##### Table of Contents










---










TABLE OF CONTENTS


|                                                                  |  |  |     | 
|----------------------------------------------------------------- |  |  | --- | 
|CORPORATE STRUCTURE                                               |  |  | 1   | 
|GENERAL DEVELOPMENT OF THE BUSINESS                               |  |  | 2   | 
|1. Cable Division                                                 |  |  | 2   | 
|2. Satellite Division                                             |  |  | 4   | 
|DESCRIPTION OF SHAWS BUSINESSES                                  |  |  | 5   | 
|1. Cable Division                                                 |  |  | 5   | 
|2. Satellite Division                                             |  |  | 13  | 
|3. Additional Information Concerning
    Shaws Businesses        |  |  | 16  | 
|4. Risk Factors                                                   |  |  | 16  | 
|CANADIAN REGULATORY ENVIRONMENT                                   |  |  | 17  | 
|1. Overview                                                       |  |  | 17  | 
|2. Cable Television                                               |  |  | 17  | 
|3. Internet Access                                                |  |  | 20  | 
|4. Digital Phone                                                  |  |  | 20  | 
|5. Internet Infrastructure                                        |  |  | 21  | 
|6. Satellite                                                      |  |  | 21  | 
|7. Other Regulatory Matters                                       |  |  | 22  | 
|CAPITAL STRUCTURE, DIVIDENDS AND RELATED
    MATTERS              |  |  | 24  | 
|1. Description of Capital Structure                               |  |  | 24  | 
|2. Dividends                                                      |  |  | 28  | 
|3. Ratings                                                        |  |  | 30  | 
|4. Market for Securities                                          |  |  | 31  | 
|DIRECTORS AND OFFICERS                                            |  |  | 34  | 
|1. Directors as of November 29,
    2005                          |  |  | 34  | 
|2. Board Committee Members                                        |  |  | 35  | 
|3. Executive Officers as of
    November 29, 2005                 |  |  | 36  | 
|4. Shareholdings of Directors and Executive
    Officers          |  |  | 36  | 
|5. Additional Disclosure for Directors and
    Executive Officers |  |  | 37  | 
|AUDIT COMMITTEE                                                   |  |  | 37  | 
|1. Audit Committee Charter                                        |  |  | 37  | 
|2. Audit Committee Composition and
    Background                 |  |  | 37  | 
|3. Audit Fees                                                     |  |  | 38  | 
|LEGAL PROCEEDINGS                                                 |  |  | 39  | 
|REGISTRAR AND TRANSFER AGENT                                      |  |  | 39  | 
|INTERESTS OF EXPERTS                                              |  |  | 39  | 
|ADDITIONAL INFORMATION                                            |  |  | 39  | 
|SCHEDULE A (AUDIT COMMITTEE CHARTER)                              |  |  | A-1 | 



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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005





CORPORATE STRUCTURE


Shaw Corporation


Business
Corporations Act Business
Corporations Act rd




|                                            |  |              |         |  |                      |  |                                   | 
|------------------------------------------- |  | ------------ | ------- |  | -------------------- |  | --------------------------------- | 
|Entity                                      |  | Jurisdiction |         |  | Nature of Operations | 
|                                            |  |              |         |  |                      | 
|Shaw Cablesystems Limited                   |  |              | Federal |  |                      |  | Television Distribution Services  | 
|Shaw Cablesystems G.P.(2)                   |  |              | Alberta |  |                      |  | Television Distribution Services, | 
|                                            |  |              |         |  |                      |  | Internet Services                 | 
|Videon Cablesystems Inc.                    |  |              | Federal |  |                      |  | Television Distribution Services  | 
|Shaw Telecom Inc.                           |  |              | Alberta |  |                      |  | Telecommunications Services       | 
|Big Pipe Inc.                               |  |              | Alberta |  |                      |  | Telecommunications Services       | 
|Canadian Satellite Communications Inc.      |  |              | Federal |  |                      |  | Satellite Services                | 
|Star Choice Communications Inc.             |  |              | Federal |  |                      |  | Satellite Services                | 
|Star Choice Television Network Incorporated |  |              | Federal |  |                      |  | Satellite Services                | 
|Star Choice Satellite T.V. Inc.             |  |              | Federal |  |                      |  | Satellite Services                | 

Notes:




|    |                                                                                                                                                                                                                                                                                                                                                                                                   
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | The above table lists subsidiaries of Shaw in accordance with
    Multilateral Instrument 51-102, as well as certain other
    entities owned or controlled, directly or indirectly, by Shaw.                                                                                                                                                                                                     
|   
|(2) | Shaw Cablesystems G.P. is a partnership of Shaw Communications
    Inc., Shaw Cablesystems Limited, Shaw Cablesystems
    (SBC) Ltd., Shaw Cablesystems (SMB) Limited, Shaw
    Cablesystems (SSK) Limited, Prairie Co-Ax TV Limited,
    Videon Cablesystems Inc. (Videon) and
    certain other subsidiaries of Shaw formed to operate the cable
    television systems owned by the partners.



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##### Table of Contents






SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005





GENERAL DEVELOPMENT OF THE BUSINESS











|   |               
|-- | --------------
|1. | Cable Division





|    |                 
|--- | ----------------
|(a) | Cable Television



|    |        
|--- | -------
|(i) | General

(CRTC)






|     |                              
|---- | -----------------------------
|(ii) | Acquisitions and Dispositions







| |   |                                                                                                                                                                                                       
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Acquisition of Assets of Monarch Cablesystems Ltd.
    Effective March 31, 2004, Shaw acquired certain assets of
    Monarch Cablesystems Ltd. for a base purchase price of
    $90 million, including

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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005




| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |   | $25 million cash and the balance through the issuance of
    Class B Non-Voting Shares of Shaw at $17.39 per share.
    The cable systems acquired by Shaw serve approximately 40,000
    basic subscribers in the Medicine Hat (Medicine Hat, Taber,
    Brooks) and Canmore (Canmore, Banff, Lake Louise) regions in
    Alberta and in southern British Columbia (Hope, Fernie,
    Kimberley). Monarch is controlled by Willard H. Yuill, a
    director of the Corporation. The acquisition of the assets of
    Monarch was approved by independent and disinterested directors
    of the Corporation.
|
| |  | Disposition of United States Systems. Effective
    June 30, 2003, Shaw sold its cable systems in Florida and
    Texas to Bright House Networks, LLC and Cequel III LLC
    respectively, for gross proceeds of approximately
    U.S. $188.5 million. The systems together served
    approximately 73,000 cable television subscribers.                                                                                                                                                                                                                                                                   



|    |                
|--- | ---------------
|(b) | Internet Access



tm tm








|    |              
|--- | -------------
|(c) | Digital Phone

tm




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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005






|    |                                   
|--- | ----------------------------------
|(d) | Internet Infrastructure (Big Pipe)

Big Pipe


(Group Telecom)









|   |                   
|-- | ------------------
|2. | Satellite Division

(Cancom) (Star
Choice) (DTH)








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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005







DESCRIPTION OF SHAWS BUSINESSES









|   |               
|-- | --------------
|1. | Cable Division



|    |                 
|--- | ----------------
|(a) | Cable Television



|    |        
|--- | -------
|(i) | General







|     |              
|---- | -------------
|(ii) | Cable Network

(DCTs)


(VOD) (HDTV)




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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005






|      |                           
|----- | --------------------------
|(iii) | Cable Television Offerings



Basic Cable and Extended Tiers






Digital Cable










Pay Television and Pay-Per-View






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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005




Video-on-Demand (VOD)






(SVOD)


Bundling of Services








New Video Services




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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005








|     |            
|---- | -----------
|(iv) | Competition



(MDS)


Radiocommunication Act Radiocommunication Act




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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005










|    |                
|--- | ---------------
|(b) | Internet Access



|    |        
|--- | -------
|(i) | General



tm


tm tm tm


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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005


tm










|     |        
|---- | -------
|(ii) | Network









|      |            
|----- | -----------
|(iii) | Competition





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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005




(DSL)








|    |              
|--- | -------------
|(c) | Digital Phone



|    |        
|--- | -------
|(i) | General

tm


tm tm (softswitch)




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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005




|     |            
|---- | -----------
|(ii) | Competition

(ILECs) (VoIP)






|    |                                   
|--- | ----------------------------------
|(d) | Internet Infrastructure (Big Pipe)



|    |        
|--- | -------
|(i) | General







|     |                 
|---- | ----------------
|(ii) | Big Pipe Network





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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005








|      |            
|----- | -----------
|(iii) | Competition








|   |                   
|-- | ------------------
|2. | Satellite Division



|    |        
|--- | -------
|(a) | General





| |                                                                                                                                                               
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (i) Star Choice DTH  distribution of
    digital video and audio programming services via direct-to-home
    satellite to Canadian residences and businesses;
|
| | (ii) Satellite Distribution Services:                                                                                                                         



| |                                                                                                                                                                                                                                    
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (A) Cancom Broadcast Solutions  uplink
    and redistribution of television and radio signals via satellite
    to cable operators and other distributors, and related network
    services; and                                  
|
| | (B) Cancom Tracking Solutions  provision
    of satellite tracking and messaging services to the Canadian
    trucking industry, and integration and management of satellite
    data networks with land-based telecommunications.



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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005




|    |                  
|--- | -----------------
|(b) | Satellite Network



|                                           |  |                     |  |                 
|------------------------------------------ |  | ------------------- |  | ----------------
|                                           |  |                     |  | Nature of Cancom
|Satellite                                  |  | Transponders        |  | Interest        
|                                           |  |                     |  |                 
|Anik F2                                    |  | 18 Ku-band          |  | Owned           
|                                           |  | 1 Ku-band           |  | Leased          
|Anik F1R(1)                                |  | 28 Ku-band          |  | Leased          
|Intelsat 1A5 (formerly known as Telstar 5) |  | 1 Ku-band (partial) |  | Leased          

Note:




|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Anik F1R was launched on September 9, 2005 and went into
    commercial service effective October 3, 2005. North
    American traffic on the Anik F1 satellite, including traffic
    relating to Star Choices DTH service, was then transferred
    from Anik F1 to Anik F1R. The Corporation has a service
    arrangement with Telesat Canada for the capacity on Anik F1R
    which has the same substantive benefits and obligations as on
    Anik F1. The Anik F1R arrangements expire in February, 2016
    which was the originally expected end-of- service life for Anik
    F1.



|    |                     
|--- | --------------------
|(c) | Satellite Businesses



|    |                
|--- | ---------------
|(i) | Star Choice DTH



i.e.






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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005




(DVR)




|     |                                
|---- | -------------------------------
|(ii) | Satellite Distribution Services

Cancom Broadcast Solutions




(SRDU)





Cancom Tracking Solutions






|    |            
|--- | -----------
|(d) | Competition



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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005











|   |                                                    
|-- | ---------------------------------------------------
|3. | Additional Information Concerning Shaws Businesses



|    |                                    
|--- | -----------------------------------
|(a) | Seasonality and Customer Dependency







|    |                      
|--- | ---------------------
|(b) | Environmental Matters





|    |                   
|--- | ------------------
|(c) | Foreign Operations







|    |          
|--- | ---------
|(d) | Employees








|   |             
|-- | ------------
|4. | Risk Factors



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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005







CANADIAN REGULATORY ENVIRONMENT







|   |         
|-- | --------
|1. | Overview

(BDUs)


Broadcasting Act Telecommunications Act Copyright Act Radiocommunication Act Radiocommunication Act Telecommunications Act







|   |                 
|-- | ----------------
|2. | Cable Television



|    |        
|--- | -------
|(a) | General

Broadcasting Regulations




e.g.






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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005






|    |          
|--- | ---------
|(b) | Licensing







|    |                 
|--- | ----------------
|(c) | Canadian Content











|    |                              
|--- | -----------------------------
|(d) | Digital Broadcasting Services



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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005








|    |                
|--- | ---------------
|(e) | Rate Regulation













|    |              
|--- | -------------
|(f) | Access Rights

Telecommunications Act




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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005






Telecommunications Act







|   |                
|-- | ---------------
|3. | Internet Access

Broadcasting Act


Telecommunications Act









|   |              
|-- | -------------
|4. | Digital Phone

Telecommunications Act (CLEC)


Telecommunications Act


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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005


Telecommunications Act













|   |                        
|-- | -----------------------
|5. | Internet Infrastructure

Telecommunications Act









|   |          
|-- | ---------
|6. | Satellite



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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005




|    |    
|--- | ---
|(a) | DTH

(SCTN)


Broadcasting Act




|    |     
|--- | ----
|(b) | SRDU

Broadcasting Act









|   |                         
|-- | ------------------------
|7. | Other Regulatory Matters



|    |                                                   
|--- | --------------------------------------------------
|(a) | Restrictions on Non-Canadian Ownership and Control

Order i.e. Broadcasting Act 1 3 1 3 Broadcasting Act


Telecommunications


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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005


Telecommunications 2 3








|    |          
|--- | ---------
|(b) | Copyright

Copyright Act


Copyright Act




|    |                
|--- | ---------------
|(c) | Radio Apparatus

Radiocommunication Act


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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005





CAPITAL STRUCTURE, DIVIDENDS AND RELATED MATTERS







|   |                                 
|-- | --------------------------------
|1. | Description of Capital Structure



|    |        
|--- | -------
|(a) | General





|    |                                                 
|--- | ------------------------------------------------
|(b) | Class A Shares and Class B Non-Voting
    Shares



|    |                                    
|--- | -----------------------------------
|(i) | Authorized Number of Class A Shares





|     |              
|---- | -------------
|(ii) | Voting Rights





|      |          
|----- | ---------
|(iii) | Dividends





|     |                      
|---- | ---------------------
|(iv) | Rights on Liquidation



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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005






|    |                     
|--- | --------------------
|(v) | Conversion Privilege





| |                                                                                                                                                                                                                                                                                                            
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Class A Offerormeans a person or
    company that makes an offer to purchase Class A Shares (the
    bidder), and includes any associate or affiliate of
    the bidder or any person or company that is disclosed in the
    offering document to be acting jointly or in concert with the
    bidder;
|
| | Conversion Periodmeans the period of time
    commencing on the eighth day after the Offer Date and
    terminating on the Expiry Date;                                                                                                                                                                  
|
| | Exclusionary Offermeans an offer to purchase
    Class A Shares that:                                                                                                                                                                                                                                    



| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (A) must, by reason of applicable securities legislation or
    the requirements of a stock exchange on which the Class A
    Shares are listed, be made to all or substantially all holders
    of Class A Shares who are residents of a province of Canada
    to which the requirement applies; and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|
| | (B) is not made concurrently with an offer to purchase
    Class B Non-Voting Shares that is identical to the offer to
    purchase Class A Shares in terms of price per share and
    percentage of outstanding shares to be taken up exclusive of
    shares owned immediately prior to the offer by the Class A
    Offeror, and in all other material respects (except with respect
    to the conditions that may be attached to the offer for
    Class A Shares), and that has no condition attached other
    than the right not to take up and pay for shares tendered if no
    shares are purchased pursuant to the offer for Class A
    Shares, and for the purposes of this definition if an offer to
    purchase Class A Shares is not an Exclusionary Offer as
    defined above but would be an Exclusionary Offer if it were not
    for this sub-clause (B), the varying of any term of such
    offer shall be deemed to constitute the making of a new offer
    unless an identical variation concurrently is made to the
    corresponding offer to purchase Class B Non-Voting Shares;



| |                                                                                                            
| | -----------------------------------------------------------------------------------------------------------
| | Expiry Datemeans the last date upon which
    holders of Class A Shares may accept an Exclusionary Offer;
|
| | Offer Datemeans the date on which an
    Exclusionary Offer is made; and                                 
|
| | Transfer Agentmeans the transfer agent for
    the time being of the Class A Shares.                     





| |                                                                                                                                                                                                                                                                                                                                                                                                                                               
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (A) prior to the time at which the offer is made there is
    delivered to the Transfer Agent and to the Secretary of Shaw a
    certificate or certificates signed by or on behalf of one or
    more shareholders of Shaw owning in the aggregate, as at the
    time the Exclusionary Offer is made, more than 50% of the then
    outstanding Class A Shares, exclusive of shares owned
    immediately prior to the Exclusionary Offer by

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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005




| |                                                                                                                                                     
| | ----------------------------------------------------------------------------------------------------------------------------------------------------
| | the Class A Offeror, which certificate or certificates
    shall confirm, in the case of each such shareholder, that such
    shareholder shall not:



| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | a. tender any shares in acceptance of any Exclusionary
    Offer without giving the Transfer Agent and the Secretary of
    Shaw written notice of such acceptance or intended acceptance at
    least seven days prior to the Expiry Date;                                                                                                                                                                                                                                                  
|
| | b. make any Exclusionary Offer;                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|
| | c. act jointly or in concert with any person or company
    that makes any Exclusionary Offer; or                                                                                                                                                                                                                                                                                                                                                                                            
|
| | d. transfer any Class A Shares, directly or
    indirectly, during the time at which any Exclusionary Offer is
    outstanding without giving the Transfer Agent and the Secretary
    of Shaw written notice of such transfer or intended transfer at
    least seven days prior to the Expiry Date, which notice shall
    state, if known to the transferor, the names of the transferees
    and the number of Class A Shares transferred or to be
    transferred to each transferee; or



| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (B) as of the end of the seventh day after the Offer Date
    there has been delivered to the Transfer Agent and to the
    Secretary of Shaw a certificate or certificates signed by or on
    behalf of one or more shareholders of Shaw owning in the
    aggregate more than 50% of the then outstanding Class A
    Shares, exclusive of shares owned immediately prior to the
    Exclusionary Offer by the Class A Offeror, which
    certificate or certificates shall confirm, in the case of each
    such shareholder:



| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | a. the number of Class A Shares owned by the
    shareholder;                                                                                                                                                                                                                                                                                                                                                                                                                          
|
| | b. that such shareholder is not making the offer and is not
    an associate or affiliate of, or acting jointly or in concert
    with, the person or company making the offer;                                                                                                                                                                                                                                                                                                        
|
| | c. that such shareholder shall not tender any shares in
    acceptance of the offer, including any varied form of the offer,
    without giving the Transfer Agent and the Secretary of Shaw
    written notice of such acceptance or intended acceptance at
    least seven days prior to the Expiry Date; and                                                                                                                                                                        
|
| | d. that such shareholder shall not transfer any
    Class A Shares, directly or indirectly, prior to the Expiry
    Date without giving the Transfer Agent and the Secretary of Shaw
    written notice of such transfer or intended transfer at least
    seven days prior to the Expiry Date, which notice shall state,
    if known to the transferor, the names of the transferees and the
    number of Class A Shares transferred or to be transferred
    to each transferee; or



| |                                                                                                                                                                                                                                                                                                                                                                                                                                        
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (C) as of the end of the seventh day after the Offer Date,
    a combination of certificates that comply with either
    clause (a) or (b) from shareholders of Shaw owning in
    the aggregate more than 50% of the then outstanding Class A
    Shares, exclusive of shares owned immediately prior to the
    Exclusionary Offer by the Class A Offeror, has been
    delivered to the Transfer Agent and to the Secretary of Shaw.



|     |             
|---- | ------------
|(vi) | Modification



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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005




|      |                  
|----- | -----------------
|(vii) | Offer to Purchase





|       |           
|------ | ----------
|(viii) | Redemption





|    |                         
|--- | ------------------------
|(c) | Class 1 Preferred Shares







|    |                         
|--- | ------------------------
|(d) | Class 2 Preferred Shares





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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005




|    |                  
|--- | -----------------
|(e) | Share Constraints








|   |          
|-- | ---------
|2. | Dividends



|    |                
|--- | ---------------
|(a) | Dividend Policy







|    |                                     
|--- | ------------------------------------
|(b) | Distribution Rates and Payment Dates



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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005


Fiscal 2005 Distribution Rates and Payment Dates


|                             |                   |                   |           |       |               |  |                                                          |  | 
|---------------------------- | ----------------- | ----------------- | --------- | ----- | ------------- |  | -------------------------------------------------------- |  | 
|Security                     |                   | Distribution Rate |           |       | Payment Dates | 
|                             |                   |                   |           |       |               | 
|Class A Shares(1)            |                   | $                 | 0.06875   |       |               |  | September 30, 2004                                       | 
|                             |                   | $                 | 0.06875   |       |               |  | January 2, 2005                                          | 
|                             |                   | $                 | 0.0229167 |       |               |  | March 31, 2005                                           | 
|                             |                   | $                 | 0.0229167 |       |               |  | April 30, 2005                                           | 
|                             |                   | $                 | 0.0229167 |       |               |  | May 31, 2005                                             | 
|                             |                   | $                 | 0.0329167 |       |               |  | June 30, 2005                                            | 
|                             |                   | $                 | 0.0329167 |       |               |  | July 29, 2005                                            | 
|                             |                   | $                 | 0.0329167 |       |               |  | August 31, 2005                                          | 
|Class B Non-Voting Shares(1) |                   | $                 | 0.07      |       |               |  | September 30, 2004                                       | 
|                             |                   | $                 | 0.07      |       |               |  | January 2, 2005                                          | 
|                             |                   | $                 | 0.0233333 |       |               |  | March 31, 2005                                           | 
|                             |                   | $                 | 0.0233333 |       |               |  | April 30, 2005                                           | 
|                             |                   | $                 | 0.0233333 |       |               |  | May 31, 2005                                             | 
|                             |                   | $                 | 0.0333333 |       |               |  | June 30, 2005                                            | 
|                             |                   | $                 | 0.0333333 |       |               |  | July 29, 2005                                            | 
|                             |                   | $                 | 0.0333333 |       |               |  | August 31, 2005                                          | 
|Preferred Securities:        |                   |                   |           |       |               |  |                                                          | 
|                             | 8.45% Series A(2) |                   |           | 8.45  | %             |  | Quarterly  March 31, June 30, September 30, December 31
|                             | 8.54% Series B    |                   |           | 8.54  | %             |  | Semi-annually  March  31 and September 30              
|                             | 8.50% Series(3)   |                   |           | 8.50  | %             |  | Quarterly  March 31, June 30, September 30, December 31
|                             | 8.875% Series     |                   |           | 8.875 | %             |  | Quarterly  March 31, June 30, September 30, December 31

Notes:




|    |                                                                                                                                                                                                                     
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | In March, 2005, the Corporation commenced paying dividends on
    the Class A Shares and Class B Non-Voting Shares on a
    monthly basis. Prior thereto, dividends were declared and paid
    on a quarterly basis.
|   
|(2) | The 8.45% Series A Preferred Securities were redeemed by
    the Corporation effective February 1, 2005.                                                                                                            
|   
|(3) | On November 2, 2005, the Corporation announced that it
    would redeem its 8.50% Series Preferred Securities
    effective December 16, 2005.                                                                      

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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005


Effective Annual Dividend Payments (Fiscal 2003 
Fiscal 2005)


|                                 |  |             |       |  |             |   |        |             |  |   |       | 
|-------------------------------- |  | ----------- | ----- |  | ----------- | - | ------ | ----------- |  | - | ----- | 
|Class of Shares                  |  | Fiscal 2005 |       |  | Fiscal 2004 |   |        | Fiscal 2003 | 
|                                 |  |             |       |  |             |   |        |             | 
|Class A Participating            |  | $           | 0.305 |  |             | $ | 0.0155 |             |  | $ | 0.045 | 
|Class B Non-Voting Participating |  | $           | 0.31  |  |             | $ | 0.160  |             |  | $ | 0.050 | 






|   |        
|-- | -------
|3. | Ratings

(COPrS) (DBRS) (S&P) (Moodys)


|                                     |  |            |           |  |           |  |     |               |  |  |     | 
|------------------------------------ |  | ---------- | --------- |  | --------- |  | --- | ------------- |  |  | --- | 
|Security                             |  | DBRS(1)(2) |           |  | S&P(3)(4) |  |     | Moodys(5)(6) | 
|                                     |  |            |           |  |           |  |     |               | 
|Senior Notes                         |  |            | BB (high) |  |           |  | BB+ |               |  |  | Ba2 | 
|Senior Unsecured Debentures  Videon |  |            | BB (high) |  |           |  | BB+ |               |  |  |    | 
|COPrS (Preferred Securities)         |  |            | Pfd-4 y   |  |           |  | B+  |               |  |  | Ba3 | 

Notes:




|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | DBRS credit ratings are on a long-term debt rating scale
    that ranges from AAA to D, which represents the range from
    highest to lowest quality of such securities rated. A rating of
    BB by DBRS is the fifth highest of ten categories and is
    assigned to debt securities considered to be speculative. The
    assignment of a (high) or (low) modifier
    within each rating category indicates relative standing within
    such category. The high and low grades
    are not used for the AAA category.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   
|(2) | DBRS rating of securities and preferred shares is on a
    rating scale that ranges from a high of Pfd-1 to a low of Pfd-5.
    The y modifier is used to indicate a hybrid
    security. DBRS also applies modifiers high,
    medium, and low which indicate where the
    obligation ranks in its generic rating category.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   
|(3) | S&Ps credit ratings are on a long-term debt rating
    scale that ranges from AAA to D, which represents the range from
    highest to lowest quality of such securities rated. A rating of
    BB by S&P is the fifth highest of eleven categories.
    According to the S&P rating system, debt securities rated BB
    have significant speculative characteristics but are less
    vulnerable in the near term than other lower rated obligations.
    However, an obligor rated BB faces major ongoing uncertainties
    and exposure to adverse business, financial or economic
    conditions which could lead to the obligors inadequate
    capacity to meet its financial commitments. A rating of B by
    S&P is the sixth highest of eleven categories. According to
    the S&P rating system, an obligation rated B is
    more vulnerable to nonpayment than obligations rated
    BB, but the obligor currently has the capacity to
    meet its financial commitment on the obligation. Adverse
    business, financial, or economic conditions will likely impair
    the obligors capacity or willingness to meet its financial
    commitment on the obligation. The addition of a plus (+) or
    minus (-) designation after a rating indicates the relative
    standing within a particular rating category.
|   
|(4) | S&P rates preferred shares using categories from a high of
    P-1 to a low of P-5. Preferred
    securities are rated using long-term debt rating scale that
    ranges from a high of AAA to a low of D.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   
|(5) | Moodys credit ratings are on a long-term debt rating scale
    that ranges from Aaa to C, which represents the range from
    highest to lowest quality of such securities rated. A rating of
    Ba is the fifth highest of nine categories and denotes
    obligations judged to have speculative elements and which are
    subject to substantial credit risk. The addition of a 1, 2
    or 3 modifier after a rating indicates the relative standing
    within a particular rating category. The modifier 1 indicates
    that the issue ranks in the higher end of its                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              

30



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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005




|    |                                                                                                                                                                                                                                                                                                                                               
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    | generic rating category, the modifier 2 indicates a mid-range
    ranking and the modifier 3 indicates that the issue ranks in the
    lower end of its generic rating category.                                                                                                                                                              
|   
|(6) | Moodys rates securities and shares by rating categories
    from a high of Aaa to a low of C.
    Moodys applies modifiers 1, 2 and 3, which
    indicate where the obligation ranks in its generic rating
    category. Modifier 1 is higher end, modifier 2 is mid-range and
    modifier 3 is low end of the generic rating category.








|   |                      
|-- | ---------------------
|4. | Market for Securities



|    |             
|--- | ------------
|(a) | Marketplaces



|                                        |  |          |                         |  |        |  |          |              |  |  |           | 
|--------------------------------------- |  | -------- | ----------------------- |  | ------ |  | -------- | ------------ |  |  | --------- | 
|Security                                |  | Exchange |                         |  | Symbol |  |          | CUSIP Number | 
|                                        |  |          |                         |  |        |  |          |              | 
|Class A Participating Shares            |  |          | TSX Venture Exchange    |  |        |  | SJR.A    |              |  |  | 82028K101 | 
|Class B Non-Voting Participating Shares |  |          | Toronto Stock Exchange  |  |        |  | SJR.NV.B |              |  |  | 82028K200 | 
|                                        |  |          | New York Stock Exchange |  |        |  | SJR      |              |  |  | 82028K200 | 
|8.50% Series Preferred Securities(1)    |  |          | New York Stock Exchange |  |        |  | SJRPRB   |              |  |  | 82028K705 | 
|8.875% Series Preferred Securities      |  |          | Toronto Stock Exchange  |  |        |  | SJR.PR.A |              |  |  | 82028K804 | 

Note:




|    |                                                                                                                                               
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------
|(1) | On November 2, 2005, the Corporation announced that it
    would redeem its 8.50% Series Preferred Securities
    effective December 16, 2005.

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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005




|    |                         
|--- | ------------------------
|(b) | Trading Price and Volume



|               |         |  |        |                  |  |  |          |       |  |            |           |       |     |  |         |            |  |  |           |       |  |  |        |       |  |  |         |       | 
|-------------- | ------- |  | ------ | ---------------- |  |  | -------- | ----- |  | ---------- | --------- | ----- | --- |  | ------- | ---------- |  |  | --------- | ----- |  |  | ------ | ----- |  |  | ------- | ----- | 
|               |         |  |        | TSX Venture  C$ |  |  | TSX  C$ |       |  | NYSE  US$ |          
|               |         |  |        |                  |  |  |          |       |  |            |          
|               |         |  |        | SJR.A            |  |  | SJR.B(2) |       |  | SJR.PR.A   |           |       | SJR |  |         | SJR PrA(3) |  |  | SJR PrB   |      
|               |         |  |        |                  |  |  |          |       |  |            |           |       |     |  |         |            |  |  |           |      
|September 2004 |         |  | High   |                  |  |  | 26.00    |       |  |            | 21.54     |       |     |  | 26.31   |            |  |  | 16.80     |       |  |  | 25.75  |       |  |  | 25.68   |      
|               |         |  | Low    |                  |  |  | 20.50    |       |  |            | 20.07     |       |     |  | 25.65   |            |  |  | 15.44     |       |  |  | 25.10  |       |  |  | 25.02   |      
|               | Sept-30 |  |        | Close            |  |  |          | 25.00 |  |            |           | 21.11 |     |  |         | 26.05      |  |  |           | 16.68 |  |  |        | 25.15 |  |  |         | 25.15 | 
|               |         |  | Volume |                  |  |  | 1,785    |       |  |            | 5,610,315 |       |     |  | 76,940  |            |  |  | 1,089,100 |       |  |  | 32,400 |       |  |  | 127,200 |      
|October 2004   |         |  | High   |                  |  |  | 25.00    |       |  |            | 22.55     |       |     |  | 26.25   |            |  |  | 17.72     |       |  |  | 25.55  |       |  |  | 25.45   |      
|               |         |  | Low    |                  |  |  | 25.00    |       |  |            | 20.54     |       |     |  | 25.75   |            |  |  | 16.54     |       |  |  | 25.03  |       |  |  | 25.11   |      
|               | Oct-29  |  |        | Close            |  |  |          | 25.00 |  |            |           | 21.65 |     |  |         | 26.00      |  |  |           | 17.65 |  |  |        | 25.36 |  |  |         | 25.37 | 
|               |         |  | Volume |                  |  |  | 0        |       |  |            | 6,898,894 |       |     |  | 67,725  |            |  |  | 1,765,300 |       |  |  | 27,000 |       |  |  | 33,000  |      
|November 2004  |         |  | High   |                  |  |  | 23.00    |       |  |            | 22.11     |       |     |  | 26.94   |            |  |  | 18.70     |       |  |  | 25.67  |       |  |  | 25.75   |      
|               |         |  | Low    |                  |  |  | 21.50    |       |  |            | 20.84     |       |     |  | 25.80   |            |  |  | 17.25     |       |  |  | 25.35  |       |  |  | 25.26   |      
|               | Nov-30  |  |        | Close            |  |  |          | 22.00 |  |            |           | 21.43 |     |  |         | 26.12      |  |  |           | 18.31 |  |  |        | 25.51 |  |  |         | 25.65 | 
|               |         |  | Volume |                  |  |  | 520      |       |  |            | 7,541,587 |       |     |  | 101,296 |            |  |  | 2,008,700 |       |  |  | 32,200 |       |  |  | 274,100 |      
|December 2004  |         |  | High   |                  |  |  | 26.10    |       |  |            | 22.57     |       |     |  | 26.25   |            |  |  | 18.88     |       |  |  | 25.60  |       |  |  | 26.06   |      
|               |         |  | Low    |                  |  |  | 24.00    |       |  |            | 20.15     |       |     |  | 25.62   |            |  |  | 16.43     |       |  |  | 25.00  |       |  |  | 25.06   |      
|               | Dec-31  |  |        | Close            |  |  |          | 24.00 |  |            |           | 21.93 |     |  |         | 25.90      |  |  |           | 18.29 |  |  |        | 25.25 |  |  |         | 25.40 | 
|               |         |  | Volume |                  |  |  | 1,800    |       |  |            | 6,182,792 |       |     |  | 124,360 |            |  |  | 1,950,100 |       |  |  | 22,500 |       |  |  | 66,700  |      

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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005


|              |        |  |        |                  |  |  |          |       |  |            |            |       |     |  |         |            |  |  |           |       |  |  |       |       |  |  |         |       | 
|------------- | ------ |  | ------ | ---------------- |  |  | -------- | ----- |  | ---------- | ---------- | ----- | --- |  | ------- | ---------- |  |  | --------- | ----- |  |  | ----- | ----- |  |  | ------- | ----- | 
|              |        |  |        | TSX Venture  C$ |  |  | TSX  C$ |       |  | NYSE  US$ |           
|              |        |  |        |                  |  |  |          |       |  |            |           
|              |        |  |        | SJR.A            |  |  | SJR.B(2) |       |  | SJR.PR.A   |            |       | SJR |  |         | SJR PrA(3) |  |  | SJR PrB   |      
|              |        |  |        |                  |  |  |          |       |  |            |            |       |     |  |         |            |  |  |           |      
|January 2005  |        |  | High   |                  |  |  | 24.10    |       |  |            | 22.00      |       |     |  | 25.99   |            |  |  | 18.23     |       |  |  | 25.20 |       |  |  | 25.59   |      
|              |        |  | Low    |                  |  |  | 22.50    |       |  |            | 20.50      |       |     |  | 25.52   |            |  |  | 16.84     |       |  |  | 25.05 |       |  |  | 25.20   |      
|              | Jan-31 |  |        | Close            |  |  |          | 23.50 |  |            |            | 21.46 |     |  |         | 25.60      |  |  |           | 17.36 |  |  |       | 25.10 |  |  |         | 25.50 | 
|              |        |  | Volume |                  |  |  | 47,000   |       |  |            | 5,637,548  |       |     |  | 101,970 |            |  |  | 2,410,700 |       |  |  | Nil   |       |  |  | 78,000  |      
|February 2005 |        |  | High   |                  |  |  | 23.50    |       |  |            | 22.93      |       |     |  | 26.25   |            |  |  | 18.49     |       |  |  | N/A   |       |  |  | 25.65   |      
|              |        |  | Low    |                  |  |  | 21.50    |       |  |            | 21.18      |       |     |  | 25.60   |            |  |  | 17.10     |       |  |  | N/A   |       |  |  | 25.43   |      
|              | Feb-28 |  |        | Close            |  |  |          | 22.00 |  |            |            | 22.61 |     |  |         | 26.20      |  |  |           | 18.37 |  |  |       | N/A   |  |  |         | 25.50 | 
|              |        |  | Volume |                  |  |  | 1,500    |       |  |            | 6,725,450  |       |     |  | 109,568 |            |  |  | 1,308,600 |       |  |  | N/A   |       |  |  | 67,000  |      
|March 2005    |        |  | High   |                  |  |  | 27.00    |       |  |            | 25.41      |       |     |  | 26.45   |            |  |  | 21.09     |       |  |  | N/A   |       |  |  | 25.65   |      
|              |        |  | Low    |                  |  |  | 23.50    |       |  |            | 22.90      |       |     |  | 25.01   |            |  |  | 18.37     |       |  |  | N/A   |       |  |  | 25.03   |      
|              | Mar-31 |  |        | Close            |  |  |          | 27.00 |  |            |            | 24.54 |     |  |         | 25.11      |  |  |           | 20.38 |  |  |       | N/A   |  |  |         | 25.13 | 
|              |        |  | Volume |                  |  |  | 3,500    |       |  |            | 17,902,329 |       |     |  | 110,799 |            |  |  | 1,880,800 |       |  |  | N/A   |       |  |  | 103,700 |      
|April 2005    |        |  | High   |                  |  |  | 27.00    |       |  |            | 24.75      |       |     |  | 25.67   |            |  |  | 20.33     |       |  |  | N/A   |       |  |  | 25.33   |      
|              |        |  | Low    |                  |  |  | 23.50    |       |  |            | 23.44      |       |     |  | 25.15   |            |  |  | 18.89     |       |  |  | N/A   |       |  |  | 25.03   |      
|              | Apr-29 |  |        | Close            |  |  |          | 26.95 |  |            |            | 24.60 |     |  |         | 25.20      |  |  |           | 19.41 |  |  |       | N/A   |  |  |         | 25.27 | 
|              |        |  | Volume |                  |  |  | 1,100    |       |  |            | 17,766,950 |       |     |  | 97,344  |            |  |  | 1,750,400 |       |  |  | N/A   |       |  |  | 46,200  |      
|May 2005      |        |  | High   |                  |  |  | 27.00    |       |  |            | 27.16      |       |     |  | 25.87   |            |  |  | 21.73     |       |  |  | N/A   |       |  |  | 25.59   |      
|              |        |  | Low    |                  |  |  | 25.95    |       |  |            | 24.35      |       |     |  | 25.25   |            |  |  | 19.34     |       |  |  | N/A   |       |  |  | 25.27   |      
|              | May-31 |  |        | Close            |  |  |          | 27.00 |  |            |            | 26.29 |     |  |         | 25.87      |  |  |           | 21.18 |  |  |       | N/A   |  |  |         | 25.48 | 
|              |        |  | Volume |                  |  |  | 600      |       |  |            | 6,576,366  |       |     |  | 57,183  |            |  |  | 1,386,700 |       |  |  | N/A   |       |  |  | 55,000  |      
|June 2005     |        |  | High   |                  |  |  | 27.00    |       |  |            | 27.03      |       |     |  | 25.85   |            |  |  | 21.69     |       |  |  | N/A   |       |  |  | 25.75   |      
|              |        |  | Low    |                  |  |  | 25.50    |       |  |            | 24.90      |       |     |  | 25.13   |            |  |  | 20.24     |       |  |  | N/A   |       |  |  | 25.05   |      
|              | Jun-30 |  |        | Close            |  |  |          | 25.50 |  |            |            | 25.50 |     |  |         | 25.27      |  |  |           | 20.77 |  |  |       | N/A   |  |  |         | 25.21 | 
|              |        |  | Volume |                  |  |  | 300      |       |  |            | 9,281,495  |       |     |  | 76,137  |            |  |  | 1,309,400 |       |  |  | N/A   |       |  |  | 59,500  |      
|July 2005     |        |  | High   |                  |  |  | 30.00    |       |  |            | 26.05      |       |     |  | 25.93   |            |  |  | 21.44     |       |  |  | N/A   |       |  |  | 25.60   |      
|              |        |  | Low    |                  |  |  | 24.40    |       |  |            | 24.25      |       |     |  | 25.20   |            |  |  | 19.90     |       |  |  | N/A   |       |  |  | 25.21   |      
|              | Jul-29 |  |        | Close            |  |  |          | 25.25 |  |            |            | 25.42 |     |  |         | 25.60      |  |  |           | 20.75 |  |  |       | N/A   |  |  |         | 25.41 | 
|              |        |  | Volume |                  |  |  | 3,900    |       |  |            | 11,509,208 |       |     |  | 65,451  |            |  |  | 4,387,800 |       |  |  | N/A   |       |  |  | 48,600  |      
|August 2005   |        |  | High   |                  |  |  | 31.00    |       |  |            | 27.00      |       |     |  | 25.70   |            |  |  | 22.37     |       |  |  | N/A   |       |  |  | 26.00   |      
|              |        |  | Low    |                  |  |  | 25.25    |       |  |            | 24.44      |       |     |  | 25.31   |            |  |  | 20.54     |       |  |  | N/A   |       |  |  | 25.40   |      
|              | Aug-31 |  |        | Close            |  |  |          | 26.00 |  |            |            | 25.04 |     |  |         | 25.59      |  |  |           | 21.00 |  |  |       | N/A   |  |  |         | 25.84 | 
|              |        |  | Volume |                  |  |  | 3,200    |       |  |            | 7,885,230  |       |     |  | 87,501  |            |  |  | 8,299,800 |       |  |  | N/A   |       |  |  | 58,000  |      

Notes:




|    |                                                                                                                                                                  
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | All price and volume information is from independent third-party
    sources (i.e. Toronto Stock Exchange (TSX) website,
    Bloomberg and Yahoo Finance).     
|   
|(2) | The symbol assigned by the TSX to the Class B Non-Voting
    Shares changed from SJR.B to SJR.NV.B pursuant to TSX
    requirements, effective November 15, 2004.
|   
|(3) | The 8.45% Series A Preferred Securities were redeemed by
    the Corporation effective February 1, 2005.                                                         

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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005





DIRECTORS AND OFFICERS







|   |                                  
|-- | ---------------------------------
|1. | Directors as of November 29, 2005



|                                   |  |                                                                                                                                                                                                                                                                                                                                                                      |  |          |      | 
|---------------------------------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | -------- | ---- | 
|                                   |  |                                                                                                                                                                                                                                                                                                                                                                      |  | Director |     
|Name and Municipality of Residence |  | Principal Occupation within Five Preceding Years                                                                                                                                                                                                                                                                                                                     |  | Since    |     
|                                   |  |                                                                                                                                                                                                                                                                                                                                                                      |  |          |     
|Adrian I. Burns                    |  | Corporate Director; former Member of the                                                                                                                                                                                                                                                                                                                             |  |          | 2001 | 
|Rockcliffe Park, Ontario           |  | Copyright Board of Canada; former Commissioner of the CRTC                                                                                                                                                                                                                                                                                                           |  |          |      | 
|                                  
|James F. Dinning                   |  | Non-Executive Chairman, Western Financial                                                                                                                                                                                                                                                                                                                            |  |          | 1997 | 
|Calgary, Alberta                   |  | Group Inc., a financial services company; former Executive Vice
    President, TransAlta Corporation, an electric industry holding
    company, and former Member of the Legislative Assembly of
    Alberta who held a number of Cabinet positions, including
    Provincial Treasurer, Minister of Education and Minister of
    Community and Occupational Health |  |          |      | 
|                                  
|George F. Galbraith                |  | Corporate Director; former President of                                                                                                                                                                                                                                                                                                                              |  |          | 1991 | 
|Vernon, British Columbia           |  | Vercom Cable Services Ltd. which operated the cable television
    system serving Vernon, British Columbia                                                                                                                                                                                                                                                           |  |          |      | 
|                                  
|Ronald V. Joyce                    |  | Corporate Director; former Senior Chairman                                                                                                                                                                                                                                                                                                                           |  |          | 2000 | 
|Calgary, Alberta                   |  | and Co-Founder, The TDL Group, licensee of Tim Hortons
    restaurants in Canada and the United States                                                                                                                                                                                                                                                              |  |          |      | 
|                                  
|Rt. Hon. Donald F. Mazankowski     |  | Corporate Director; former Member of                                                                                                                                                                                                                                                                                                                                 |  |          | 1993 | 
|Vegreville, Alberta                |  | Parliament who held a number of Cabinet positions, including
    Deputy Prime Minister and Minister of Finance                                                                                                                                                                                                                                                       |  |          |      | 
|                                  
|Harold A. Roozen                   |  | President and Chief Executive Officer, CCI                                                                                                                                                                                                                                                                                                                           |  |          | 2000 | 
|Edmonton, Alberta                  |  | Thermal Technologies Inc., a manufacturing company                                                                                                                                                                                                                                                                                                                   |  |          |      | 
|                                  
|Michael W. OBrien                 |  | Corporate Director; former Executive Vice-                                                                                                                                                                                                                                                                                                                           |  |          | 2003 | 
|Canmore, Alberta                   |  | President, Corporate Development and Chief Financial Officer of
    Suncor Energy Inc., an integrated oil and gas company                                                                                                                                                                                                                                            |  |          |      | 
|                                  
|Jeffrey C. Royer                   |  | Corporate Director and Private Investor                                                                                                                                                                                                                                                                                                                              |  |          | 1995 | 
|Toronto, Ontario                   |  |                                                                                                                                                                                                                                                                                                                                                                      |  |          |      | 

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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005


|                                   |  |                                                                                                                                                             |  |          |      | 
|---------------------------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------- |  | -------- | ---- | 
|                                   |  |                                                                                                                                                             |  | Director |     
|Name and Municipality of Residence |  | Principal Occupation within Five Preceding Years                                                                                                            |  | Since    |     
|                                   |  |                                                                                                                                                             |  |          |     
|Bradley S. Shaw(1)                 |  | Senior Vice President, Operations of the                                                                                                                    |  |          | 1999 | 
|Calgary, Alberta                   |  | Corporation                                                                                                                                                 |  |          |      | 
|                                  
|Jim Shaw(2)                        |  | Chief Executive Officer of the Corporation                                                                                                                  |  |          | 2002 | 
|Calgary, Alberta                   |  |                                                                                                                                                             |  |          |      | 
|                                  
|JR Shaw(1)(2)                      |  | Executive Chair of the Corporation                                                                                                                          |  |          | 1966 | 
|Calgary, Alberta                   |  |                                                                                                                                                             |  |          |      | 
|                                  
|JC Sparkman                        |  | Corporate Director; former Executive Vice                                                                                                                   |  |          | 1994 | 
|Englewood, Colorado U.S.A.         |  | President and Executive Officer of Telecommunications Inc. (also
    known as TCI), one of the largest cable television operators in
    the United States. |  |          |      | 
|                                  
|John S. Thomas                     |  | President, Delta Cable Communications Ltd.                                                                                                                  |  |          | 2000 | 
|Delta, British Columbia            |  | and Coast Cable Communications Ltd., which operate cable
    television systems in British Columbia                                                         |  |          |      | 
|                                  
|Willard H. Yuill                   |  | Chairman and Chief Executive Officer, The                                                                                                                   |  |          | 1999 | 
|Medicine Hat, Alberta              |  | Monarch Corporation, a private holding company with investments
    in communications, real estate and sports-related properties                            |  |          |      | 

Notes:




|    |                                                                       
|--- | ----------------------------------------------------------------------
|(1) | Bradley S. Shaw is the son of JR Shaw and the brother of Jim
    Shaw.
|   
|(2) | Jim Shaw is the son of JR Shaw and the brother of Bradley S.
    Shaw.






|   |                        
|-- | -----------------------
|2. | Board Committee Members











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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005







|   |                                           
|-- | ------------------------------------------
|3. | Executive Officers as of November 29, 2005



|                                   |  |                                                  
|---------------------------------- |  | -------------------------------------------------
|Name and Municipality of Residence |  | Principal Position with the Corporation          
|                                   |  |                                                  
|JR Shaw(1)(2)                      |  | Executive Chair                                  
|Calgary, Alberta                   |  |                                                  
|                                  
|Jim Shaw(1)(2)                     |  | Chief Executive Officer                          
|Calgary, Alberta                   |  |                                                  
|                                  
|Rhonda D. Bashnick                 |  | Vice-President, Finance                          
|Calgary, Alberta                   |  |                                                  
|                                  
|Peter J. Bissonnette               |  | President                                        
|Calgary, Alberta                   |  |                                                  
|                                  
|Douglas J. Black, Q.C              |  | Corporate Secretary                              
|Calgary, Alberta                   |  |                                                  
|                                  
|Michael DAvella                   |  | Senior Vice President, Planning                  
|Calgary, Alberta                   |  |                                                  
|                                  
|Louis A. Desrochers, Q.C           |  | Honorary Corporate Secretary                     
|Edmonton, Alberta                  |  |                                                  
|                                  
|Bradley S. Shaw(1)(2)              |  | Senior Vice President, Operations                
|Calgary, Alberta                   |  |                                                  
|                                  
|Ken C.C. Stein                     |  | Senior Vice President, Corporate and Regulatory  
|Toronto, Ontario                   |  | Affairs                                          
|                                  
|David Taniguchi                    |  | Assistant Corporate Secretary and Senior Counsel 
|Calgary, Alberta                   |  |                                                  
|                                  
|Steve Wilson                       |  | Senior Vice President and Chief Financial Officer
|Calgary, Alberta                   |  |                                                  

Notes:




|    |                                                                       
|--- | ----------------------------------------------------------------------
|(1) | Jim Shaw is the son of JR Shaw and the brother of Bradley S.
    Shaw.
|   
|(2) | Bradley S. Shaw is the son of JR Shaw and the brother of Jim
    Shaw.



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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005







|   |                                                  
|-- | -------------------------------------------------
|4. | Shareholdings of Directors and Executive Officers








|   |                                                           
|-- | ----------------------------------------------------------
|5. | Additional Disclosure for Directors and Executive Officers






AUDIT COMMITTEE







|   |                        
|-- | -----------------------
|1. | Audit Committee Charter







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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005







|   |                                           
|-- | ------------------------------------------
|2. | Audit Committee Composition and Background

Sarbanes-Oxley Act of 2002

















|   |           
|-- | ----------
|3. | Audit Fees

Sarbanes-Oxley Act


|                |  |             |           |  |             |   |           | 
|--------------- |  | ----------- | --------- |  | ----------- | - | --------- | 
|Type of Service |  | Fiscal 2005 |           |  | Fiscal 2004 |  
|                |  |             |           |  |             |  
|Audit           |  | $           | 2,056,213 |  |             | $ | 1,166,891 | 
|Audit-related   |  |             | 186,150   |  |             |   | 131,400   | 
|Tax             |  |             | 232,859   |  |             |   | 523,571   | 
|All Other       |  |             |          |  |             |   |          | 
|                |  |             |           |  |             |  
|Total           |  | $           | 2,475,222 |  |             | $ | 1,821,862 | 
|                |  |             |           |  |             |  



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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005









LEGAL PROCEEDINGS









REGISTRAR AND TRANSFER AGENT







INTERESTS OF EXPERTS







ADDITIONAL INFORMATION




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SHAW COMMUNICATIONS INC.


ANNUAL INFORMATION FORM


November 29, 2005


www.sedar.com www.shaw.ca rd








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SCHEDULE A


SHAW COMMUNICATIONS INC.


AUDIT COMMITTEE CHARTER






|   |        
|-- | -------
|I. | PURPOSE







|    |            
|--- | -----------
|II. | COMPOSITION











|     |         
|---- | --------
|III. | MEETINGS





A-1



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##### Table of Contents













|    |                                             
|--- | --------------------------------------------
|IV. | RESPONSIBILITIES AND DUTIES OF THE COMMITTEE





| |                           
| | --------------------------
| | Financial Statement Review

















A-2



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| |                                                     
| | ----------------------------------------------------
| | Financial Reporting Process and Internal
    Control



























| |                  
| | -----------------
| | External Auditors





A-3



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##### Table of Contents







| |              
| | -------------
| | Audit Process











| |                
| | ---------------
| | Risk Management

















| |      
| | -----
| | Other











A-4



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##### Table of Contents











|   |                                                          
|-- | ---------------------------------------------------------
|V. | RESPONSIBILITIES AND DUTIES OF THE CHAIR OF THE COMMITTEE

















A-5



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