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Rogers Communications Inc. Announces Pricing Of Canadian Offering Of $1.25 Billion Debt Securities

Offering to partially fund previously announced acquisition of 700MHz 'beachfront' spectrum licenses

TORONTO, March 3, 2014 /PRNewswire/ - Rogers Communications Inc. ("RCI") announced today that it has priced a Canadian offering of $1.25 billion of debt securities (the "Canadian Notes") consisting of $250 million aggregate principal amount of floating rate senior notes due 2017, $400 million aggregate principal amount of 2.80% senior notes due 2019, and $600 million aggregate principal amount of 4.00% senior notes due 2024. The net proceeds from the issuance of these Canadian Notes will be approximately $1.24 billion.  RCI expects to use the net proceeds of this Canadian offering, together with available cash on hand and other debt funding, to fund the $3.29 billion cash investment required to acquire twenty year licenses for two 12MHz blocks of contiguous, paired lower 700MHz band spectrum located in the key rural and urban locations across Canada.  The sale of the Canadian Notes is expected to close on March 10, 2014.

The Canadian Notes are being offered on a best efforts basis in each of the provinces of Canada through a syndicate of agents.  This Canadian offering is only made by prospectus. Rogers will be filing a prospectus supplement relating to the Canadian offering with the securities regulatory authorities in each of the provinces of Canada.  Before making an investment decision, investors should read the prospectus supplement and the accompanying short form base shelf prospectus dated February 21, 2014, which together contain detailed information about the Canadian Notes being offered.  Copies of this prospectus supplement and accompanying base shelf prospectus may be obtained over the Internet at the Canadian Securities Administrators' website at www.sedar.com.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.  The Canadian Notes have not been approved or disapproved by any regulatory authority nor has any such authority passed upon the accuracy or adequacy of the short form base shelf prospectus or the prospectus supplement.

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