TORONTO, July 21, 2025 (GLOBE NEWSWIRE) -- Rogers Communications Inc. ("Rogers" or the "Company") (TSX:RCI, NYSE:RCI) announced (i) the release of the results of its previously announced eight separate offers (the "Offers") to purchase for cash any and all of the outstanding notes of each series listed in the table below (collectively, the "Notes"), and (ii) that Rogers is increasing the aggregate Total Consideration payable for all Notes it will accept for purchase in the Offers, excluding accrued but unpaid interest, from the previously announced amount of US$1,250,000,000 to US$1,400,000,000 (the "Consideration Cap Amount"). The increased Consideration Cap Amount is sufficient to enable Rogers to accept for purchase all (1) 4.350% Senior Notes due 2049, (2) 3.700% Senior Notes due 2049, (3) 4.300% Senior Notes due 2048, (4) 4.500% Senior Notes due 2043 and (5) 5.000% Senior Notes due 2044, in each case, that were validly tendered prior to or at the Expiration Date and not validly withdrawn (as well as all of the Notes of such series that were tendered pursuant to the Guaranteed Delivery Procedures).

The Offers were made upon the terms and subject to the conditions set forth in the Offer to Purchase dated July 11, 2025 relating to the Notes (the "Offer to Purchase") and the notice of guaranteed delivery attached as Appendix A thereto (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Tender Offer Documents"). Capitalized terms used but not defined in this news release have the meanings given to them in the Offer to Purchase.

The Offers expired at 5:00 p.m. (Eastern time) on July 18, 2025 (the "Expiration Date"). The Guaranteed Delivery Date is 5:00 p.m. (Eastern time) on July 22, 2025. The Settlement Date will be July 23, 2025.

According to information provided by D.F. King & Co., Inc., the Information and Tender Agent in connection with the Offers, US$2,765,201,000 combined aggregate principal amount of Notes were validly tendered prior to or at the Expiration Date and not validly withdrawn. In addition, US$24,666,000 combined aggregate principal amount of Notes were tendered pursuant to the Guaranteed Delivery Procedures and remain subject to the Holders' performance of the delivery requirements under such procedures. The table below provides certain information about the Offers, including the aggregate principal amount of each series of Notes validly tendered and not validly withdrawn at or prior to the Expiration Date and the aggregate principal amount of Notes reflected in Notices of Guaranteed Delivery delivered at or prior to the Expiration Date pursuant to the Tender Offer Documents.

AcceptancePriority Level

Title of Notes

PrincipalAmountOutstanding(in millions)

CUSIP / ISINNos.(1)

TotalConsideration(2)

PrincipalAmountTendered(3)

PrincipalAmountAccepted(3)

Principal AmountReflected inNotices ofGuaranteedDelivery

1

4.350% SeniorNotes due 2049

US$1,250

775109 BN0 /US775109BN09

US$814.59

US$589,372,000

US$589,372,000

US$1,853,000

2

3.700% SeniorNotes due 2049

US$1,000

775109 BP5 /US775109BP56

US$738.97

US$457,659,000

US$457,659,000

US$3,311,000

3