TELUS to purchase up to 4.0 million common shares under its normal course issuer bid through private agreements

  TELUS to purchase up to 4.0 million common shares under its normal course
                    issuer bid through private agreements

PR Newswire

VANCOUVER, June 14, 2013

VANCOUVER, June 14, 2013 /PRNewswire/ - TELUS Corporation announced today that
it will purchase and cancel up to 4.0million of its common shares through
private agreements with an arm's-length third-party seller. The common shares
purchased will be counted towards the 15 million common shares (subject to a
maximum aggregate purchase price of $500 million) that TELUS is entitled to
repurchase for cancellation under its normal course issuer bid announced on
May 21, 2013.

The private agreement purchases will be made according to an issuer bid
exemption order issued by the Ontario Securities Commission and will take
place by way of several transactions pursuant to the terms of the order, which
provides that such purchases must occur prior to September 30, 2013. The order
also provides that TELUS may not purchase, pursuant to off-exchange block
purchases, more than one-third of the maximum number of common shares the
Issuer can purchase under its normal course issuer bid. The price that TELUS
will pay for the common shares purchased under the private agreements will be
negotiated by TELUS and the seller and will be at a discount to the market
price of TELUS' common shares on the Toronto Stock Exchange at the time of the

Information regarding each private purchase, including the number of common
shares purchased and aggregate purchase price paid, will be available on the
System for Electronic Document Analysis and Retrieval (SEDAR) at
following the completion of any such purchase. Information on other purchases
during the month will be reported on SEDAR on or before the 10^th day of the
following month.

Forward Looking Statements
This media 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 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, NYSE: TU) is a leading national telecommunications company in
Canada, with $11 billion of annual revenue and 13.2million customer
connections, including 7.7million wireless subscribers, 3.4million wireline
network access lines, 1.4million Internet subscribers and 712,000 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


Investor Relations
Darrell Rae
(604) 697-8192

Media Relations
Shawn Hall
(604) 619-7913
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