Shaw Communications Inc.

Shaw Communications Inc.

March 11, 2005 16:50 ET

Shaw Announces Interest Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SHAW COMMUNICATIONS INC.

TSX SYMBOL: SJR.NV.B
NYSE SYMBOL: SJR

MARCH 11, 2005 - 16:50 ET

Shaw Announces Interest Distribution

CALGARY, ALBERTA--(CCNMatthews - March 11, 2005) - Notice is hereby
given that an interest distribution of 55.469 cents per security on Shaw
Communications Inc. (TSX:SJR.NV.B) (NYSE:SJR) 8.875% Canadian preferred
securities due September 28, 2049, will be paid March 31, 2005, to
holders of record at the close of business on March 15, 2005.

Due to late notification to the Toronto Stock Exchange, the preferred
securities will trade on an ex-distribution basis commencing Monday,
March 14th, 2005, rather than the usual two-trading day ex-distribution
period.

The interest distribution on the preferred securities will be treated as
interest income for tax purposes.

Shaw Communications Inc. is a diversified Canadian communications
company whose core business is providing broadband cable television,
Internet and satellite direct-to-home ("DTH") services to approximately
3.0 million customers. Shaw is traded on the Toronto and New York stock
exchanges (Symbol: TSX - SJR.NV.B, NYSE - SJR).

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Shaw Communications Inc.
    Steve Wilson
    Senior Vice President, Chief Financial Officer
    (403) 750-4500
    Website: www.shaw.ca