Shaw's High-Speed Internet Growth Accelerates -- 500,000 Customers Now On-line.

Business Editors

CALGARY, Alberta--(BUSINESS WIRE)--June 6, 2001

Shaw Communications Inc. (TSE:SJR.B.)(CDNX:SJR.A)(NYSE:SJR) (Shaw) reached a major milestone today when its high-speed Internet service, including Shaw@Home - began serving its 500,000th customer.

"This

is a tremendous achievement for everyone at Shaw," said Peter Bissonnette, President of Shaw Communications, "and we greatly appreciate our customers' support in helping us hit this milestone. When we set out in November of 1996, our aim was to provide high-speed Internet service unmatched in performance and reliability. Reaching the half-million customer mark demonstrates our commitment and also shows how important high-speed Internet service is to today's families. We are seeing continuous growth as Canadian households make the switch from dial-up access to a superior high-speed cable connection."

In the May 25th edition of DSLreports.com, Shaw@Home was ranked number one in the world in terms of performance among 65 high-speed Internet service providers. The industry rated Shaw@Home as a four and a half stars out of five in terms of overall customer satisfaction. The report also listed other Canadian cable and telco providers of high-speed Internet.

Shaw has identified, Nancy Barrett of Vancouver, B.C. as the 500,000th customer to sign up to Shaw@Home. "I have heard such amazing stories from friends about how incredible Shaw@Home is compared to other high-speed Internet services, I could hardly wait to get it,' Barrett said. "They said, don't bother going online unless you have Shaw@Home to get you where you need to go." To recognize Nancy Barrett as the 500,000th customer, Shaw has awarded her a free year of service. Shaw will be hosting customer appreciation events across Western Canada all summer as a thank you to customers.

On a per capita basis, Shaw@Home is the most popular high-speed Internet service in North America. Within Shaw's own base of 2.2 million cable customers, almost one in four also subscribe to Shaw@Home. More than 70 per cent of our customers hear about Shaw@Home as a positive referral from another customer. Shaw has a Friend-Get-A-Friend Program that allows current customers to earn a free month of service for every referral that signs up to Shaw@Home.

Shaw has invested heavily to deliver on its commitments and to keep pace with growing customer demand. Over the past year, Shaw has committed over $330 million to improve the speed and performance of its Internet service. Investments included:

-- $56 million for network upgrades and expansion, including six regional
Internet Data Centres (Calgary, Victoria, Vancouver, Kelowna, Edmonton and
Winnipeg); and

-- $274 million to develop its own Internet backbone and fiber optic network
between major cities.

"Reaching the 500,000 customer mark also validates our Internet infrastructure and business as a core revenue stream to our distribution business," added Bissonnette.

Shaw@Home customers receive numerous benefits, including technical support available anytime from staff that ranked as the most knowledgeable among North American cable Internet providers. Flexibility is another benefit of the service; every Shaw@Home account includes seven e-mail addresses, 70 megabytes of personal web space and the ability to connect five computers to one cable modem. Installation is also included and handled by a professional technician who provides a helpful demonstration as part of the service.

Further, Shaw@Home provides excellent value for $39.95 per month, including modem rental and installation. The service can also be bundled with existing Shaw cable television service for even greater value. There are no long term contracts or obligations and the first month of service is provided at no cost. The Total Entertainment Package which bundles Shaw@Home and Digital Cable service for $84.95/month has been very popular with customers.

Full details on Shaw@Home service are available at www.shaw.ca or by calling 1-888-467-6990.

Shaw Communications Inc. is a diversified Canadian communications company whose core business is providing satellite, broadband cable television and Internet services to approximately 2.8 million customers. Shaw also has significant interests in interactive television, e-commerce and telecommunications companies. Shaw is traded on the Toronto and New York stock exchanges (Symbol: TSE - SJR.B, NYSE - SJR)