Shaw Communications Inc.
NYSE : SJR
TSX : SJR.B

Shaw Communications Inc.

August 09, 2006 12:00 ET

Shaw Communications to Acquire Norcom Telecommunications Limited

CALGARY, ALBERTA--(CCNMatthews - Aug. 9, 2006) - Shaw Communications Inc. (TSX:SJR.B) (NYSE:SJR) today announced that it has entered an agreement to acquire Norcom Telecommunications Limited ("Norcom"), subject to CRTC approval. Norcom operates cable and Internet systems located in Northwestern Ontario including Kenora, Red Lake, Sioux Lookout, Ear Falls and Ignace, together with the CTV television station, CJBN-TV, in Kenora.

"We are truly delighted with the acquisition of Norcom" said Peter Bissonnette, President of Shaw Communications Inc. "Shaw has been proud to serve customers in Winnipeg and Northwestern Ontario, including Thunder Bay, Fort Frances and Dryden, for many years, and we look forward to providing the same leading entertainment and communications services to Norcom's customers."

Shaw Communications Inc. is a diversified Canadian communications company whose core business is providing broadband cable television, High-Speed Internet, Digital Phone, telecommunications 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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