Mr. Darren Entwistle reports

TELUS LEADERSHIP, INCLUDING BOARD OF DIRECTORS AND CEO, DEMONSTRATES CONFIDENCE IN THE COMPANY'S FUTURE WITH SHARE PURCHASES

Several members of Telus Corp.'s board of directors and its executive leadership team, including Darren Entwistle, president and chief executive officer of Telus, through the course of November and December have acquired a total of 357,090 additional Telus shares in the open market, reflecting their confidence in Telus's compelling value proposition and long-term growth prospects.

Collectively, senior officers of Telus's executive leadership team and board of directors hold a total of approximately 2.4 million Telus common shares as of Dec. 31, 2025. Moreover, since 2024 -- and building on his previous practice from 2010 through 2015 -- Mr. Entwistle has taken his entire salary in the form of Telus shares, and plans to continue to do so for the foreseeable future. This firm alignment of interests between Telus's leadership, board of directors and shareholders reinforces the company's commitment to creating sustainable shareholder value.

The company also provided an update that it has purchased for cancellation 2,299,753 of its common shares in the open market at an average price of $17.3932 per common share excluding commissions, representing an 18-per-cent discount to Telus's average share price traded over the past 12 months. These purchases are part of the $500-million worth of common shares that Telus is entitled to purchase for cancellation over a 12-month period, commencing Dec. 17, 2025, under its normal course issuer bid (the NCIB) announced on Dec. 15, 2025.

Share purchases under the NCIB are reflective of the company's conviction that its current share price does not reflect the strong fundamentals of Telus's business and its significant growth opportunities. Repurchases under the NCIB have been executed with discipline and are complementary to Telus's deleveraging program and the company's commitment to systematically step down the discounted dividend reinvestment plan (DRIP) beginning in the first quarter of 2026. Notably, Telus's strong operational and financial performance, combined with the company's confidence in delivering meaningful free cash flow growth at a minimum 10-per-cent compounded annual growth rate through 2028, enable Telus to progress on the company's deleveraging trajectory ahead of plan. Specifically, Telus is targeting to reach circa 3.3 times or lower net debt to adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) by year-end 2026, and 3.0 times by the end of 2027.

About Telus Corp.

Telus is a world-leading communications technology company operating in more than 45 countries and generating over $20-billion in annual revenue with more than 20 million customer connections through its advanced suite of broadband services for consumers, businesses and the public sector. The company is committed to leveraging its technology to enable remarkable human outcomes. Telus is passionate about putting its customers and communities first, leading the way globally in client service excellence and social capitalism. Telus Health is enhancing more than 160 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. Telus Agriculture & Consumer Goods utilizes digital technologies and data insights to optimize the connection between producers and consumers. Telus Digital specializes in digital customer experiences and future-focused digital transformations that deliver value for their global clients. Guided by the company's enduring "give where we live" philosophy, Telus continues to invest in initiatives that support education, health and community well-being. In 2023, Telus launched the Telus Student Bursary, which strives to ensure that every young person in Canada who wants a postsecondary education has the opportunity to pursue one. To date, the program has distributed over $6-million in bursaries to more than 1,600 students and counting. Since 2000, Telus, the company's team members and retirees have contributed $1.8-billion in cash, in-kind contributions, time and programs, including 2.4 million days of service -- earning Telus the distinction of the world's most giving company.

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