Mr. Darren Entwistle reports

TELUS CEO DARREN ENTWISTLE DEMONSTRATES STRONG CONFIDENCE IN COMPANY'S FUTURE WITH SIGNIFICANT SHARE PURCHASES

Telus Corp. president and chief executive officer Darren Entwistle has reaffirmed his commitment to Telus's success by making significant share purchases this year. Since the beginning of the year through October, 2023, he purchased 395,843 common shares for an aggregate purchase cost of approximately $10-million. Mr. Entwistle now holds a total of 800,000-plus Telus common shares.

Investing significantly in Telus shares is consistent with Mr. Entwistle's past practice of aligning his interests with those of Telus's close to 1.2 million shareholders. Moreover, it demonstrates his continued strong confidence in the company's strategy and global industry-best differentiated growth profile buttressed by strong operating momentum across its telecom business, and further supported through its investments in Telus International, Telus Health and Telus Agriculture & Consumer Goods. Further reflecting Mr. Entwistle's firm belief in the financial and operational health of the Telus organization, enabled through the skill of the Telus team, Mr. Entwistle took his salary in shares for six consecutive years from 2009 through 2015.

Telus released its third quarter operational and financial results on Nov. 3, 2023, showcasing the company's continued strong performance including in its core telecom business. The results highlighted Telus's globally leading broadband networks and customer-centric culture, which contributed to its best third quarter on record for customer growth. This growth was driven by the strong demand for Telus's leading portfolio across mobility and fixed services. The company's strong financial position, supported by a robust balance sheet, was further strengthened by significant cost-efficiency efforts. These efforts aimed to drive EBITDA (earnings before interest, taxes, depreciation and amortization) expansion, margin accretion and accelerated cash flow growth. As a result, Telus demonstrated its ability to deliver on its leading dividend growth program, which is now in its 13th year and has been extended through to the end of 2025. This extension reflects the confidence of Mr. Entwistle and the team's ability to execute the company's growth strategy on a global scale. Furthermore, Telus's performance highlights its commitment to driving meaningful and sustainable free cash flow growth while unlocking transformational benefits for all stakeholders. Since 2004, Telus has returned more than $24-billion to shareholders, including over $19-billion in dividends, representing approximately $17 per share over all.

About Telus Corp.

Telus is a dynamic, world-leading communications technology company with more than $18-billion in annual revenue and over 18 million customer connections spanning wireless, data, IP, voice, television, entertainment, video and security. The company's social purpose is to leverage its global-leading technology and compassion to drive social change and enable remarkable human outcomes. Telus's long-standing commitment to putting its customers first fuels every aspect of its business, making it a distinct leader in customer service excellence and loyalty. The numerous, sustained accolades Telus has earned over the years from independent, industry-leading network insight firms showcase the strength and speed of Telus's global-leading networks, reinforcing its commitment to provide Canadians with access to superior technology that connects the company to the people, resources and information that make lives better. Operating in 32 countries around the world, Telus International is a leading digital customer experience innovator that designs, builds and delivers next-generation solutions, including artificial intelligence and content moderation, for global and disruptive brands across strategic industry verticals, including tech and games, communications and media, eCommerce and fintech, banking, financial services and insurance, health care, and others. Telus Health is a global health care leader, which provides employee and family primary and preventive health care and well-being solutions. The Telus team, along with its 100,000 health professionals, is leveraging the combination of Telus's strong digital and data analytics capabilities with its unsurpassed client service to dramatically improve remedial, preventive and mental health outcomes covering more than 69 million lives, and growing, around the world. As the largest provider of digital solutions and digital insights of its kind, Telus Agriculture & Consumer Goods enables efficient and sustainable production from seed to store, helping improve the safety and quality of food and other goods in a way that is traceable to end consumers. Driven by its determination and vision to connect all citizens for good, the company's deeply meaningful and enduring philosophy to "give where we live" has inspired Telus and its team to contribute $1.6-billion, including 2.2 million days of service, since 2000. This unprecedented generosity and unparalleled volunteerism have made Telus the most giving company in the world.

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