Correction Issued by Independent Committee of Nurun Inc.

    MONTREAL, Aug. 7 /CNW Telbec/ - The Independent Committee appointed by
the Board of Directors of Nurun Inc. to consider the proposed offer by
Quebecor Media Inc. ("QMI") for the approximately 42.2% of the common shares
of Nurun not held by QMI today issued the following correction of certain
statements made by QMI in the press release it issued today announcing its
decision not to proceed to make the offer.

    In its press release, QMI states as follows:

      "The Independent Committee of the Board of Directors of Nurun has
       indicated to Quebecor Media that the offer price proposed by Quebecor
       Media is inadequate and below the range of values for Nurun's common
       shares determined by the independent valuator retained by the
       Independent Committee, and that it believes that a majority of the
       common shares of Nurun, excluding common shares held by Quebecor
       Media, are held by persons who will not accept Quebecor Media's
       proposed offer."

    The views of the Committee with respect to these matters were conveyed to
QMI on behalf of the Committee, either in correspondence from the Chair of the
Committee to a senior officer of QMI or at a meeting held on Friday, August 3
between the Chair and another member of the Committee and senior executives of
    The Committee disputes the accuracy of the foregoing statement and offers
the following accurate and fair description of the position conveyed on behalf
of the Committee in the correspondence and at the meeting:

    1. It would be "very difficult" for the Committee to recommend acceptance
       of an offer at a price below the bottom of the range of fair value for
       the common shares of Nurun determined by the Committee's financial
       advisor and, based on the current state of the financial adviser's
       work, it appeared that $4.55 would be below the bottom end of such

    2. Accordingly, QMI was encouraged to raise its price to a stated range,
       which the Committee would support and believed would attract
       acceptance by a majority of the minority shareholders.

    3. The representatives of QMI were invited by the Committee to contact
       certain minority shareholders to better understand their expectations
       and intentions. It was made clear that the Committee had had no such

    The Committee communicated that its work, though well advanced, was not
complete. At no time and in no manner was it communicated to the
representative of QMI that the Committee had concluded that the offer price of
$4.55 was "inadequate" or that the Committee had formed the view based on
discussions with shareholders that a majority of the shareholders would not
accept an offer at that price.

For further information:

For further information: Marcel Côté, Chair of the independent
committee, (514) 866-5441

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