Telus Completes Notes Offering

On May 25, 2011, TELUS Corporation completed a Canadian offering of $600 million principal amount of unsecured 3.65 per cent Notes due May 25, 2016. The offering was made pursuant to TELUS' short form base shelf prospectus and net proceeds were applied towards the repayment of TELUS' US$8 per cent unsecured notes which matured June 1, 2011. The syndicate of 11 agents for the offering was led by CIBC World Markets Inc. and Scotia Capital Inc.

TELUS was represented in-house by a team comprised of Audrey Ho, Maria Preovolos and Dennis Wong, and by Bennett Jones LLP with a team comprising Kathleen Keller-Hobson, Faran Umar-Khitab, Melissa Robins and Melanie Cole (corporate finance) and Bernard Morris (tax).

Osler, Hoskin & Harcourt LLP acted as Canadian counsel to the agents with a team comprising Michael Innes, Lorraine Lynds and Rosaleen Piluso (securities) and Lara Friedlander (tax).