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

Shaw Communications Inc.
Videon Cablesystems Inc.

April 09, 2009 15:45 ET

Videon Cablesystems Announces Determination of Redemption Price for 8.15% Senior Secured Debentures, Series "A"

CALGARY, ALBERTA--(Marketwire - April 9, 2009) - Shaw Communications Inc. (TSX:SJR.B) (NYSE:SJR):

Videon Cablesystems Inc. announced today that it has determined the redemption price for its 8.15% Senior Secured Debentures, Series "A" due April 26, 2010 to be $1,070.45 per debenture, all in accordance with the terms of the trust indenture governing the debentures.

As previously announced, the redemption date for the foregoing debentures will be April 15, 2009 and the redemption price, plus $38.18 per debenture in accrued and unpaid interest to such date, will be paid in accordance with the terms of the debentures and the trust indenture.

This news release is for informational purposes only and is not an offer to buy any securities of Videon Cablesystems Inc.

Videon Cablesystems Inc. is a wholly-owned subsidiary of Shaw Communications Inc.

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