TELUS intends to redeem 2014 Notes early

                   TELUS intends to redeem 2014 Notes early

PR Newswire

VANCOUVER, March 26, 2013

C$700 million 4.95 per cent Notes due May 15, 2014 being redeemed a year early

VANCOUVER, March 26, 2013 /PRNewswire/ - TELUS announced today its intention
to exercise its right to redeem, in whole or in part, its Canadian dollar
denominated $700 million 4.95 per cent Notes due May 15, 2014 a year early, on
May 15, 2013 (the "Notes", CUSIP # 87971MAJ2). The Notes were issued in May
2009. The redemption price will be based on the Government of Canada Yield, as
defined in the trust indenture pursuant to which such Notes were issued.
Note-holders will also receive the regularly scheduled semi-annual interest
payment on May 15, 2013.

TELUS plans to finance the redemption through a new debt issue and/or funds
available under its existing credit facilities. Unanticipated developments or
circumstances beyond TELUS' control could affect its intended redemption of
the Notes and there is no assurance that the redemption will be completed.
TELUS will only become obligated to complete the redemption once it gives
notice of redemption in accordance with the governing trust indenture. This
notice must be issued not less than 30 nor more than 60 days prior to the
anticipated redemption date of May 15, 2013. TELUS will make an announcement
as to the principal amount of the Notes to be redeemed and the redemption date
when it gives notice of redemption.

This media release is for informational purposes only and shall not constitute
an offer to buy or the solicitation of an offer to buy any of these

Forward Looking Statements
This media release contains forward looking statements. Forward looking
statements are not based on historical facts, but rather on current
expectations, Company assumptions and projections about future events,
including the completion of the early redemption of the 4.95 per cent Notes
due May 15, 2014, and are therefore subject to risks and uncertainties which
could cause actual amounts, results, performance or achievements to differ
materially from the future results expressed or implied by the forward looking
statements. Such statements are qualified in their entirety by the inherent
risks and uncertainties surrounding future expectations. Company assumptions
and risk factors are listed from time to time in TELUS' reports, public
disclosure documents, including TELUS' Management's discussion and analysis
and Annual Information Form, and in other filings with securities regulatory
authorities in Canada and the United States. Except as required by law, TELUS
disclaims any intention or obligation to update or revise forward-looking

TELUS (TSX: T, NYSE: TU) is a leading national telecommunications company in
Canada, with $10.9 billion of annual revenue and 13.1 million customer
connections including 7.7 million wireless subscribers, 3.4 million wireline
network access lines, 1.4 million Internet subscribers and 678,000 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

For more information about TELUS, please visit

SOURCE TELUS Corporation


Ian McMillan
TELUS Investor Relations
(604) 697-8107

Shawn Hall
TELUS Social and Media Relations
(604) 697-8176
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