Telus Corp ( TU ):

* TELUS AND TELUS DIGITAL ENTER INTO A DEFINITIVE

ARRANGEMENT

AGREEMENT FOR TELUS TO ACQUIRE FULL OWNERSHIP OF TELUS DIGITAL

* TELUS AND TELUS DIGITAL ENTER INTO A DEFINITIVE

ARRANGEMENT

AGREEMENT FOR TELUS TO ACQUIRE FULL OWNERSHIP OF TELUS DIGITAL

* TELUS CORP ( TU ): PROPOSED DEAL FOR US$4.50 PER SHARE,

REFLECTING

AGGREGATE CONSIDERATION OF US$539 MILLION

* TELUS CORP ( TU ): TRANSACTION VALUES TELUS DIGITAL'S EQUITY AT

ABOUT

US$1.3 BILLION

* TELUS CORP ( TU ): TOTAL TRANSACTION VALUE OF APPROXIMATELY

US$2.9

BILLION

* TELUS CORP ( TU ): DEAL TO BE EFFECTED BY WAY OF COURT-APPROVED

PLAN OF

ARRANGEMENT

* TELUS CORP ( TU ): WILL UTILIZE EXISTING LIQUIDITY SOURCES

ON-HAND TO

SUPPORT DEAL

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