This announcement appears as a matter of record only.

_____________

$26,300,000

World Color Press, Inc.

has sold the assets of its

Spartan Printing Division

to an investor group in a transaction

which included a leveraged

EMPLOYEE STOCK OWNERSHIP PLAN

("ESOP")

The undersigned acted as financial advisor to
World Color Press, Inc.

Benefit Capital
SouthWest, Inc.

14951 Dallas Parkway
Dallas, Texas
(972) 991-ESOP

A member of the Benefit Capital family of companies