TELUS ANNOUNCES JUNIOR SUBORDINATED NOTE OFFERING

Core Viewpoint - TELUS has announced the pricing of an $800 million reopening of its fixed-to-fixed rate junior subordinated notes, Series CAR and Series CAS, with a maturity date of July 21, 2055 [1][4] Group 1: Notes Details - The re-opened 6.25% fixed-to-fixed rate junior subordinated notes, Series CAR, priced at $102.625 per $100 principal amount, will have a re-opening yield of 5.612% per annum until July 21, 2030, and will reset every five years starting July 21, 2030 [2] - The re-opened 6.75% fixed-to-fixed rate junior subordinated notes, Series CAS, priced at $104.500 per $100 principal amount, will have a re-opening yield of 6.127% per annum until July 21, 2035, and will reset every five years starting July 21, 2035 [3] Group 2: Use of Proceeds - The net proceeds from the offering will be used to reduce outstanding indebtedness, including commercial paper, and for other general corporate purposes [4] Group 3: Company Overview - TELUS is a leading communications technology company generating over $20 billion in annual revenue with more than 20 million customer connections [9]