Shaw Files Cross-Border Shelf Prospectus and Closes Offering

Shaw Communications Inc. filed a final short-form shelf prospectus dated November 23, 2001 in Canada and concurrently filed a registration statement in the U.S. pursuant to the multi-jurisdictional disclosure system with respect to up to $800 million of debt and equity securities.

On December 4, 2001, Shaw closed an offering of US$300 million principal amount of 7.2 per cent senior notes due December 15, 2001. The senior notes were offered through an underwriting syndicate with Merrill Lynch & Co. as lead manager. The senior notes were offered for sale only in the U.S. through a prospectus supplement under Shaw’s shelf facility. The net proceeds of the offering were intended primarily for the repayment of bank debt and for general corporate purposes.

Shaw was led in-house by Margot Micallef, Q.C., senior vice-president, law, and general counsel; David Taniguchi, legal counsel, corporate and securities; and Susan Crippin, director, transactions and due diligence; and was assisted by David Spencer, William Jenkins, Tom Pepevnak and Craig Story of Fraser Milner Casgrain LLP in Calgary, and Steven Miller, Bryan Biesterfeld and Debra Geiger of Sherman & Howard LLC in Denver, Colorado.

Pat Finnerty, Ross Bentley and Kristie Smith of Blake, Cassels & Graydon LLP, and Michael Smith and Jonathan James of Skadden, Arps, Slate, Meagher & Flom LLP in Toronto represented the underwriting syndicate.


Michael Smith Ross Bentley Thomas F. Pepevnak Craig A. Story Pat C. Finnerty David A. Spencer Bryan Biesterfeld Kristie Smith William K. Jenkins Jonathan G. James Patrick J. Miller


Dentons Canada LLP Sherman & Howard LLC Blake, Cassels & Graydon LLP Skadden, Arps, Slate, Meagher & Flom LLP