Mr. Darren Entwistle reports

TELUS LAUNCHES SMARTENERGY FOR GOOD ACROSS ONTARIO TO HELP LOW-INCOME CANADIANS DECREASE THEIR HOME ENERGY USE AND SAVE MONEY

Telus Corp. is expanding its Connecting for Good programming, which builds stronger and healthier communities across Canada by ensuring no citizen is left behind and has access to world-leading technology, to include Telus SmartEnergy for Good. A first-of-its-kind initiative in Canada, Telus SmartEnergy for Good is designed to advance energy equity by providing vulnerable households with access to smart energy technology at a subsidized monthly service cost. The first phase of SmartEnergy for Good has launched in Ontario, equipping eligible low-income households with the tools and technology they need to reduce energy consumption, lower their utility bills and contribute to Canada's climate targets.

"Telus SmartEnergy for Good represents a new and innovative approach to energy equity in Canada, building on our team's long-standing belief that technology is a great equalizer, but only if we all have access to it equally," said Darren Entwistle, president and chief executive officer, Telus. "Telus SmartEnergy for Good -- the next phase of our Connecting for Good program -- provides families challenged by affordability concerns and in need of a helping hand with powerful tools to manage their energy consumption and lower their monthly bills while reducing their carbon footprint. Indeed, by combining our telecommunications expertise with our social purpose, we are connecting communities and citizens to both a more sustainable and more affordable future."

The program is open to qualifying low-income Ontario residents, including seniors, families and youth aging out of government care. Through Telus SmartEnergy for Good, qualifying customers will receive a subsidized comprehensive SmartHome energy management package including: a monthly Telus SmartEnergy subscription, a smart thermostat rental, two energy monitoring plugs and professional installation.

"Last year, Ontario launched the largest energy savings program in our history, to reduce bills for families," said Stephen Lecce, Ontario's Minister of Energy and Mines. "We welcome initiatives that help households lower their energy bills, reduce peak demand and benefit from modern energy-saving technology."

Telus SmartEnergy is a subscription-based energy management solution helping Canadians save money on their energy bills and reduce their environmental footprint. Subscribers can save up to 15 per cent on energy bills by, among other things, automating temperature settings and powering down unused devices while monitoring usage through personalized insights in the app.

Beyond subsidizing SmartHome technology, the initiative educates households on energy cost reduction while supporting Ontario's emission reduction targets by reducing grid strain during peak demand. As part of its environmental commitment, Telus will plant four trees per year on behalf of each participating household, contributing to carbon sequestration and climate resilience.

Telus plans to bring SmartEnergy for Good to additional provinces across Canada later this year.

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 its advanced suite of broadband services for consumers, businesses and the public sector. It 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 its global clients. Guided by its enduring "give where we live" philosophy, Telus continues to invest in initiatives that support education, health and community well-being. In 2023, it 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, its 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.