CanWest Global Announces Share Repurchase Program.

WINNIPEG, Manitoba--(BUSINESS WIRE)--Nov. 30, 1999--

CanWest Global Commu(TSE:CGS.S.) (WINNIPEG STOCK EXCHANGE:CGS.S.) (TSE:CGS.A.) (WINNIPEG STOCK EXCHANGE:CGS.A.) (NYSE:CWG)

CanWest Global Communications Corp. (TSE, WSE: CGS.S and CGS.A; NYSE: CWG) announced today that it has received approval from The Toronto Stock Exchange to make a Normal Course Issuer Bid, pursuant to which CanWest may purchase for cancellation up to 6,059,719 of its subordinate voting shares (the "Subordinate Shares"), representing approximately 10% of the public float of 60,597,195 Subordinate Shares as at November 24, 1999. As at November 24, 1999, CanWest had 67,851,076 issued and outstanding Subordinate Shares. The purchases may commence on December 2, 1999, and will terminate on December 1, 2000, or on such earlier date as CanWest may complete its purchases pursuant to the Notice of Intention filed with the TSE. The purchases will be made by CanWest in accordance with the by-laws and rules of the exchange and the prices that CanWest will pay for any Subordinate Shares will be the market price of such shares at the time of acquisition. CanWest will make no purchases of Subordinate Shares other than open-market purchases.

CanWest believes that, from time to time, the market price of the Subordinate Shares does not fully reflect the value of its business and its future business prospects. As a result, CanWest believes that its outstanding Subordinate Shares may represent an appropriate and desirable use of its available funds.

CanWest Global Communications Corp. is an international media company. CanWest owns, operates and/or holds substantial interests in conventional television and specialty cable channels in Canada, New Zealand, Australia, Ireland and the United Kingdom. The Company's program production and distribution division and its new media division, operate in several countries throughout the world.