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EXHIBIT 99.1
 
 
 ANNUAL INFORMATION FORM FOR THE
FISCAL YEAR ENDED DECEMBER 31, 2005
 March 31, 2006




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TABLE OF CONTENTS
 DOCUMENTS INCORPORATED BY REFERENCE
    
    
    4GLOSSARY OF TERMS
    
    
    4ITEM 1:
    
    DATE OF ANNUAL INFORMATION FORM
    
    
    5ITEM 2:
    
    CORPORATE STRUCTURE
    
    
    5Formation of Issuer
    
    
    5Subsidiaries
    
    
    5ITEM 3:
    
    GENERAL DEVELOPMENT OF THE BUSINESS
    
    
    63.1
    
    Business Profile
    
    
    63.2
    
    Three-Year History
    
    
    6Sale by the Company of its 50% Share Ownership in Pan Asia
    
    
    6In-Depth Review of the Companys Operations
    
    
    6Past Indefinite Idlings & Permanent Capacity Reductions
    
    
    7Third Party Certifications
    
    
    7Expansion of the Abitibi-LP Joint Venture
    
    
    7Financing Activities: U.S. Debt Offerings, Credit Facilities and Others
    
    
    8Iroquois Falls Modernization
    
    
    9Alma Mill
    
    
    9Additional Purchase in Augusta Newsprint Gives Company Controlling Interest
    
    
    9Company Acquires Full Control of Alabama River Newsprint Company
    
    
    9Sale of Voyageur Panel
    
    
    9Sale by the Company of its Remaining Interest in SFK Pulp Fund
    
    
    9Baie-Comeau Mill
    
    
    93.3
    
    Trends
    
    
    10Newsprint Market
    
    
    10Commercial Printing Papers Market
    
    
    10Lumber Market
    
    
    10Capital Expenditure
    
    
    10ITEM 4:
    
    DESCRIPTION OF THE BUSINESS
    
    
    10Paper and Wood Products Sales and Assets Distribution
    
    
    11Principal Production Facilities
    
    
    11Competition
    
    
    12Environmental Policies
    
    
    12Human Resources
    
    
    12Fibre Supply
    
    
    12Energy Supply
    
    
    13Foreign Exchange
    
    
    13Litigation
    
    
    13Softwood Lumber Dispute
    
    
    13Business Risks
    
    
    14ITEM 5:
    
    DIVIDENDS
    
    
    15ITEM 6:
    
    DESCRIPTION OF CAPITAL STRUCTURE
    
    
    156.1
    
    General Description of Capital Structure
    
    
    15Authorized and Issued Share Capital
    
    
    15Description of the Common Shares
    
    
    15Description of the Class A Preferred Shares
    
    
    156.2
    
    Ratings
    
    
    16ITEM 7:
    
    MARKET FOR SECURITIES
    
    
    17ITEM 8:
    
    DIRECTORS AND OFFICERS
    
    
    18ITEM 9:
    
    TRANSFER AGENT AND REGISTRAR
    
    
    19ITEM 10:
    
    MATERIAL CONTRACTS AND DOCUMENTS AFFECTING THE RIGHTS OF SECURITYHOLDERS
    
    
    19ITEM 11:
    
    INTERESTS OF EXPERTS
    
    
    20
 Abitibi-Consolidated Inc.
2005 Annual Information Form
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ITEM 12:
    
    AUDIT COMMITTEE INFORMATION
    
    
    20Pre-approval Policies and Procedures
    
    
    20External Auditors Services Fees (By Category)
    
    
    21ITEM 13:
    
    ADDITIONAL INFORMATION
    
    
    22
 EXHIBIT A  Charter of the Audit Committee of the Board of Directors of the
Abitibi-Consolidated Inc.
 Abitibi-Consolidated Inc.
2005 Annual Information Form
 3




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DOCUMENTS INCORPORATED BY REFERENCE
  GLOSSARY OF TERMS
   Forward-looking Statements
 Managements
Discussion and Analysis
 Abitibi-Consolidated Inc.
2005 Annual Information Form
 4




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ABITIBI-CONSOLIDATED INC.
ANNUAL INFORMATION FORM
 ITEM 1: DATE OF ANNUAL INFORMATION FORM
  ITEM 2: CORPORATE STRUCTURE
 Formation of Issuer
 Canada Business Corporations Act
  Subsidiaries
  Corporation
    
    Governing JurisdictionAbitibi-Consolidated Inc.
    
    CanadaAbitibi-Consolidated Company of Canada1 (ACCC)
    
    QuébecDonohue Corp.
    
    DelawareAbitibi-Consolidated Corp.2
    
    DelawareAbitibi Consolidated Sales Corporation3 (ACSC)
    
    Delaware
 
 1
    
    ACCC holds most of the Canadian operating
assets of the Company. In 2005 ACCC sold its interests in PanAsia Paper
Company Pte Ltd. and in Gestofor Inc.2
    
    Abitibi-Consolidated Corp. was formerly known
as Donohue Industries Inc.3
    
    ACSC also holds a 100% interest in
Abitibi-Consolidated Alabama Recycling Corporation and
Abitibi-Consolidated Alabama Corporation, which together hold a 100%
ownership interest in Alabama River Newsprint Company. Abitibi-Consolidated Inc.
2005 Annual Information Form
 5




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ITEM 3: GENERAL DEVELOPMENT OF THE BUSINESS
 3.1 Business Profile
 ®
   3.2 Three-Year History
 Sale by the Company of its 50% Share Ownership in Pan Asia
  In-Depth Review of the Companys Operations
  
    
    The restructuring of its Newfoundland operations, which led to labour reductions,
the permanent closure of the Stephenville paper mill and the announcement of the
permanent closure of paper machine number seven at the Grand Falls paper mill. The
Stephenville paper mill had an annual production capacity of approximately 194,000
tonnes of newsprint. The machine at the Grand Falls mill has an annual production
capacity of approximately 60,000 tonnes of newsprint.
    
    The permanent closure of its Kenora paper mill, which resulted in the permanent
removal of 240,000 tonnes of newsprint capacity annually.
    
    The intention to permanently close one paper machine at its Bridgewater mill,
which will result in the permanent removal of 60,000 tonnes of capacity. The closure
of the machine is expected to take effect no later than April 2006.
    
    The sale of the Companys privately-owned timberlands located near Thunder Bay for
$55 million. The timberlands comprised approximately 196,000 hectares (or about
485,000 acres).
 Abitibi-Consolidated Inc.
2005 Annual Information Form 6




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Past Indefinite Idlings & Permanent Capacity Reductions
  Third Party Certifications
    4
  Expansion of the Abitibi-LP Joint Venture
   
 4
    
    The commitment was made by the Company in
2004, therefore, it does not include the St-Raymond de Portneuf crown land
since the Company only subsequently acquired the sawmill and the management of
this land in 2005. Abitibi-Consolidated Inc.
2005 Annual Information Form
 7




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Financing Activities: U.S. Debt Offerings, Credit Facilities and Others
   Autorité des marchés financiers
    Abitibi-Consolidated Inc.
2005 Annual Information Form
 8




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Iroquois Falls Modernization
  Alma Mill
 ABIoffset TM ALTERNATIVE OFFSET ® EQUAL OFFSET ®
 Additional Purchase in Augusta Newsprint Gives Company Controlling Interest
  Company Acquires Full Control of Alabama River Newsprint Company
  Sale of Voyageur Panel
  Sale by the Company of its Remaining Interest in SFK Pulp Fund
  Baie-Comeau Mill
  Abitibi-Consolidated Inc.
2005 Annual Information Form
 9




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3.3
    
    Trends
 Newsprint Market
  Commercial Printing Papers Market
 ABIoffset TM
 Lumber Market
  Capital Expenditure
  ITEM 4: DESCRIPTION OF THE BUSINESS
  Newsprint.
 Commercial Printing Papers.
 Abitibi-Consolidated Inc.
2005 Annual Information Form
 10




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Wood Products.
    Paper and Wood Products Sales and Assets Distribution
 5
    Principal Production Facilities
  
 5
    
    As mentioned, on November 17, 2005, the
Company completed the sale of its 50% share ownership in PanAsia. Acoordingly,
the information pertaining to PanAsia is no longer included on a proportionate
basis, but presented as discontinued operations in the Companys
consolidated financial statements. Comparative figures were reclassified to
exclude PanAsias data from the Companys Sales Distributions
information. Abitibi-Consolidated Inc.
2005 Annual Information Form
 11




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Competition
  Environmental Policies
   Human Resources
  Fibre Supply
   Abitibi-Consolidated Inc.
2005 Annual Information Form
 12




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st
  Energy Supply
  Foreign Exchange
  Litigation
 Softwood Lumber Dispute
  Abitibi-Consolidated Inc.
2005 Annual Information Form 13




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Business Risks
  Abitibi-Consolidated Inc.
2005 Annual Information Form 14




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ITEM 5: DIVIDENDS
 Canada Business Corporations Act
  
    
    2005:Dividends of $0.025 per share were paid each quarter.
    
    2004:In the first quarter of 2004, two dividend payments of $0.025 per share were
paid as a result of the Companys decision to synchronize announcements of its quarterly
results and dividend declarations. For the three remaining quarters of 2004, dividends of
$0.025 per share were paid.
    
    2003:In the first quarter of 2003, a dividend of $0.10 per share was paid and in the
second quarter of 2003, the Companys Board of Directors made the decision to reduce the
quarterly dividend from $0.10 per share to $0.025 in light of market and currency exchange
conditions. Thus, for the third and fourth quarters of 2003, dividends of $0.025 per share
were paid.
 ITEM 6: DESCRIPTION OF CAPITAL STRUCTURE
 6.1
    
    General Description of Capital Structure
  Authorized and Issued Share Capital
  Description of the Common Shares
  Description of the Class A Preferred Shares
  Abitibi-Consolidated Inc.
2005 Annual Information Form
 15




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6.2    Ratings
   Dates
    
    Company rating
    
    Outlook
    
    Liquidity ratingMoodys
    
    December 8, 2005
    
    B1
    
    Stable
    
    SGL-2Standard & Poors
    
    December 1, 2005
    
    B +
    
    StableDBRS
    
    February 24, 2005
    
    BB
    
    StableNovember 3, 2005
    
    BB (low)
    
    NegativeFitch
    
    December 12, 2005
    
    B +
    
    Stable
   
 Abitibi-Consolidated Inc.
 2005 Annual Information Form




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ITEM 7: MARKET FOR SECURITIES




TSX (A)
    
    
    
    
    
    
    
    
    
    
    NYSE (ABY)Month
    
    High ($)
    
    
    Low ($)
    
    
    Volume
    
    
    High($US)
    
    
    Low ($US)
    
    
    VolumeJanuary
    
    
    8.25
    
    
    
    6.62
    
    
    
    40,369,494
    
    
    
    6.92
    
    
    
    5.35
    
    
    
    6,443,300February
    
    
    7.23
    
    
    
    5.66
    
    
    
    49,190,883
    
    
    
    5.75
    
    
    
    4.61
    
    
    
    7,888,400March
    
    
    6.83
    
    
    
    5.43
    
    
    
    73,461,740
    
    
    
    5.59
    
    
    
    4.50
    
    
    
    11,526,000April
    
    
    5.95
    
    
    
    5.02
    
    
    
    67,334,545
    
    
    
    4.91
    
    
    
    4.00
    
    
    
    11,812,600May
    
    
    5.72
    
    
    
    4.92
    
    
    
    33,472,046
    
    
    
    4.56
    
    
    
    3.90
    
    
    
    12,854,500June
    
    
    6.33
    
    
    
    5.40
    
    
    
    36,185,608
    
    
    
    5.10
    
    
    
    4.39
    
    
    
    15,762,800July
    
    
    6.17
    
    
    
    5.33
    
    
    
    23,196,351
    
    
    
    5.07
    
    
    
    4.35
    
    
    
    8,688,100August
    
    
    5.99
    
    
    
    5.00
    
    
    
    23,582,150
    
    
    
    4.95
    
    
    
    4.18
    
    
    
    6,040,200September
    
    
    5.60
    
    
    
    4.63
    
    
    
    40,510,031
    
    
    
    4.74
    
    
    
    3.95
    
    
    
    11,759,900October
    
    
    4.92
    
    
    
    3.48
    
    
    
    42,145,865
    
    
    
    4.22
    
    
    
    2.96
    
    
    
    14,948,700November
    
    
    4.20
    
    
    
    3.70
    
    
    
    43,960,458
    
    
    
    3.58
    
    
    
    3.15
    
    
    
    6,567,500December
    
    
    4.91
    
    
    
    3.72
    
    
    
    57,689,234
    
    
    
    4.22
    
    
    
    3.21
    
    
    
    12,315,500





Abitibi-Consolidated Inc.


2005 Annual Information Form








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ITEM 8: DIRECTORS AND OFFICERS
    Name and Municipality of Residence
    
    OfficesRichard Drouin, Q.C.,
    
    Chairman of the Boardc.r.
Sillery, QuébecJohn W. Weaver
    
    President and Chief Executive OfficerMontréal, QuébecLouis-Marie Bouchard
    
    Senior Vice-President, Woodlands and SawmillsMontréal, QuébecAlain Grandmont
    
    Senior Vice-President, Commercial Printing PapersMontréal, QuébecColin Keeler
    
    Senior Vice-President, North American Newsprint SalesOld Greenwich, ConnecticutPaul Planet
    
    Senior Vice-President, International NewsprintMontréal, QuébecPierre Rougeau
    
    Senior Vice-President, Corporate Development and Chief Financial OfficerMontréal, QuébecThor Thorsteinson
    
    Senior Vice-President, North American NewsprintMontréal, QuébecBruno Tremblay
    
    Senior Vice-President, Business Support ServicesNotre-Dame de lÎle Perrot, QuébecJacques P. Vachon
    
    Senior Vice-President, Corporate Affairs and SecretaryMontréal, Québec
   (a)
    
    is, as at the date of this Annual Information Form or has been, within 10 years
before the date of this Annual Information Form, a director or executive officer of any
company, that while that person was acting in that capacity:
 i)
    
    was the subject of a cease trade or similar order or an order
that denied the relevant company access to any exemption under securities
legislation, for a period of more than 30 consecutive days;
 
 Abitibi-Consolidated Inc.
 2005 Annual Information Form




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ii)
    
    was subject to an event that resulted, after the director or
executive officer ceased to be a director or executive officer, in the company
being the subject of a cease trade or similar order or an order that denied
the relevant company access to any exemption under securities legislation, for
a period of more than 30 consecutive days; oriii)
    
    or within a year of that person ceasing to act in that
capacity, became bankrupt, made a proposal under any legislation relating to
bankruptcy or insolvency or was subject to or instituted any proceedings,
arrangement or compromise with creditors or had a receiver, receiver manager
or trustee appointed to hold its assets;
 (b)
    
    has, within the 10 years before the date of this Annual Information Form,
become bankrupt, made a proposal under any legislation relating to bankruptcy or
insolvency, or become subject to or instituted any proceedings, arrangement or
compromise with creditors, or had a receiver, receiver manager or trustee appointed to
hold its assets; or(c)
    
    has, since January 2001, 2001 been subject to:
 i)
    
    any penalties or sanctions imposed by a court relating to
securities legislation or by a securities regulatory authority or has entered
into a settlement agreement with a securities regulatory authority; orii)
    
    any other penalties or sanctions imposed by a court or
regulatory body that would likely be considered important to a reasonable
investor in making an investment decision.
 Companies Creditors Arrangement Act
 Autorité des marchés
financiers
  ITEM 9: TRANSFER AGENT AND REGISTRAR
  ITEM 10: MATERIAL CONTRACTS AND DOCUMENTS AFFECTING THE RIGHTS OF SECURITYHOLDERS
  
    
    On November 17, 2005, the Company entered into a share purchase agreement pursuant to
which it sold its 50% share ownership in Pan Asia Paper Company Pte Ltd. to Norske
Skogindustrier ASA of Norway for a cash consideration of US$600 million plus a cash purchase
price adjustment payment of up to US$30 million depending on the achievement of certain
financial performance objectives in 2006, payable in 2007.
 
 Abitibi-Consolidated Inc.
 2005 Annual Information Form




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ITEM 11: INTERESTS OF EXPERTS
  ITEM 12: AUDIT COMMITTEE INFORMATION
  
    
    Gary J. Lukassen.Mr. Lukassen, after articling with Price
Waterhouse in Montréal, obtained his Chartered Accountant degree in 1967. He joined the
Hudsons Bay Company (HBC) in 1975 and was appointed Senior Vice-President Finance and
Administration in 1987. He was Executive Vice-President and Chief Financial Officer of HBC
from 1989 until his retirement in 2001. He was also a member of the Board of Directors of
HBC from 1987 to 2001. Mr. Lukassen is currently a member of the following Boards of
Directors: The Northwest Company, Stelco Inc., and Spinrite Income Fund. He is either
Chair or a member of the audit committee of each of these companies.
    
    Dr. Hans P. Black.Dr. Black received his Bachelor of Science
degree, magna cum laude, from Union College in New York. He studied law in France and
subsequently graduated from McGill University in Montréal with a Doctorate in Medicine.
Dr. Black has experience overseeing and assessing the performance of companies with
respect to the preparation, auditing and evaluation of financial statements. Dr. Black is
also Chair of the Audit Committee of the board of directors of Nymox Pharmaceutical
Corporation.
    
    William E. Davis. Mr. Davis holds a Bachelor degree from the United
States Naval Academy at Annapolis, a Masters from George Washington University and a
Doctorate in Science from the State University of New York. He is currently a member of
the following Boards: Consol Energy Inc. where he is also a member of the Audit Committee,
Syracuse University Board of Trustees and The Metropolitan Development Foundation of
Central New York, Inc.
    
    Lise Lachapelle. Mrs. Lachapelle holds a Bachelor degree in Business
Administration from the University of Montréal (HEC). She also studied at the University
of Western Ontario and the Harvard Business School. She was President and Chief Executive
Officer of the Canadian Pulp and Paper Association from 1994 until January 2002.
  Pre-approval Policies and Procedures
  
 Abitibi-Consolidated Inc.
 2005 Annual Information Form




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Sarbanes-Oxley Act of 2002 de minimis
 External Auditors Services Fees (By Category)
  
 Abitibi-Consolidated Inc.
 2005 Annual Information Form




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www.abitibiconsolidated.com.
 ITEM 13: ADDITIONAL INFORMATION
   www.edgar-online.com www.abitibiconsolidated.com.
 
 Abitibi-Consolidated Inc.
 2005 Annual Information Form




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EXHIBIT A
 CHARTER  OF THE  AUDIT COMMITTEE  OF THE  BOARD OF DIRECTORS OF ABITIBI-CONSOLIDATED INC.
 1.
    
    The Audit Committee of Abitibi-Consolidated Inc. shall be composed of not
less than three directors, each of whom (a) shall be independent, within
the meaning of that term in the relevant securities legislation and stock
exchange rules, of the Corporation and of any shareholder holding a
sufficient number of shares to exert influence on the Board of Directors,
(b) shall have no relationships with management, the Corporation and its
related entities that in the opinion of the Board may interfere with their
independence from management and from the Corporation, and (c) shall not
receive, other than for service on the Board, the Committee or any other
Committee of the Board, any consulting, advisory, or other compensatory fee
from the Corporation or any of its related parties or subsidiaries. The
members of the Audit Committee shall possess the mix of characteristics,
experiences and skills to provide an appropriate balance for the
performance of the duties of the Committee and in particular each member of
the Committee shall be financially literate, and at least one member
shall be a financial expert within the meaning of those terms in the
relevant securities legislation and stock exchange rules. A quorum of the
Committee shall be one-half of the members, and a majority vote of the
members present shall be required to pass a resolution of the Audit
Committee. The Audit Committee is responsible to the Board of Directors of
the Corporation.The Chair shall be appointed annually by the Board. The Chairs
responsibilities shall include (i) presiding at meetings of the Committee,
(ii) providing leadership to enhance the effectiveness and focus of the
Committee, (iii) ensuring that the Committee has access to timely and
relevant information and resources to support its work, (iv) setting with
management the agenda for each meeting, and (v) acting as liaison between
the Committee and the Board, and the Committee and Management.2.
    
    The objectives of the Audit Committee are as follows:
    
 Abitibi-Consolidated Inc.
 2005 Annual Information Form




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3.
    
    The Audit Committee has the responsibility to exercise the powers set out
in this Charter. However, it is not the duty of the Audit Committee, inter
alia, to plan or to conduct audits or to determine that the Corporations
financial statements are complete or constitute a fair presentation or are
in accordance with generally accepted accounting principles. These matters
are the responsibility of management and the external auditor. It is also
not the duty of the Audit Committee to conduct investigations, to resolve
disagreements, if any, between management and the external auditor or to
ensure compliance with laws and regulations and the Corporations Code of
Conduct.4.
    
    To achieve its objectives, the Audit Committee shall:
      
 Abitibi-Consolidated Inc.
 2005 Annual Information Form




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Abitibi-Consolidated Inc.
 2005 Annual Information Form




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Abitibi-Consolidated Inc.
 2005 Annual Information Form




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Abitibi-Consolidated Inc.
 2005 Annual Information Form




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Abitibi-Consolidated Inc.
 2005 Annual Information Form