Shaw Communications Inc.

Shaw Communications Inc.

June 06, 2006 16:30 ET

Shaw Communications Announces Amendment of $1.0 Billion Credit Facility

CALGARY, ALBERTA--(CCNMatthews - June 6, 2006) - Shaw Communications Inc. (TSX:SJR.B) (NYSE:SJR) announced today that it has amended its existing credit facility to extend the maturity date from April, 2009 to May, 2011 and to implement new pricing terms effective May, 2007. Covenants and other material terms remain largely unchanged.

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

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