ANNUAL INFORMATION FORM FINANCIAL YEAR ENDED DECEMBER 31, 2018 MARCH 29, 2019 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 ........................................................................................................... 14 Competition .............................................................................................................. 15 Retail Sector ............................................................................................................ 17 2.2 MEDIA ................................................................................................................................. 17 Broadcasting ............................................................................................................ 17 Film Production and Audiovisual Services ............................................................... 18 Magazine Publishing ................................................................................................ 18 Newspaper Publishing ............................................................................................. 18 Other Operations ..................................................................................................... 20 2.3 SPORTS AND ENTERTAINMENT ...................................................................................... 21 Videotron Centre ...................................................................................................... 21 QMJHL Hockey Teams ............................................................................................ 22 Event Production and Management and live-event production ............................... 22 Book Distribution and Publishing ............................................................................. 22 Music ........................................................................................................................ 22 Competition .............................................................................................................. 23 2.4 INTELLECTUAL PROPERTY ............................................................................................. 23 2.5 INSURANCE ........................................................................................................................ 24 2.6 EMPLOYEES ....................................................................................................................... 24 2.7 ENVIRONMENT .................................................................................................................. 26 ITEM 3 — HIGHLIGHTS ............................................................................................................................ 26 3.1 RECENT DEVELOPMENTS ............................................................................................... 27 3.2 HIGHLIGHTS FOR 2018 ..................................................................................................... 27 Quebecor ................................................................................................................. 27 Quebecor Media ...................................................................................................... 28 Telecommunications ................................................................................................ 28 Media ....................................................................................................................... 28 Sports and Entertainment ........................................................................................ 28 3.3 HIGHLIGHTS FOR 2017 ..................................................................................................... 29 Quebecor ................................................................................................................. 29 Quebecor Media ...................................................................................................... 29 Telecommunications ................................................................................................ 29 Media ....................................................................................................................... 30 Sports and entertainment ......................................................................................... 30 3.4 HIGHLIGHTS FOR 2016 ..................................................................................................... 30 Quebecor ................................................................................................................. 30 Quebecor Media ...................................................................................................... 30 Telecommunications ................................................................................................ 31 Media ....................................................................................................................... 31 ii Sports and entertainment ......................................................................................... 31 ITEM 4 — DIRECTORS AND OFFICERS ................................................................................................. 32 4.1 DIRECTORS ........................................................................................................................ 32 4.2 EXECUTIVE OFFICERS ..................................................................................................... 34 4.3 CEASE TRADE ORDERS, BANKRUPTCIES, PENALITIES OR SANCTIONS ................. 35 ITEM 5 — AUDIT COMMITTEE ................................................................................................................ 35 5.1 MANDATE OF THE AUDIT COMMITTEE .......................................................................... 35 5.2 COMPOSITION OF THE AUDIT COMMITTEE .................................................................. 36 5.3 RELEVANT EDUCATION AND EXPERIENCE .................................................................. 36 5.4 RELIANCE ON CERTAIN EXEMPTIONS ........................................................................... 37 5.5 PRE-APPROVAL POLICY .................................................................................................. 37 5.6 EXTERNAL AUDITOR SERVICE FEES ............................................................................. 38 ITEM 6 — LEGAL PROCEEDINGS .......................................................................................................... 38 ITEM 7 — RISK FACTORS ....................................................................................................................... 39 ITEM 8 — DESCRIPTION OF CAPITAL STRUCTURE ........................................................................... 39 8.1 CAPITAL STRUCTURE ...................................................................................................... 39 8.2 AUTHORIZED SHARE CAPITAL ........................................................................................ 40 8.3 ISSUED AND OUTSTANDING SHARE CAPITAL .............................................................. 40 8.4 DIVIDENDS ......................................................................................................................... 40 8.5 MARKET FOR SECURITIES .............................................................................................. 41 ITEM 9 — INTEREST OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS ................ 42 ITEM 10 — MATERIAL CONTRACTS ...................................................................................................... 42 10.1 SHAREHOLDERS’ AGREEMENT ...................................................................................... 42 10.2 OTHER MATERIAL CONTRACTS ...................................................................................... 43 Material Contracts of Quebecor ............................................................................... 43 Material Contracts of Quebecor Media .................................................................... 44 Material Contracts of Videotron ............................................................................... 46 ITEM 11 — INTERESTS OF EXPERTS .................................................................................................... 49 ITEM 12 — TRANSFER AGENT AND