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

Shaw Communications Inc.
Videon Cablesystems Inc.

April 01, 2009 09:00 ET

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

CALGARY, ALBERTA--(Marketwire - April 1, 2009) - Shaw Communications Inc. (TSX:SJR.B) (NYSE:SJR):

Videon Cablesystems Inc. announced today that it has given notice of its intention to redeem all of its outstanding Cdn $130 million 8.15% Senior Secured Debentures, Series "A" due April 26, 2010. The CUSIP number of the 8.15% Senior Secured Debentures, Series "A" is 92658W AA9.

The redemption date will be April 15, 2009. The redemption price, being the Canada Yield Redemption Price (as defined in the trust indenture governing the debentures), plus any accrued and unpaid interest, 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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