First Quarter 2014

Investor Conference Call

January 14, 2014

1:30pm MT/3:30pm ET

Forward Looking Information Disclaimer

Statements included in this presentation that
are not historic (including those showing "2014 Free Cash Flow Guidance") constitute forward-looking statements. Forward- looking statements are based on assumptions and involve risks and other factors which may cause actual results to be materially different from views expressed or implied by such statements. Accordingly, forward-looking statements are not guaranteed and undue reliance should not be placed on them. Material risks and other factors that could cause actual results to differ materially from the views expressed in forward-looking statements and material assumptions underlying forward- looking statements are identified in the Company's Management's Discussion and Analysis ("MD&A") for fiscal
2013 and for Q1 2014 which have been filed with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission.

Q1 2014 Financial Results

$1,319

$601

Q1 Results

$1,362

+3%

$608

+2%

Cable Revenue

+3.2%

Satellite Revenue

+2.1%

Media Revenue

Q1 F13

EBITD A Revenue

Q1 F14

+2.1%

Q1/14 Consolidated revenue and EBITDA up over 3% and 2% after

adjusting for the net impact of acquisition/dispositions

EBITDA is referred to as "operating income before amortization" which is defined and discussed under "Key Performance Drivers" in the MD&A Q1/13 results include Hamilton but not Envision contribution

2

Board Approves 8% Dividend Increase

Annual Dividend

8%

5%

$0.88

5%

$0.92

5%

$0.97

5%

$1.02

$1.10

2010

2011

2012

2013

2014

Consistent Dividend Growth

in line with Board target of 5% - 10%

Dividend/share is as at the end of each fiscal year based on the Board approved amount. For details about the "actual" dividend paid during the year, please refer to the annual report.

3

WiFi Footprint Continues to Grow

Access Points

+30K

Key agreement with municipalities

such as The City of Calgary

4

Shaw GO

TV Everywhere Strategy and Best Content

TV Everywhere delivers innovation, choice and

value to our customers & viewers

5

Managing for Our Future…

Exceptional Customer Experience

Leading

Technology

Customer

Profitability

Operational

Efficiencies

Continue to invest in our service reputation

+30K WiFi points Shaw Go apps Launched Anik G1

Disciplined pricing and promotion strategies

Maintained pricing discipline in Q1/14 (48% cable margin)

8% Dividend Increase

F14 FCF guidance of

$625-$650M

6

Thank you.

Questions?

Please contact investor.relations@sjrb.ca

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