Quebecor Inc. received approval from the Toronto Stock Exchange to amend its normal course issuer bid (« NCIB ») in order to increase the maximum number of Class B Subordinate Voting Shares (the « Class B Shares ») that may be repurchased, being 6,000,000 Class B Shares, representing 3.6% of the 166 449 957 Class B Shares issued and outstanding as of July 30, 2021 (the reference date for the NCIB), to 10,000,000 Class B Shares, representing approximately 6.8% of the 147,106,275 Class B Shares public float on the reference date. No other terms of the NCIB have been amended.

Purchases under the NCIB began on August 15, 2021, will end no later than August 14, 2022, and are made through the facilities of the Toronto Stock Exchange in accordance with its requirements, or other alternative trading systems. Under its current NCIB, as of April 20, 2022, the Corporation has repurchased 5,315,951 Class B Shares, at a weighted-average price of $30.6008.