Shaw Announces Second Quarter with Continued Subscriber Growth

CALGARY, Alberta — Shaw Communications Inc. (TSX – SJR.B, NYSE – SJR) today announced results for the second quarter ended February 29, 2008.

Basic cable subscribers increased during the quarter by 6,524 to 2,241,503, Digital and Internet customers grew by 48,006 to 850,642 and 31,517 to 1,517,992, respectively, and Digital Phone lines were up 56,536 to 492,232. DTH increased 4,977 customers to 886,106.

                                                         Growth
                                  ------------------------------------------------------
                           Total      Three months ended           Six months ended
                    ------------  --------------------------  --------------------------
                    February 29,  February 29,  February 28,  February 29,  February 28,
                            2008          2008          2007          2008          2007
----------------------------------------------------------------------------------------
Basic cable customers  2,241,503         6,524         6,625        14,662        19,289
 Digital customers       850,642        48,006        28,641        87,502        53,972
DTH customers            886,106         4,977           928         6,521         3,354

Cable

Digital and On-Demand services continued to grow with the Digital customer base increasing 6% in the quarter and over 11% since August 31, 2007. Shaw now has over 850,000 Digital customers including 270,000 with HD capabilities. During the quarter the Company added NASCAR Hotpass and Speed HD to its Digital and HD channel line-up.

                                                                    February 29, 2008
                                                         ------------------------------------
                                                         Three months ended  Six months ended
                                                         ------------------  ----------------
                                February 29,  August 31,             Change            Change
                                        2008        2007   Growth         %    Growth       %
-------------------------------------------------------- ------------------------------------
Basic service:
 Actual                            2,241,503   2,226,841    6,524       0.3    14,662     0.7
 Penetration as % of homes passed      64.4%       64.6%
Digital terminals                  1,139,365   1,016,564   66,336       6.2   122,801    12.1
Digital customers                    850,642     763,140   48,006       6.0    87,502    11.5

SATELLITE (DTH and Satellite Services)

During the quarter Star Choice added additional HD channels including Speed HD that puts viewers right in the racing action and now carries a total of 36 HD channels that are available to over 200,000 HD capable customers.

                                                                    February 29, 2008
                                                         ------------------------------------
                                                         Three months ended  Six months ended
                                                         ------------------  ----------------
                                February 29,  August 31,             Change            Change
                                        2008        2007   Growth         %    Growth       %
-------------------------------------------------------- ------------------------------------
Star Choice customers (1)            886,106     879,585    4,977       0.6     6,521     0.7

(1) Including seasonal customers who temporarily suspend their service.

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