Mr. Ian McMillan reports

TELUS AMENDS DIVIDEND REINVESTMENT PROGRAM

Effective April 1, 2026, and as previously communicated, Telus Corp. will step down its discount on shares issued from treasury to 1.75 per cent from the average market price for shares acquired through the reinvestment of dividends. These changes will apply to the dividends payable on April 1, 2026, to shareholders of record on March 11, 2026. Shares acquired with optional cash payments will be issued from treasury at 100 per cent of the average market price.

Under the dividend reinvestment and share purchase plan (the DRISP), shareholders who reside in Canada and in the United States may elect to have the dividends paid on their shares reinvested in shares of Telus. Holders of shares residing outside of Canada or the United States may be eligible to participate in the DRISP, subject to proof of compliance with any restrictions in the laws of their country.

Shareholders who currently participate in the DRISP will automatically have the discount applied to the reinvestment of their dividends on the April 1, 2026, payment date. Registered shareholders of record residing in Canada and the United States wishing to join the DRISP can enroll on-line or access the DRISP enrolment form at Computershare's shareholder services website, by calling 1-800-558-0046 or by visiting the Telus website. In order to participate in time for the April 1, 2026, dividend payment date, enrolment forms from registered holders must be received by Computershare Trust Company of Canada, 320 Bay St., 14th floor, Toronto, Ont., M5H 4A6, before the close of business on March 11, 2026.

Non-registered beneficial holders of Telus shares (that is, shareholders who hold their shares through a financial institution, broker, nominee or other intermediary) should consult with that intermediary to determine the procedures for participation in the DRISP.

This news release does not constitute an offer to sell or a solicitation to buy securities in the United States. Telus has filed with the U.S. Securities and Exchange Commission a registration statement on Form F-3, and a related prospectus, each dated Aug. 12, 2021, with respect to the DRISP. A copy of these filings and any additional registration statements or prospectuses that may be filed from time to time in connection with the DRISP may be obtained under the company's profile on the U.S. Securities and Exchange Commission's website.

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 21 million customer connections through the company's advanced suite of broadband services for consumers, businesses and the public sector. Telus 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 161 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 Telus'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 2,000 students and counting. Since 2000, Telus, the company's team members and retirees have contributed $1.85-billion in cash, in-kind contributions, time and programs, including 2.5 million days of service -- earning Telus the distinction of the world's most giving company.