An anonymous director reports

SHAW DECLARES DIVIDEND PAYABLE ON PREFERRED SHARES

Shaw Communications Inc.'s board of directors has declared dividends for the three-month period ended Sept. 30, 2020, of 17.444 cents per cumulative redeemable rate reset Class 2 preferred share, Series A, and 14.094 cents per cumulative redeemable floating rate Class 2 preferred share, Series B, payable on Sept. 30, 2020, to holders of record at the close of business on Sept. 15, 2020.

The foregoing dividends are designated as eligible dividends for the purposes of the Income Tax Act (Canada) and any similar provincial legislation.

Shareholders will not be entitled to receive this dividend unless they are holders of record on the record date. There is no entitlement to any dividend prior to such date.

About Shaw Communications Inc.

Shaw Communications is a leading Canadian connectivity company.