Cogeco Câble inc.
TSX : CCA

January 22, 2007 23:59 ET

Cogeco Cable Inc. announces exercise of $19 million underwriters' over-allotment option

MONTREAL, Jan. 22 - THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Cogeco Cable Inc. ("Cogeco Cable") announced today that the underwriting syndicate co-led by Scotia Capital Inc., GMP Securities L.P., BMO Nesbitt Burns Inc., and CIBC World Markets Inc. has
exercised in whole its over-allotment option to purchase an additional 500,000
subordinate voting shares at $38.50 per share for gross proceeds of
$19,250,000, in respect of its previously announced public offering.

The subordinate voting shares are being distributed to the public
pursuant to a short form prospectus filed with securities regulatory
authorities in each province and territory of Canada. The closing with respect
to the over-allotment option is expected to take place concurrently with the
closing of the previously announced offering, on or about February 2, 2007,
and is subject to customary closing conditions.

ABOUT COGECO CABLE

Cogeco Cable (www.cogeco.ca), a telecommunications company offering a
diverse range of services to its customers in Canada and in Portugal, is the
second largest cable operator in Ontario, Québec and Portugal, in terms of the
number of basic cable service customers served. The Corporation invests in
state-of-the-art broadband network facilities, delivers a wide range of
services over these facilities with great speed and reliability at attractive
prices, and strives to provide both superior customer care and growing
profitability to satisfy its customers' varied electronic communication needs.
Through its two-way broadband cable networks, Cogeco Cable provides its
residential and commercial customers with analog and digital video and audio
services, high speed Internet access as well as telephony services. The
Corporation provides about 1,649,000 revenue-generating units (RGUs) to
approximately 1,439,000 homes passed in its Canadian service territory and
about 650,000 RGUs to approximately 829,000 homes passed in its Portuguese
service territory. Cogeco Cable's subordinate voting shares are listed on the
Toronto Stock Exchange (CCA).

Contact Information

  • Pierre Gagné, Vice President, Finance and Chief
    Financial Officer, (514) 874-2600; Marie Carrier, Director, Corporate
    Communications, (514) 874-2600