TELUS to complete share exchange

Non-voting shares will be exchanged for common shares effective February 4, 
VANCOUVER, Jan. 25, 2013 /CNW/ - TELUS is moving ahead with the court-approved 
exchange of its non-voting shares for common shares on a one-for-one basis, 
which will become effective at 12:01 a.m. (PDT) on February 4, 2013. 
"Our shareholders' strong support for this exchange was made clear during the 
shareholder vote on October 17, and we are very pleased that we can now 
conclude this important and beneficial share exchange," said Darren Entwistle, 
TELUS President and CEO. "Having a single class of widely-traded shares is 
going to benefit all of our shareholders through enhanced trading volumes, 
liquidity and marketability and, as well, TELUS common shares will be listed 
on the New York Stock Exchange for the first time. Moreover, the sole class of 
common shares will further enhance TELUS' track record of excellence in 
corporate governance." 
TELUS expects that its approximately 151 million outstanding non-voting shares 
will be delisted from the New York Stock Exchange (NYSE) on or about February 
5, 2013 and from the Toronto Stock Exchange (TSX) on or about February 8, 
2013. An equivalent number of additional TELUS common shares would then be 
listed and begin trading on the NYSE for the first time on or about February 
5, 2013 under the symbol "TU," the same symbol under which TELUS' non-voting 
shares have traded on the exchange. TELUS' common shares will continue to 
trade under the current symbol "T" on the TSX. TELUS expects the additional 
TELUS common shares issued as a result of the exchange will be listed and 
begin trading on the TSX on or about February 11, 2013. TELUS will have a 
single class of approximately 326 million common shares listed and trading on 
both the TSX and NYSE. 
TELUS is proceeding with the share exchange as Mason Capital Management LLC 
and TELUS have agreed to abandon all litigation relating to the court approved 
plan of arrangement. The agreement does not involve the payment of funds to 
either party. 
As a result, the Supreme Court of British Columbia's decision to grant a final 
order approving TELUS' share exchange stands and all conditions precedent to 
completion of the exchange have now been satisfied. 
TELUS non-voting shareholders, with or without a physical share certificate, 
do not need to take any action because the company is moving to a Direct 
Registration System (DRS). As soon as practicable following the effective 
time, TELUS' transfer agent Computershare will send non-voting shareholders a 
DRS advice form, which will represent the total number of common shares that 
they will be entitled to receive upon the exchange. This will allow 
shareholders to hold their new common shares in a "book entry" form without 
having a physical share certificate issued. 
Forward looking statement: This news release contains statements about 
expected future events of TELUS that are forward-looking. By their nature, 
forward-looking statements require the Company to make assumptions and 
predictions and are subject to inherent risks and uncertainties. There can be 
no assurance that the associated benefits for TELUS shareholders of the share 
exchange will be realized or that the expected listing and delisting dates 
will be accurate. There is significant risk that the forward-looking 
statements will not prove to be accurate. Readers are cautioned not to place 
undue reliance on forward-looking statements as a number of factors could 
cause actual future events to differ materially from that expressed in the 
forward-looking statements. Except as required by law, TELUS disclaims any 
intention or obligation to update or revise forward-looking statements. 
TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications company 
in Canada, with $10.8 billion of annual revenue and 13.0million customer 
connections including 7.6million wireless subscribers, 3.4million wireline 
network access lines, 1.3million Internet subscribers and more than 635,000 
TELUS TV customers. Led since 2000 by President and CEO, Darren Entwistle, 
TELUS provides a wide range of communications products and services including 
wireless, data, Internet protocol (IP), voice, television, entertainment and 
In support of our philosophy to give where we live, TELUS, our team members 
and retirees have contributed more than $260million to charitable and 
not-for-profit organizations and volunteered 4.2million hours of service to 
local communities since 2000. Fourteen TELUS Community Boards lead TELUS' 
local philanthropic initiatives. TELUS was honoured to be named the most 
outstanding philanthropic corporation globally for 2010 by the Association of 
Fundraising Professionals, becoming the first Canadian company to receive this 
prestigious international recognition. 
For more information about TELUS, please visit 
For media inquiries, please contact: Shawn Hall TELUS Social and Media 
Relations 604-619-7913 
For investor inquiries, please contact: Robert Mitchell TELUS Investor 
Relations 647-837-1606 
SOURCE: TELUS Corporation 
To view this news release in HTML formatting, please use the following URL: 
CO: TELUS Corporation
ST: British Columbia
-0- Jan/25/2013 14:00 GMT
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