TELUS two-for-one stock split completed

                   TELUS two-for-one stock split completed

PR Newswire

VANCOUVER, April 17, 2013

Common shares commence trading on split basis today on TSX and NYSE

VANCOUVER, April 17, 2013 /PRNewswire/ - TELUS announced today that it has
completed its previously announced two-for-one stock split of the company's
common shares. On April 16, 2013, each TELUS shareholder of record as of the
previous day - April 15, 2013 - received one additional share for each share
owned. The newly issued common shares commenced trading on the Toronto Stock
Exchange (TSX) and New York Stock Exchange (NYSE) at the start of business

As a result of the completion of the stock split, the number of TELUS common
shares outstanding has doubled to approximately 653.7 million while the
trading price of each share will be approximately half of yesterday's closing
price of $70.56.

"TELUS' stock split builds upon a number of shareholder friendly-initiatives
we have undertaken in recent years, including our exchange of non-voting
shares for voting shares to create a single share class and our three-year, 10
per cent per annum dividend growth model, " said Darren Entwistle, TELUS
President and CEO. "By enhancing the liquidity and affordability of our shares
for investors, we are striving to create value for the millions of Canadians
who own TELUS shares as retail investors or through their mutual or retirement

TELUS shareholders, with or without a physical share certificate, do not need
to take any action, as the company has moved to a simple Direct Registration
System (DRS). TELUS' transfer agent, Computershare, has sent registered common
shareholders a DRS advice form, which represents the additional number of
common shares that they receive as a result of the stock split. This allows
shareholders to hold their additional common shares in a "book entry" form
without having a physical share certificate issued.

Caution regarding forward looking statements

This news release contains statements about 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 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 performance and events to differ materially from that
expressed in the forward-looking statements . Accordingly, this news release
is subject to the disclaimer and qualified by the assumptions (including
assumptions for semi-annual dividend increases), qualifications and risk
factors referred to in the Management's discussion and analysis in the 2012
annual report, and in other TELUS public disclosure documents and filings with
securities commissions in Canada (on SEDAR at and in the United
States (on EDGAR at The stock split is generally not expected to
have unfavorable tax consequences to holders of shares in Canada or the United
States. However, shareholders are cautioned to seek their own tax advice from
their own tax advisors. Except as required by law, TELUS disclaims any
intention or obligation to update or revise forward-looking statements, and
reserves the right to change, at any time at its sole discretion, its current
practice of updating annual targets and guidance.


TELUS (TSX: T, NYSE: TU) is a leading national telecommunications company in
Canada, with $10.9 billion of annual revenue and more than 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

In support of our philosophy to give where we live, TELUS, our team members
and retirees have contributed more than $300 million to charitable and
not-for-profit organizations and volunteered 4.8 million 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

SOURCE TELUS Corporation


Shawn Hall
TELUS Social and Media Relations

Ian McMillan
TELUS Investor Relations
Press spacebar to pause and continue. Press esc to stop.