for the new Class B Non-Voting Shares acquired under the rights offering to registered subscribers on or promptly after the date of the scheduled closing of the rights offering.

Forward-looking statements

This press release contains certain forward-looking statements. All statements other than statements of historical fact included in this press release may be forward-looking statements. These forward-looking statements, by their nature, necessarily involve risks and uncertainties that could cause actual results to differ materially from those contemplated by these forward-looking statements. Forward-looking statements in this press release include statements relating to the satisfaction of the conditions for the completion of the rights offering. We consider the assumptions on which these forward-looking statements are based to be reasonable, but caution the reader that these assumptions regarding future events, many of which are beyond our control, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect us. Due to such risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities legislation. All amounts are in Canadian dollars.

About TVA Group

TVA Group, a subsidiary of Quebecor Media, is an integrated communications company engaged in the creation, production and distribution of audiovisual products, and in magazine publishing. TVA Group is the largest broadcaster of French-language entertainment, information and public affairs programming and publisher of French-language magazines in North America, and one of the largest private-sector producers of French-language content in North America. Its Class B non-voting shares are listed on the Toronto Stock Exchange under the ticker symbol TVA.B.

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