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RATE RESET CLASS 2 PREFERRED SHARES, SERIES A, AND CUMULATIVE REDEEMABLE FLOATING RATE CLASS 2 PREFERRED SHARES, SERIES B Calgary, Alberta (May 28, 2021) - Shaw Communications Inc. ( Shaw or the Company ) announced today that it intends to redeem all of its issued and outstanding Cumulative Redeemable Rate Reset Class 2 Preferred Shares, Series A (the Series A Shares ) and Cumulative Redeemable Floating Rate Class 2 Preferred Shares, Series B (the Series B Shares , and together with the Series A Shares, the Preferred Shares ) in accordance with their terms (as set out in the Company s articles) on June 30, 2021 (the Redemption Date ) at a price equal to $25.00 per Preferred Share (the Redemption Price ), less any tax required to be deducted or withheld. The aggregate Redemption Price payable by Shaw to redeem the Preferred Shares will be $300 million. ....