Transcontinental and PLM Group announce mailing of takeover bid circular and directors' circular

    MONTREAL and TORONTO, Sept. 10 /CNW Telbec/ - Transcontinental Inc. and
PLM Group Ltd. today announced the mailing to shareholders of PLM of
Transcontinental's offer and takeover bid circular and PLM's directors'
circular, each dated September 10, 2007, and related documents in connection
with the previously announced offer by Transcontinental to purchase all of the
issued and outstanding common shares of PLM at a price per share of C$3.50.
    Pursuant to a lock-up agreement dated August 21, 2007, Barry N. Pike,
founder and Chairman of the Board and Chief Executive Officer of PLM, and
Pike Holdings Inc., a holding company controlled by Mr. Pike, have agreed to
tender their shares representing approximately 51.2% of the shares
outstanding. The offer will be open for acceptance until 5:00 p.m.
(Eastern Time) on October 16, 2007, unless the offer is extended or withdrawn
by Transcontinental.
    The board of directors of PLM has received an opinion from Scotia Capital
Inc., financial advisor to the board of directors and the Special Committee of
the Board of PLM, that Transcontinental's offer is fair to PLM shareholders
(other than the locked-up shareholders) from a financial point of view. The
board of directors of PLM is recommending that PLM shareholders (other than
the locked-up shareholders) accept Transcontinental's offer.
    Details of the offer are contained in the takeover bid circular. The
offer and takeover bid circular, the directors' circular of PLM, letters of
transmittal and notices of guaranteed delivery will be available at the
Canadian Securities Administrators' website at, and may also be
obtained from National Bank Financial Inc. or the Depositary for the takeover
bid, as set forth in the documents.

    About PLM

    Founded in 1987, PLM Group Ltd. is one of Canada's largest commercial
printers providing single source web and sheet-fed print, visual, graphics and
display services to leading companies in a number of industries, including
retail, consumer products, financial services, automotive, pharmaceutical,
healthcare and communications. Its primary niche is direct marketing products
and services, which are increasingly in demand by businesses. PLM shares have
been listed on the TSX under the ticker symbol TSX: PGL since 1997.

    About Transcontinental

    The largest printer in Canada and sixth-largest in North America,
Transcontinental also ranks as the country's leading publisher of consumer
magazines and French-language educational resources, and its second-largest
community newspaper publisher. Transcontinental distinguishes itself by
creating strategic partnerships that integrate the company into its customers'
value chain, notably through its unique newspaper printing outsourcing model
and its value-added services. From mass to highly personalized marketing, the
company offers its clients integrated solutions which include a
continent-leading direct marketing offering, a diverse digital platform and a
door-to-door advertising material distribution network. Transcontinental is a
company whose values, including respect, innovation and integrity, are central
to its operation. Transcontinental (TSX: TCL.A, TCL.B) has more than 14,500
employees in Canada, the United States and Mexico, and reported revenues of
C$2.3 billion in 2006.

For further information:

For further information: Media: Nessa Prendergast, Director, Media
Relations, Transcontinental Inc., (514) 954-2809,; Financial Community: Jennifer F.
McCaughey, Director, Investor Relations, Transcontinental Inc., (514)
David J. Stuart, President and C.O.O., PLM Group Ltd., (416) 848-8520,; Peter A. Bradley, C.A., Executive Vice President and Chief
Financial Officer, PLM Group Ltd., (416) 848-8530,

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