TELUS Announces Odd Lot Sell Program

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/17/15 -- TELUS announced today it is initiating an odd lot selling program for eligible holders of 99 or fewer common shares of TELUS Corporation.

The program benefits shareholders who hold 99 or fewer shares, and want to sell their shares without paying brokerage commissions, avoiding fees that could be a material percentage of their proceeds. Additionally, it allows a participant who does not already have a brokerage account the ability to sell their shares without the inconvenience of opening one.

The program is open to registered and beneficial TELUS shareholders who reside in Canada and own 99 or fewer shares as of the record date of September 16, 2015. The program will run until December 15, 2015, unless otherwise extended, and will operate through the facilities of the Toronto Stock Exchange (TSX) in compliance with the TSX's policy of Odd Lot Selling and Purchase Arrangements. The program is not available to citizens or residents of the United States or any other U.S. person.

TELUS has arranged for Computershare Investor Services Inc. (Computershare) to manage the program and facilitate the sale of the shares on the market. Qualification details and questions regarding the program should be directed to Computershare by calling toll free from within Canada at 1-800-558-0046. An information booklet with details about the how to participate in the program will be mailed to eligible shareholders and is available online at www.telus.com/investors.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in any jurisdiction. TELUS is not offering to purchase your shares; TELUS is not making any recommendation as to your holding or selling your shares; and is not making any representation as to the price you may realize on the sale of your shares. Eligible shareholders may wish to obtain advice from their broker or financial advisor as to the advisability of participating. The tax consequences for each participant in the program may vary. TELUS and Computershare make no representations with respect to the tax consequences for a particular participant. It is recommended that each odd lot shareholder consult their personal tax advisor as to the consequences to them of a sale under the program. Participation in the program is voluntary.

About TELUS

TELUS (TSX: T)(NYSE: TU) is Canada's fastest-growing national telecommunications company, with $12.3 billion of annual revenue and 13.9 million customer connections, including 8.4 million wireless subscribers, 3.1 million wireline network access lines, 1.5 million high-speed Internet subscribers and 954,000 TELUS TV customers. TELUS provides a wide range of communications products and services, including wireless, data, Internet protocol (IP), voice, television, entertainment and video, and is Canada's largest healthcare IT provider.

In support of our philosophy to give where we live, TELUS, our team members and retirees have contributed more than $396 million to charitable and not-for-profit organizations and volunteered and more than 6 million hours of service to local communities since 2000. Created in 2005 by President and CEO Darren Entwistle, TELUS' 11 Canadian community boards and 4 International boards have led the Company's support of grassroots charities and will have contributed more than $54 million in support of over 4,800 local charitable projects by the end of 2015, enriching the lives of more than 2.1 million children and youth. TELUS was honoured to be named the most outstanding philanthropic corporation globally for 2010 by the Association of Fundraising Professionals, becoming the first Canadian company to receive this prestigious international recognition.

For more information about TELUS, please visit www.telus.com.

Contacts:
Media relations:
Shawn Hall
(604) 619-7913
[email protected]

Investor relations:
Darrell Rae
(604) 697-8192
[email protected]

Source: TELUS Corporation

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