ANNUAL INFORMATION FORM FINANCIAL YEAR ENDED DECEMBER 31, 2015 MARCH 30, 2016 TABLE OF CONTENTS Page ITEM 1 — THE CORPORATION ................................................................................................................. 1 1.1 THE SUBSIDIARIES ............................................................................................................. 2 ITEM 2 — THE BUSINESS ......................................................................................................................... 3 2.1 TELECOMMUNICATIONS .................................................................................................... 3 2.1.1 Business Overview .................................................................................................... 3 2.1.2 Products and Services ............................................................................................... 4 2.1.3 Customer Statistics Summary ................................................................................... 8 2.1.4 Pricing of Products and Services ............................................................................... 8 2.1.5 Network Technology .................................................................................................. 9 2.1.6 Marketing and Customer Care ................................................................................. 10 2.1.7 Programming ........................................................................................................... 12 2.1.8 Competition .............................................................................................................. 12 2.1.9 Retail Sector ............................................................................................................ 14 2.2 MEDIA ................................................................................................................................. 14 2.2.1 Broadcasting ............................................................................................................ 14 2.2.2 Film Production and Audiovisual Services ............................................................... 15 2.2.3 Magazine Publishing ................................................................................................ 15 2.2.4 Book Distribution and Publishing ............................................................................. 15 2.2.5 Newspaper Publishing ............................................................................................. 16 2.2.6 Media Properties ...................................................................................................... 18 2.2.7 Commercial Printing ................................................................................................. 19 2.2.8 Other Operations ..................................................................................................... 19 2.3 SPORTS AND ENTERTAINMENT ...................................................................................... 20 2.3.1 Videotron Centre ...................................................................................................... 20 2.3.2 QMJHL Hockey Teams ............................................................................................ 20 2.3.3 National Hockey League Expansion Application ..................................................... 20 2.3.4 Event Production and Management ........................................................................ 20 2.3.5 Music shows and concerts ....................................................................................... 21 2.3.6 Competition .............................................................................................................. 21 2.4 INTELLECTUAL PROPERTY ............................................................................................. 21 2.5 INSURANCE ........................................................................................................................ 21 2.6 EMPLOYEES ....................................................................................................................... 22 2.7 ENVIRONMENT .................................................................................................................. 23 ITEM 3 — HIGHLIGHTS ............................................................................................................................ 24 3.1 RECENT DEVELOPMENTS ............................................................................................... 24 3.2 HIGHLIGHTS FOR 2015 ..................................................................................................... 24 3.2.1 Quebecor ................................................................................................................. 24 3.2.2 Quebecor Media ...................................................................................................... 24 3.2.3 Telecommunications ................................................................................................ 25 3.2.4 Media ....................................................................................................................... 26 3.2.5 Sports and Entertainment ........................................................................................ 26 3.3 HIGHLIGHTS FOR 2014 ..................................................................................................... 26 3.3.1 Quebecor ................................................................................................................. 26 3.3.2 Quebecor Media ...................................................................................................... 27 3.3.3 Telecommunications ................................................................................................ 27 3.3.4 Media ....................................................................................................................... 27 3.3.5 Sports and Entertainment ........................................................................................ 28 3.4 HIGHLIGHTS FOR 2013 ..................................................................................................... 28 3.4.1 Quebecor ................................................................................................................. 28 ii 3.4.2 Quebecor Media ...................................................................................................... 28 3.4.3 Telecommunications ................................................................................................ 28 3.4.4 Media ....................................................................................................................... 29 3.4.5 Sports and Entertainment ........................................................................................ 29 ITEM 4 — DIRECTORS AND OFFICERS ................................................................................................. 29 4.1 DIRECTORS ........................................................................................................................ 29 4.2 EXECUTIVE OFFICERS ..................................................................................................... 31 4.3 CEASE TRADE ORDERS, BANKRUPTCIES, PENALITIES OR SANCTIONS ................. 31 ITEM 5 — AUDIT COMMITTEE ................................................................................................................ 32 5.1 MANDATE OF THE AUDIT COMMITTEE .......................................................................... 32 5.2 COMPOSITION OF THE AUDIT COMMITTEE .................................................................. 32 5.3 RELEVANT EDUCATION AND EXPERIENCE .................................................................. 33 5.4 RELIANCE ON CERTAIN EXEMPTIONS ........................................................................... 33 5.5 PRE-APPROVAL POLICY .................................................................................................. 33 5.6 EXTERNAL AUDITOR SERVICE FEES ............................................................................. 34 ITEM 6 — LEGAL PROCEEDINGS .......................................................................................................... 34 ITEM 7 — RISK FACTORS ....................................................................................................................... 35 ITEM 8 — DESCRIPTION OF CAPITAL STRUCTURE ........................................................................... 35 8.1 CAPITAL STRUCTURE ...................................................................................................... 35 8.2 AUTHORIZED SHARE CAPITAL ........................................................................................ 36 8.3 ISSUED AND OUTSTANDING SHARE CAPITAL .............................................................. 36 8.4 DIVIDENDS ......................................................................................................................... 36 8.5 MARKET FOR SECURITIES .............................................................................................. 37 ITEM 9 — INTEREST OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS ................ 37 ITEM 10 — MATERIAL CONTRACTS ...................................................................................................... 38 10.1 SHAREHOLDERS’ AGREEMENT ...................................................................................... 38 10.2 OTHER MATERIAL CONTRACTS .....................................................................................