TELUS ANNOUNCES RESULTS OF ITS CASH TENDER OFFERS FOR TWO SERIES OF DEBT SECURITIES

Core Points - TELUS Corporation announced the results of its cash offers to purchase outstanding notes, with a total of US$318,255,000 validly tendered before the expiration date [4][8] - The offers expired on June 27, 2025, with a settlement date set for July 3, 2025 [3][11] - The maximum purchase amount for the offers was US$750,000,000, which was sufficient to include all validly tendered notes [8] Offer Details - The offers included two series of notes: 4.600% Notes due November 16, 2048, and 4.300% Notes due June 15, 2049 [5] - The total consideration for the 4.600% Notes was US$834.11 per US$1,000 principal amount, while for the 4.300% Notes it was US$788.18 [6][5] - The company accepted all validly tendered notes, with US$189,405,000 of the 4.600% Notes and US$128,850,000 of the 4.300% Notes accepted [8][5] Financing Condition - The financing condition for the offers was satisfied due to the closing of a previously announced offering of junior subordinated notes totaling US$1.5 billion [9]