Mr. Tony Staffieri reports

ROGERS RECEIVES LEAGUE APPROVALS ON MLSE ACQUISITION

Rogers Communications Inc. has received all league approvals to buy out Bell's 37.5-per-cent stake in Maple Leaf Sports & Entertainment (MLSE).

"We're pleased to have league approvals to expand our ownership of MLSE, one of the most prestigious sports and entertainment organizations in the world," said Tony Staffieri, president and chief executive officer, Rogers. "As Canada's leading communications and entertainment company, live sports, and entertainment are a critical part of our core business strategy."

Rogers has received approvals from the National Hockey League (NHL), National Basketball Association (NBA), Canadian Football League (CFL), Major League Soccer (MLS) and the American Hockey League (AHL) to become 75-per-cent owners of MLSE.

The deal is subject to approval from the CRTC to acquire an additional indirect interest in Toronto Raptors Network Ltd. (NBA TV Canada), representing a very small portion of the transaction. Rogers has previously received clearance from the Competition Bureau to proceed with the acquisition.

In September, 2024, Rogers announced a deal to acquire Bell's stake in MLSE for $4.7-billion to become majority owner of MLSE.

About Rogers Communications Inc.

Rogers is Canada's leading communications and entertainment company and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI).