COGECO Increases Quarterly Dividend to $0.10 Per Share

MONTREAL, CANADA, Oct 29 (MARKET WIRE) --
COGECO Inc. (TSX: CGO) ("COGECO" or "the Company") announced today that
its Board of Directors declared a quarterly eligible dividend of $0.10
per share for subordinate and multiple voting shares, representing an
increase of $0.02, or 25%, when compared to the quarterly dividends of
$0.08 per share declared for each quarter of fiscal 2009. The dividend
will be payable on November 26, 2009, to shareholders of record on
November 12, 2009.

The declaration, amount and date of any future dividend will continue to
be considered and approved by the Board of Directors of the Company based
upon the Company's financial condition, results of operations, capital
requirements and such other factors as the Board of Directors, at its
sole discretion, deems relevant. There is therefore no assurance that
dividends will be declared, and if declared, their amount and frequency
may vary.

ABOUT COGECO

COGECO is a diversified communications company. Through its Cogeco Cable
subsidiary, COGECO provides its residential customers with Audio,
Analogue and Digital Television, as well as HSI and Telephony services
using its two-way broadband cable networks. Cogeco Cable also provides,
to its commercial customers, data networking, e-business applications,
video conferencing, hosting services, Ethernet, private line, VoIP, HSI
access, dark fibre, data storage, data security and co-location services
and other advanced communication solutions. Through its Cogeco Diffusion
subsidiary, COGECO owns and operates the RYTHME FM radio stations in
Montreal, Quebec City, Trois-Rivieres and Sherbrooke, as well as the FM
93 radio station in Quebec City. COGECO's subordinate voting shares are
listed on the Toronto Stock Exchange (TSX: CGO). The subordinate voting
shares of Cogeco Cable are also listed on the Toronto Stock Exchange
(TSX: CCA).

Contacts:
COGECO Inc.
Marie Carrier
Director, Corporate Communications
514-764-4700

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