Annual Information Form Financial Year Ended December 31, 2019 March

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Annual Information Form Financial Year Ended December 31, 2019 March ANNUAL INFORMATION FORM FINANCIAL YEAR ENDED DECEMBER 31, 2019 MARCH 27, 2020 TABLE OF CONTENTS Page ITEM 1 — THE CORPORATION ................................................................................................................. 2 1.1 THE SUBSIDIARIES ............................................................................................................. 3 ITEM 2 — THE BUSINESS ......................................................................................................................... 5 2.1 TELECOMMUNICATIONS .................................................................................................... 5 Business Overview .................................................................................................... 5 Products and Services ............................................................................................... 6 Customer Statistics Summary ................................................................................. 10 Pricing of Products and Services ............................................................................. 10 Network Technology ................................................................................................ 11 Marketing and Customer Care ................................................................................. 13 Programming ........................................................................................................... 15 Competition .............................................................................................................. 15 Retail Sector ............................................................................................................ 17 2.2 MEDIA ................................................................................................................................. 17 Broadcasting ............................................................................................................ 17 Film Production and Audiovisual Services ............................................................... 18 Magazine Publishing ................................................................................................ 18 Production and Distribution ...................................................................................... 18 Newspaper Publishing ............................................................................................. 18 Other Operations ..................................................................................................... 21 2.3 SPORTS AND ENTERTAINMENT ...................................................................................... 21 Videotron Centre ...................................................................................................... 22 QMJHL Hockey Teams ............................................................................................ 22 Event Production and Management and live-event production ............................... 22 Book Distribution and Publishing ............................................................................. 22 Music ........................................................................................................................ 23 Competition .............................................................................................................. 23 2.4 INTELLECTUAL PROPERTY ............................................................................................. 24 2.5 INSURANCE ....................................................................................................................... 24 2.6 EMPLOYEES ....................................................................................................................... 24 2.7 ENVIRONMENT ................................................................................................................. 26 ITEM 3 — HIGHLIGHTS ............................................................................................................................ 27 3.1 RECENT DEVELOPMENTS .............................................................................................. 27 3.2 HIGHLIGHTS FOR 2019 ..................................................................................................... 28 Quebecor ................................................................................................................. 28 Quebecor Media ...................................................................................................... 28 Telecommunications ................................................................................................ 28 Media ....................................................................................................................... 29 Sports and Entertainment ........................................................................................ 29 3.3 HIGHLIGHTS FOR 2018 ..................................................................................................... 29 Quebecor ................................................................................................................. 29 Quebecor Media ...................................................................................................... 30 Telecommunications ................................................................................................ 30 Media ....................................................................................................................... 30 Sports and Entertainment ........................................................................................ 31 3.4 HIGHLIGHTS FOR 2017 ..................................................................................................... 31 Quebecor ................................................................................................................. 31 Quebecor Media ...................................................................................................... 31 Telecommunications ................................................................................................ 31 ii Media ....................................................................................................................... 32 Sports and entertainment......................................................................................... 32 ITEM 4 — DIRECTORS AND OFFICERS ................................................................................................. 33 4.1 DIRECTORS ....................................................................................................................... 33 4.2 EXECUTIVE OFFICERS ..................................................................................................... 35 4.3 CEASE TRADE ORDERS, BANKRUPTCIES, PENALTIES OR SANCTIONS .................. 36 ITEM 5 — AUDIT COMMITTEE ................................................................................................................ 36 5.1 MANDATE OF THE AUDIT COMMITTEE .......................................................................... 36 5.2 COMPOSITION OF THE AUDIT COMMITTEE .................................................................. 37 5.3 RELEVANT EDUCATION AND EXPERIENCE .................................................................. 37 5.4 RELIANCE ON CERTAIN EXEMPTIONS ........................................................................... 38 5.5 PRE-APPROVAL POLICY .................................................................................................. 38 5.6 EXTERNAL AUDITOR SERVICE FEES ............................................................................. 39 ITEM 6 — LEGAL PROCEEDINGS .......................................................................................................... 39 ITEM 7 — RISK FACTORS ....................................................................................................................... 40 ITEM 8 — DESCRIPTION OF CAPITAL STRUCTURE ........................................................................... 40 8.1 CAPITAL STRUCTURE....................................................................................................... 40 8.2 AUTHORIZED SHARE CAPITAL ........................................................................................ 41 8.3 ISSUED AND OUTSTANDING SHARE CAPITAL .............................................................. 42 8.4 DIVIDENDS ......................................................................................................................... 42 8.5 MARKET FOR SECURITIES .............................................................................................. 42 ITEM 9 — INTEREST OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS ................ 43 ITEM 10 — MATERIAL CONTRACTS ...................................................................................................... 43 10.1 MATERIAL CONTRACTS OF QUEBECOR ....................................................................... 43 10.2 MATERIAL CONTRACTS OF QUEBECOR MEDIA ........................................................... 45 10.3 MATERIAL CONTRACTS OF VIDEOTRON ....................................................................... 47 ITEM 11 — INTERESTS OF EXPERTS .................................................................................................... 50 ITEM 12 — TRANSFER AGENT AND REGISTRAR ............................................................................... 50 ITEM 13 — FORWARD-LOOKING STATEMENTS ................................................................................
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