TELUS leadership, including Board of Directors and CEO, demonstrates confidence in the Company's future with share purchases

Core Viewpoint - TELUS Corporation's leadership team and board members have demonstrated confidence in the company's value and growth prospects by acquiring additional shares, while the company is actively repurchasing shares as part of its normal course issuer bid (NCIB) to enhance shareholder value [1][3][4]. Group 1: Shareholder Actions - Several members of TELUS' board and executive leadership, including CEO Darren Entwistle, acquired a total of 357,090 TELUS shares in November and December, indicating strong confidence in the company's long-term growth [1]. - As of December 31, 2025, senior officers and board members collectively hold approximately 2.4 million TELUS common shares, with Darren Entwistle taking his entire salary in TELUS shares since 2024, reinforcing alignment with shareholder interests [2]. Group 2: Share Repurchase Program - TELUS has repurchased 2,299,753 common shares at an average price of $17.3932 per share, representing an 18% discount to the average share price over the past year, as part of a $500 million share buyback program initiated on December 17, 2025 [3][4]. - The share repurchases are part of TELUS' strategy to address the perceived undervaluation of its shares and are aligned with its deleveraging program, aiming for a net debt to adjusted EBITDA ratio of approximately 3.3 times by the end of 2026 [4]. Group 3: Financial Performance and Growth Targets - TELUS is committed to achieving a minimum 10% compounded annual growth rate in free cash flow through 2028, which supports its deleveraging efforts and overall financial health [4]. - The company is systematically stepping down its discounted dividend reinvestment plan (DRIP) starting in the first quarter of 2026, reflecting its strong operational and financial performance [4]. Group 4: Company Overview - TELUS operates in over 45 countries, generating more than $20 billion in annual revenue and serving over 20 million customer connections through its broadband services [7]. - The company is focused on leveraging technology for positive human outcomes and has made significant contributions to community initiatives, including over $6 million in bursaries to students in Canada [7].