 CALGARY, Alberta, June 30, 2021 GLOBE NEWSWIRE -- Shaw Communications Inc. Shaw or the Company announces consolidated financial and operating results for the quarter ended May 31, 2021. Consolidated revenue increased by 4.8 to 1.38 billion, adjusted EBITDA1 increased 5.4 year-over-year to 642 million and net income increased 92.4 to 354 million. Third quarter results include incremental Wireline Consumer revenue of approximately 20 million related to the release of a provision following the Canadian Radio-television and Telecommunications Commission CRTC decision on final aggregated Third Party Internet Access TPIA rates, substantially offset by approximately 25 million higher employee related costs primarily driven by equity-based compensation due to the significant increase in Shaws share price and adjustments to employee benefit provisions. Excluding the aforementioned items, consolidated revenue and adjusted EBITDA increased approximately 3.3 and 6.2, respectively. 