Press release details

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN

THE UNITED STATES

PRESS RELEASE

For immediate release

Montreal, Québec, February 28, 2014 – Today, COGECO Inc. (TSX: CGO) ("COGECO") or the

"Corporation") announced that it has priced an underwritten offering of $50,000,000 aggregate principal

amount of 6.00% senior unsecured notes due 2020 (the "Notes") to be completed on a private placement

basis (the "Private Placement"). This Private Placement is expected to close on March 5, 2014, subject to

customary closing conditions. Scotia Capital Inc. and CIBC World Markets Inc. are acting as joint book

runners on the Private Placement pursuant to the terms of an underwriting agreement dated as of the

date hereof.

The Notes will accrue interest from the date of issuance at the rate of 6.00% per annum. Interest on the

The net proceeds from the Private Placement will be used to repay existing indebtedness under

COGECO's term revolving facility, the committed amount of which will be reduced by $50,000,000

concurrently with the closing of the Private Placement.

The Notes have not been and will not be qualified for sale to the public under applicable securities laws in

Canada and, accordingly, any offer and sale of the Notes in Canada will be made on a basis which is

exempt from the prospectus requirements of such securities laws. The Notes have not been and will not

be registered under the United States Securities Act of 1933, as amended or any state securities laws

and may not be offered, sold or delivered in the United States of America or its territories or possessions

or to U.S. persons.

NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements contained in this press release may constitute forward-looking information within the

meaning of securities laws. Forward-looking information may relate to COGECO’s future outlook and

anticipated events, business, operations, financial performance, financial condition or results of COGECO

and its subsidiaries, the timing and completion of the Private Placement, the expected use of proceeds of

the Private Placement, the terms of the Notes and the anticipated effect of the Notes on COGECO's

liquidity and, in some cases, can be identified by terminology such as "may"; "will"; "should"; "expect";

"plan"; "anticipate"; "believe"; "intend"; "estimate"; "predict"; "potential"; "continue"; "foresee", "ensure" or

other similar expressions concerning matters that are not historical facts. These statements are based on

results may significantly differ from COGECO's expectations. It is impossible for COGECO to predict with

certainty the impact that the current economic uncertainties may have on future results. Forward-looking

information is also subject to certain factors, including risks and uncertainties (described under the

heading “Uncertainties and Main Risk Factors” of the Management's Discussion and Analysis of

COGECO for the fiscal year ended August 31, 2013 and the Management's Discussion and Analysis of

COGECO for the three-month ended November 30, 2013) that could cause actual results to differ

materially from what COGECO currently expects. These factors include risks pertaining to markets and

competition, technology, regulatory developments, operating costs, information systems, disasters or

other contingencies, financial risks related to capital requirements, human resources, controlling

shareholder and holding structure, many of which are beyond COGECO's control. Therefore, future

COGECO is a diversified holding corporation. Through its Cogeco Cable subsidiary, COGECO provides

to its residential and business customers Analogue and Digital Television, High Speed Internet and

Telephony services. Cogeco Cable operates in Canada through its subsidiary Cogeco Cable Canada in

Quebec and Ontario, and in the United States through its subsidiary Atlantic Broadband in Western

Pennsylvania, South Florida, Maryland/Delaware and South Carolina. Through its subsidiary Cogeco

Enterprise Services, the holding company of Cogeco Data Services and Peer 1 Network Enterprises,

Cogeco Cable provides to its commercial customers, a suite of IT hosting, information and

communications technology services (data centre, colocation, managed hosting, cloud infrastructure and

connectivity), with 20 data centres, extensive fibre networks in Montreal and Toronto as well as points-of-

Stock Exchange (TSX: CGO). The subordinate voting shares of Cogeco Cable are also listed on the

Toronto Stock Exchange (TSX: CCA). For more information about COGECO and its subsidiaries visit

www.cogeco.ca, cogecodiffusion.com and cogecometromedia.com.

For further information:

www.cogeco.ca