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Shaw Announces Redemption Price for 6.50% Senior Notes Due 2014

CALGARY, ALBERTA -- (Marketwired) -- 02/12/14 -- Shaw Communications Inc. (TSX: SJR.B) (NYSE: SJR) announced today that it has determined the redemption price for its C$600 million 6.50% senior notes due June 2, 2014 (the "2014 Notes"). As previously announced, the redemption date for the 2014 Notes is February 18, 2014 (the "Redemption Date").

The redemption price per C$1,000 principal amount of the 2014 Notes is C$1,012.433 plus accrued interest to the Redemption Date of $13.890.

About Shaw Communications Inc.

Shaw Communications Inc. is a diversified communications and media company, providing consumers with broadband cable television, High-Speed Internet, Home Phone, telecommunications services (through Shaw Business), satellite direct-to-home services (through Shaw Direct) and engaging programming content (through Shaw Media). Shaw serves 3.2 million customers, through a reliable and extensive fibre network. Shaw Media operates one of the largest conventional television networks in Canada, Global Television, and 19 specialty networks including HGTV Canada, Food Network Canada, HISTORY® and Showcase. Shaw is traded on the Toronto and New York stock exchanges and is included in the S&P/TSX 60 Index (TSX: SJR.B) (NYSE: SJR). For more information about Shaw, please visit www.shaw.ca.

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