Shaw Communications Inc.

Shaw Communications Inc.

January 12, 2007 08:30 ET

Shaw Communications to Acquire Winfield, Lumby, Lillooet and Gulf Islands Cable Systems

CALGARY, ALBERTA--(CCNMatthews - Jan. 12, 2007) - Shaw Communications (TSX:SJR.B) (NYSE:SJR) today announced that it has entered an agreement with Mascon Communications and its affiliates to acquire the cable systems in Winfield, Lumby, Pender Island, Mayne Island, Galiano Island and Lillooet, B.C.

"We are delighted with the acquisition of these B.C. cable systems", said Peter Bissonnette, President of Shaw Communications, "these cable systems compliment our existing cable properties in and around Kelowna and the Gulf Islands."

"We are proud of the cable operations we have developed in Winfield, Lillooet and the Gulf Islands" said Ian Mackay who founded Mascon Communications and operated its cable systems over the past 20 years. "Shaw's purchase of these cable operations is a great deal for our customers who will enjoy an enhanced offering of entertainment and Internet services, and in some cases, digital phone services, through Shaw."

Shaw Communications Inc. is a diversified communications company whose core business is providing broadband cable television, High-Speed Internet, Digital Phone, telecommunications services (through Shaw Business Solutions) and satellite direct-to-home services (through Star Choice) to 3.1 million customers. Shaw is traded on the Toronto and New York stock exchanges and is included in the S&P/TSX 60 Index (TSX:SJR.B) (NYSE:SJR).

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