Shaw Communications Completes Senior Note Offering in March 2007

Shaw Communications Inc. issued $400 million principal amount of 5.70 per cent Senior Notes due March 2017 through a cross-border offering that closed on March 2, 2007. The offering was led by TD Securities Inc., with a syndicate that included RBC Capital Markets, CIBC World Markets, Scotia Capital Inc., GMP Securities L.P., Merrill Lynch Canada Inc. and National Bank Financial Inc.

Shaw Communications Inc. is a diversified Canadian communications company whose core business is providing broadband cable television, High-Speed Internet, Digital Phone, telecommunication services (through Shaw Business Solutions) and satellite direct-to-home services (through Star Choice) to 3.2 million customers.

Shaw's legal team was directed by Steve Wilson, senior vice-president and chief financial officer and Paul Bachand, assistant Corporate secretary. Shaw was represented in Canada by Fraser Milner Casgrain LLP, with a team that included Bill Jenkins, John Reynolds, Dale Skinner, Tom Pepevnak, Robb McNaughton and Heather Greenberg (corporate/securities) and Derek Kurrant (tax) and in the United States by Sherman & Howard LLC, with a team that included Steven Miller, Jeffrey Kesselman, Matthew Tomb (securities) and Michael Dubetz (tax).

The underwriters were represented in Canada by McCarthy Tétrault LLP, with a team that included David Woollcombe, Frank DeLuca, Orysia Semotiuk, David Randell and Philippe Ugnat (corporate/securities) and James Morand (tax) and in the United States by Skadden, Arps, Slate, Meagher & Flom LLP, with a team that included Christopher Morgan and Ryan Dzierniejko (securities) and Eric Sensenbrenner and Casey August (tax).