Third Quarter 2013 Investor Conference Call

June 28, 2013

9:30am MT/11:30am EST

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Forward Looking Information Disclaimer

Statements included in this presentation that

are not historic (including those showing “2013 Free Cash Flow

Guidance") constitute forward-looking statements. Forward-

looking statements are based on assumptions and involve risks

and other factors which may cause actual results to be

materially different from views expressed or implied by such

statements. Accordingly, forward-looking statements are not

guaranteed and undue reliance should not be placed on them.

Material risks and other factors that could cause actual results

to differ materially from the views expressed in forward-looking

statements and material assumptions underlying forward-

looking statements are identified in the Company's

Management’s Discussion and Analysis (“MD&A”) for fiscal

2012 and for Q3 2013 which have been filed with the Canadian

securities regulatory authorities and the U.S. Securities and

Exchange Commission.

2 2 EBITDA is referred to as “operating income before amortization” which is defined and

discussed under “Key Performance Drivers” in the MD&A

3 3

$

Free Cash Flow (“FCF”) is defined and discussed under “Key Performance Drivers” in the

MD&A

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$800M in Net Proceeds Acquisition

$225M

Sale of Non-Core Assets

• Hamilton Cable

System

• AWS Spectrum

Option

Asset Swap

Expands our Business Capabilities • Connects 560 buildings

• Adds 800 route kilometers of fibre

• Additional revenue opportunities

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• Offers choice and

flexibility for new and

existing customers

• Pricing of packages

reflect equipment

included (i.e. HDPVR or

Gateway)

• 2-Year Term

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Exceptional

Customer

Experience

Continue to invest in

our service reputation

Leading

Technology

Partnership with

City of Edmonton to

expand Wi-Fi

network

Launched Anik G1

Customer

Profitability

Disciplined pricing

and promotion

strategies

Introduction of

service contracts in

F13

Updated FCF

guidance

Maintained pricing

discipline in Q3

(+48% cable

margin)

Operational

Efficiencies

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