An anonymous director reports

CORUS ENTERTAINMENT DECLARES QUARTERLY DIVIDEND FOR CLASS A AND CLASS B SHAREHOLDERS

Corus Entertainment Inc.'s board of directors has declared quarterly dividends of three cents per Class B non-voting participating share and 2.875 cents per Class A participating share payable on Aug. 15, 2023, to shareholders of record at the close of business on July 31, 2023.

The foregoing dividends are designated as eligible dividends for the purpose of the Income Tax Act (Canada) and any similar provincial legislation.

Corus's board of directors reviews the dividend on a quarterly basis. Shareholders are entitled to receive dividends only when any such dividends are declared by Corus's board of directors and there is no entitlement to any dividend prior thereto.

Registered shareholders who are residents of Canada and who are not currently participating in Corus's dividend reinvestment plan may elect to participate in the plan through the completion of an enrolment form which can be obtained from the company's plan administrator, TSX Trust Company, on its website or by calling 1-800-387-0825. The plan allows eligible holders of Class A voting shares and Class B non-voting shares to acquire additional Class B non-voting shares through reinvestment of the cash dividends paid on their respective shareholdings. Non-registered beneficial shareholders who are residents of Canada and who wish to join the plan should consult their broker, financial institution or other intermediary through which they hold Class A voting shares or Class B non-voting shares.

Corus's board of directors confirms that the company will distribute shares purchased on the open market at no discount from the average market price to the plan participants of record, as determined pursuant to the terms of the plan.

There were 3,371,526 Class A voting shares and 196,068,632 Class B non-voting shares outstanding on May 31, 2023.

About Corus Entertainment Inc.

Corus Entertainment is a leading media and content company that develops and delivers high-quality brands and content across platforms for audiences around the world. Engaging audiences since 1999, the company's portfolio of multimedia offerings encompass 33 specialty television services, 39 radio stations, 15 conventional television stations, digital and streaming services, animation software, technology, and media services. Corus is an internationally renowned content creator and distributor through Nelvana, a world-class animation studio expert in all formats, and Corus Studios, a globally recognized producer of hit scripted and unscripted content. The company also owns full-service social digital agency so.da, lifestyle entertainment company Kin Canada, leading 2-D animation software supplier Toon Boom and children's book publishing house, Kids Can Press. Corus's roster of premium brands includes Global Television, W Network, HGTV Canada, Food Network Canada, Magnolia Network Canada, The History Channel, Showcase, Adult Swim, National Geographic, Disney Channel Canada, YTV, Global News, the Global News website, Q107, Country 105 and CFOX, along with streaming platforms StackTV, Teletoon+, the Global TV app and Curiouscast. Corus is the domestic advertising representative and an original content partner for Pluto TV, a Paramount Company, which is the leading free ad-supported streaming television (FAST) service.