Shaw announces continued strong third quarter results

CALGARY, Alberta — Shaw Communications Inc. (TSX:SJR.B, NYSE:SJR) today announced results for the third quarter ended May 31, 2008.

During the quarter Digital Phone lines grew by 57,700 to 549,932. Digital and Internet customers increased by 32,658 to 883,300 and 23,185 to 1,541,177, respectively, and Basic cable subscribers were up by 2,495 to 2,243,998. DTH customers increased 4,686 to 890,792.

Subscriber Statistics

                                                                Growth
                                        ------------------------------------------------------
                                        Three months ended May 31,   Nine months ended May 31,
                               Total    --------------------------   -------------------------
                        May 31, 2008         2008          2007          2008          2007
                        ------------       ------        ------       -------        ------
Basic cable customers      2,243,998        2,495         3,289        17,157        22,578
Digital customers            883,300       32,658        20,875       120,160        74,847
DTH customers                890,792        4,686         5,337        11,207         8,691

Cable

In the third quarter the Company expanded the HD channel line-up to include TLC and Encore Avenue and also added three additional PPV channels for PPV movies, sports and events in HD. Digital customer penetration of Basic customers is now 39.4% compared to 34.3% at August 31, 2007. Shaw has over 880,000 Digital customers including 300,000 with HD capabilities.

Satellite (Star Choice)

During the quarter Star Choice added additional HD channels including TLC HD and Encore Avenue HD and now carries a total of 38 HD channels that are available to over 220,000 HD capable customers.

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