 CALGARY, Alberta, May 28, 2021 GLOBE NEWSWIRE -- 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 Companys 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. 