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).


Robb McNaughton William K. Jenkins David E. Woollcombe David Randell Dale E. Skinner Orysia Semotiuk John E. P. Reynolds James G. Morand Thomas F. Pepevnak Philippe A. Ugnat Heather A. Greenberg


Dentons Canada LLP Sherman & Howard LLC McCarthy Tétrault LLP Skadden, Arps, Slate, Meagher & Flom LLP