Shaw adds 113,000 digital TV subscribers in latest quarter

Shaw announces fourth quarter and full year results and preliminary fiscal 2010 guidance

CALGARY, Alberta — Shaw Communications Inc. (TSX: SJR.B, NYSE: SJR) announced results for the fourth quarter and fiscal year ended August 31, 2009.

During the quarter Basic cable subscribers increased 6,374 to 2,289,900, Digital customers were up 110,501 to 1,297,684, and Internet and Digital Phone lines grew by 27,376 to 1,678,335 and 55,708 to 829,717, respectively. DTH customers increased 2,728 to 900,941.

Chief Executive Officer and Vice Chair Jim Shaw commented, “Throughout 2009 subscriber growth was solid. Our focus on Digital deployment, combined with the consumers increased demand for HDTV, drove record Digital growth during the year. We added over 388,000 new subscribers increasing our Digital penetration of Basic from 40% at August 31, 2008 to almost 57% at August 31, 2009.”

Subscriber statistics:

                                                                   Growth
                                   --------------------------------------
                                         Three months                Year
                            Total    ended August 31,    ended August 31,
                       August 31,  ------------------  ------------------
                             2009      2009      2008      2009      2008
                       ----------  --------  --------  --------  --------
Basic cable customers   2,289,900     6,374     4,122    29,467    21,279
Digital customers       1,297,684   110,501    23,020   388,517   143,180
DTH customers             900,941     2,728     1,736     8,413    12,943

More: Earnings Release