Shaw Announces Repurchase of Shares Under Normal Course Issuer Bid

    News Editors

    CALGARY, Alberta--(BUSINESS WIRE)--April 19, 2005--Shaw Communications Inc. (TSX:SJR.NV.B) (NYSE:SJR) announced today that it has recently repurchased a total of 4,350,000 Class B Non-Voting Participating Shares for cancellation pursuant to its normal course issuer bid. These repurchases are consistent with the Company's intention to place a greater priority on repurchasing shares over the next 12 month period.

    The recent number of shares repurchased represents under 2.0% of the Class B Non-Voting Participating Shares outstanding, and this brings the fiscal year-to-date total to 5,484,600 Class B Non-Voting Participating Shares that are to be cancelled under the Company's normal course issuer bid. Dependent upon market conditions, the Company may repurchase additional shares in accordance with the applicable rules of the Toronto Stock Exchange.

    Shaw Communications Inc. is a diversified Canadian communications company whose core business is providing broadband cable television, Internet, Digital Phone and satellite direct-to-home ("DTH") services to approximately 3.0 million customers. Shaw is traded on the Toronto and New York stock exchanges and is a member of the S&P/TSX 60 index (Symbol: TSX - SJR.NV.B, NYSE - SJR).



    Shaw Communications Inc. (TSX:SJR.NV.B) (NYSE:SJR)

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CONTACT: Shaw Communications Inc. Investor Relations (403) 750-4500 Website: www.shaw.ca

KEYWORD: NEW YORK INTERNATIONAL CANADA INDUSTRY KEYWORD: TELEVISION/RADIO CABLE TELECOMMUNICATIONS INTERNET E-COMMERCE SOURCE: Shaw Communications Inc.

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