Mr. Tony Staffieri reports

ROGERS CLOSES CDN$7 BILLION EQUITY INVESTMENT TRANSACTION

Rogers Communications Inc. has closed its $7-billion equity investment from funds managed by Blackstone, backed by leading Canadian institutional investors.

Blackstone has acquired a non-controlling interest in a new Canadian subsidiary of Rogers that owns a portion of Rogers wireless backhaul transport infrastructure. Rogers is maintaining full operational control of its network and will include the financial results of the subsidiary in its consolidated financial statements.

"This transaction demonstrates the confidence investors have in Rogers and our world-class assets," said Tony Staffieri, president and chief executive officer. "With this significant investment, we are unlocking the unrecognized value of critical assets and executing on our commitment to delever our balance sheet."

The investor group led by Blackstone includes Canada Pension Plan Investment Board, Caisse de depot et placement du Quebec, the Public Sector Pension Investment Board, British Columbia Investment Management Corp., and the Investment Management Corp. of Ontario.

About Rogers Communications Inc.

Rogers is Canada's leading communications and entertainment company, and its shares are publicly traded on the Toronto Stock Exchange and on the New York Stock Exchange.