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Shaw Provides Dividend Rate Notice for Cumulative Redeemable Floating Rate Class 2 Preferred Shares, Series B

CALGARY, ALBERTA--(Marketwired - Feb 28, 2017) - Shaw Communications Inc. ("Shaw") (TSX:SJR.B)(SJR-PA.TO)(SJR-PB.TO)(SJR)(TSX VENTURE:SJR.A) announced today that it has given the registered shareholders of its Cumulative Redeemable Floating Rate Class 2 Preferred Shares, Series B (the "Series B Shares") notice of dividend rates.

Effective March 31, 2017, the Floating Quarterly Dividend for the Series B Shares was set for the fourth Quarterly Floating Rate Period (being the period from and including March 31, 2017 to, but excluding, June 30, 2017) at 2.480%. The Floating Quarterly Dividend Rate will be reset every quarter.

The Series B Shares are listed on the Toronto Stock Exchange under the ticker symbol SJR.PR.B.

For more information on the terms of, and risks associated with an investment in, the Series B Shares, see Shaw's prospectus supplement dated May 20, 2011 which is available on sedar.com

About Shaw Communications Inc.

Shaw is an enhanced connectivity provider. Our Consumer division serves consumers with broadband Internet, Shaw Go WiFi, video and digital phone. Our Wireless division provides wireless voice and data services through an expanding and improving mobile wireless network infrastructure. The Business Network Services division provides business customers with Internet, data, WiFi, telephony, video and fleet tracking services. The Business Infrastructure Services division, through ViaWest, provides hybrid IT solutions including colocation, cloud computing and security and compliance for North American enterprises.

Shaw is traded on the Toronto and New York stock exchanges and is included in the S&P/TSX 60 Index (Symbol: TSX - SJR.B, SJR.PR.A, SJR.PR.B, NYSE - SJR, and TSXV - SJR.A). For more information, please visit www.shaw.ca.