Article: (RG) Rogers And Shaw Announce Major Swap of Cable Assets and Strategic Alliances in Internet Properties.

Business Editors

TORONTO--(BUSINESS WIRE)--March 23, 2000

ROGERS COMMUNICATIONS INC. ("Rogers")(TSE:RCI.A)(TSE:RCI.B)(NYSE:RG) and SHAW COMMUNICATIONS INC. ("Shaw")(TSE:SJR.B)(CDNX:SJR.A)(NYSE:SJR) today announced a wide-ranging series of agreements pursuant to which they have agreed to the following major swap of cable assets and creation of strategic Internet alliances.

1. Cable Assets Swap

Rogers and Shaw have agreed, subject to CRTC approval, to swap Rogers' existing cable operations in British Columbia (Vancouver and surrounding areas) in exchange for Shaw's cable operations in Southern Ontario and New Brunswick. Rogers' ...

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