COGECO Increases its Quarterly Dividend to $0.18 per Share

MONTRÉAL, CANADA--(Marketwire - Oct. 26, 2011) - COGECO Inc. (TSX:CGO) ("COGECO" or "the Corporation") announced today that its Board of Directors declared a quarterly eligible dividend of $0.18 per share for subordinate and multiple voting shares, representing an increase of $0.04, or 29%, when compared to the quarterly dividend of $0.14 per share paid last quarter. The dividend will be payable on November 23, 2011, to shareholders of record on November 9, 2011.

The declaration, amount and date of any future dividend will continue to be considered and approved by the Board of Directors of the Corporation based upon the Corporation's financial condition, results of operations, capital requirements and such other factors as the Board of Directors, at its sole discretion, deems relevant. There is therefore no assurance that dividends will be declared, and if declared, their amount and frequency may vary.

ABOUT COGECO

COGECO (www.cogeco.ca) is a diversified communications company. Through its Cogeco Cable subsidiary, COGECO provides its residential customers with Audio, Analogue and Digital Television, as well as HSI and Telephony services using its two-way broadband cable networks. Cogeco Cable also provides, to its commercial customers, through its subsidiary Cogeco Data Services, data networking, e-business applications, video conferencing, hosting services, Ethernet, private line, VoIP, HSI access, data storage, data security, co-location services, managed IT services, cloud services and other advanced communication solutions. Through its Cogeco Diffusion Inc. subsidiary ("CDI"), COGECO wholly-owns and operates 13 radio stations across most of Québec with complementary radio formats serving a wide range of audiences, as well as Cogeco News, its news agency broadcast in close to 30 independent and community radio stations across Québec. COGECO's subordinate voting shares are listed on the Toronto Stock Exchange (TSX:CGO). The subordinate voting shares of Cogeco Cable are also listed on the Toronto Stock Exchange (TSX:CCA).