TELUS ANNOUNCES PRICING OF CASH TENDER OFFERS FOR TWO SERIES OF DEBT SECURITIES

Core Viewpoint - TELUS Corporation announced pricing terms for its cash offers to purchase outstanding notes, with a maximum purchase amount of US$750 million [1][12]. Group 1: Offer Details - The offers are subject to conditions outlined in the Offer to Purchase dated June 20, 2025, and include a notice of guaranteed delivery [2]. - The total consideration for each series of notes is calculated based on fixed spreads and U.S. Treasury yields as of June 27, 2025 [3][6]. - The offers will expire at 5:00 p.m. (Eastern time) on June 27, 2025, unless extended [7]. Group 2: Acceptance and Conditions - Notes will be accepted for purchase based on their acceptance priority level, with the highest priority level being 1 [4][12]. - The company reserves the right to waive conditions and may terminate or alter the offers if conditions are not met [12]. - The financing condition requires the company to raise sufficient net proceeds to purchase all validly tendered notes [12]. Group 3: Settlement and Payments - Settlement for validly tendered notes will occur four business days after the expiration date, expected to be July 3, 2025 [9][10]. - Holders of accepted notes will receive total consideration plus accrued interest up to the settlement date [11]. Group 4: Company Overview - TELUS is a leading communications technology company with over C$20 billion in annual revenue and more than 20 million customer connections [20]. - The company is committed to leveraging technology for positive human outcomes and has contributed C$1.8 billion in community support since 2000 [20].