TELUS offering C$1.7 billion in new debt notes

                TELUS offering C$1.7 billion in new debt notes

PR Newswire

VANCOUVER, March 26, 2013

C$1.1 billion of 11-year notes with 3.35 per cent interest rate
C$600 million of 30-year notes with 4.40 per cent interest rate

VANCOUVER, March 26, 2013 /PRNewswire/ - TELUS announced today it is offering
C$1.7 billion of senior unsecured notes in two tenors, the first with an
11-year maturity, the second with a 30-year maturity. The notes are offered
through a syndicate of agents led by CIBC World Markets, RBC Capital Markets,
and Scotia Capital. Closing of the offering is expected to occur on or about
April 1, 2013.

The 3.35 per cent 11-year Notes, Series CK, were priced at $99.435 per $100
principal amount for an effective yield of 3.412 per cent per annum and will
mature on April 1, 2024. The 4.40 per cent 30-year Notes, Series CL, were
priced at $99.768 per $100 principal amount for an effective yield of 4.414
per cent per annum and will mature on April 1, 2043.

The net proceeds of the offering will be used to repay the Company's
outstanding C$300 million of 5.00 per cent Series CB Notes due June 3, 2013 at
maturity, to fund the proposed early redemption of the Company's outstanding
C$700 million of 4.95 per cent Series CF Notes due May 15, 2014, to repay
outstanding commercial paper (short term floating rate debt) and for general
corporate purposes.

TELUS has filed a prospectus supplement to its short form base shelf
prospectus dated October 3, 2011 with securities regulatory authorities in
Canada and the United States.

This media release does not constitute an offer to sell or the solicitation of
an offer to buy the securities in any jurisdiction. The securities being
offered have not been approved or disapproved by any Canadian or United States
securities regulatory authority, nor has any authority passed upon the
accuracy or adequacy of the short form base shelf prospectus or the prospectus
supplement.

Copies of the short form base shelf prospectus and the prospectus supplement
relating to the offering of the Notes filed with securities regulatory
authorities in Canada and the United States may be obtained from CIBC World
Markets Inc., Debt Capital Markets, 161 Bay Street, 5th floor, Toronto
Ontario, M5J 2S8 c/o Scott Burrows, telephone 416-956-3049 or e-mail
scott.burrows@cibc.com.

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 repayment of the 5.00 per cent Notes due June 3, 2013 and
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 statements.

About TELUS
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
video.

SOURCE TELUS Corporation

Contact:

Ian McMillan
TELUS Investor Relations
(604) 697-8107
ir@TELUS.com

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