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Videotron Ltd. Announces the Extension of the Exchange Offer for Its 5% Senior Notes Due July 15, 2022

(July 05, 2012)

MONTREAL, QUEBEC -- (Marketwire) -- 07/05/12 -- Videotron Ltd. ("Videotron") today announced that it has extended the expiration date of its offer to exchange (the "Exchange Offer") all outstanding 5% Senior Notes due July 15, 2022 (the "Initial Notes") for an equal principal amount of notes (the "Exchange Notes") which have been registered under the Securities Act of 1933, as amended, to 5:00 p.m., New York city time, on July 16, 2012. The Exchange Offer was originally scheduled to expire at 5:00 p.m., New York City time, on July 3, 2012 (the "Original Expiration Date").

Videotron was advised by the Exchange Agent for the Exchange Offer that, as of 5:00 p.m., New York city time, on July 3, 2012, the Company had received valid tenders or notices of guaranteed delivery pursuant to the Exchange Offer representing US$799,400,000 principal amount of the Initial Notes (constituting approximately 99.9 percent of the of the aggregate principal amount of the Initial Notes).

Except as set forth herein, the terms and conditions of the Exchange Offer remain unchanged. The complete terms and provisions of the Exchange Offer are contained in Videotron's exchange offer prospectus dated June 4, 2012 and accompanying materials. Questions and requests for assistance, and requests for additional copies of the exchange offer prospectus and related transmittal materials governing the Exchange Offer, should be directed to Wells Fargo Bank, National Association, the Exchange Agent for the Exchange Offer, at 1-800-344-5128.

This press release is not an offer to purchase, a solicitation of an offer to purchase, or a solicitation of an offer to sell any Exchange Note. The Exchange Offer may only be made pursuant to the terms of the prospectus and the accompanying materials (as both may be amended).

About Videotron

Videotron (, a wholly owned subsidiary of Quebecor Media Inc., is an integrated communications company engaged in cable television, interactive multimedia development, and Internet access, cable telephone and mobile telephone services. Videotron is a leader in new technologies with its interactive Digital TV service and its broadband network, which supports high-speed cable Internet access, analog and digital cable television, and other services. As of March 31, 2012, Videotron was serving 1,854,000 cable television customers, including 1,417,500 subscribers to its digital service. Videotron is also the Quebec leader in high-speed Internet access, with 1,340,500 subscribers to its cable service as of March 31, 2012. As of the same date, Videotron had 312,800 subscriber connections to its mobile telephone service and was providing cable telephone service to 1,212,500 Quebec households and organizations. For the seventh consecutive year, Videotron was named Quebec's most respected telecommunications company by Les Affaires magazine, based on a Leger Marketing survey.

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of United States federal securities legislation (collectively, "forward-looking statements"). All statements other than statements of historical facts included in this press release, including statements regarding our industry and our prospects, plans, financial position and business strategy, may constitute forward-looking statements. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industries in which we operate as well as beliefs and assumptions made by our management. Such statements include, in particular, statements about our plans, prospects, financial position and business strategies. Words such as "may," "will," "expect," "continue," "intend," "estimate," "anticipate," "plan," "foresee," "believe" or "seek" or the negatives of these terms or variations of them or similar terminology are intended to identify such forward-looking statements.

Although we believe that the expectations reflected in these forward-looking statements are reasonable, these statements, by their nature, involve risks and uncertainties and are not guarantees of future performance. Such statements are also subject to assumptions concerning, among other things: our anticipated business strategies; anticipated trends in our business; and our ability to continue to control costs. We can give no assurance that these estimates and expectations will prove to have been correct. Actual outcomes and results may, and often do, differ from what is expressed, implied or projected in such forward-looking statements, and such differences may be material. Some important factors that could cause actual results to differ materially from those expressed in these forward-looking statements include, but are not limited to: general economic, financial or market conditions; the intensity of competitive activity in the industries in which we operate, including competition from alternative means of programs and content transmission; new technologies that would change consumer behaviour toward our product suite; unanticipated higher capital spending required or to address continued development of competitive alternative technologies or the inability to obtain additional capital to continue the development of our business; our ability to implement successfully our business and operating strategies and manage our growth and expansion; disruptions to the network through which we provide our digital television, Internet access and telephony services, and our ability to protect such services from piracy; labour disputes or strikes; changes in our ability to obtain services and equipment critical to our operations; changes in laws and regulations, or in their interpretations, which could result, among other things, in the loss (or reduction in value) of our licenses or markets or in an increase in competition, compliance costs or capital expenditures; our substantial indebtedness, the tightening of credit markets, and the restrictions on our business imposed by the terms of our debt; and interest rate fluctuations that affect a portion of our interest payment requirements on long-term debt. We caution you that the above list of cautionary statements is not exhaustive. These and other factors could cause actual results to differ materially from our expectations expressed in the forward-looking statements included in this press release, and you are encouraged to read "Item 3. Key Information - Risk Factors" as well as statements located elsewhere in Videotron's annual report on Form 20-F for the year ended December 31, 2011 for further details and descriptions of these and other factors. Each of these forward-looking statements speaks only as of the date of this press release. We will not update these statements unless applicable securities laws require us to do so.

Jean-Francois Pruneau
Vice President
514 380-4144

For media only:
Elodie Girardin-Lajoie
Specialist, Corporate Communications
514 380-7772

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