TELUS anticipates its common shares will commence trading on NYSE February 4

VANCOUVER, Jan. 31, 2013 /CNW/ – As previously announced, TELUS’
court-approved exchange of its non-voting shares for common shares on a
one-for-one basis will become effective at 12:01 a.m. (PDT) on February
4, 2013.

The New York Stock Exchange (NYSE) has now confirmed that it anticipates
TELUS common shares will commence trading under the symbol “TU” at the
start of trading on February 4, 2013 (previously announced as on or
about February 5). Non-voting shares will be delisted from the NYSE
before the opening of trading on February 4, 2013. TELUS anticipates
its non-voting shares will be delisted from the Toronto Stock Exchange
(TSX), at the close of business on or about February 8, 2013. The
additional common shares issued in exchange for TELUS’ non-voting
shares will be listed on the TSX at open of business on or about
February 11, 2013 and commence trading under the symbol “T,” the same
symbol under which common shares currently trade.

Computershare will mail DRS advice forms representing the new common
shares to the holders of record of non-voting shares as of February 13,
2013, shortly after that date. Non-voting shares will be common shares
at the effective time and holders of certificates formerly representing
non-voting shares do not need to take any further action as the DRS
form advice will represent the total number of common shares received
upon the exchange. This will allow shareholders to hold their new
common shares in “book-entry” form without having a physical share
certificate.

Forward looking statement: This news release contains statements about expected 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 can be no
assurance that the associated benefits for TELUS shareholders of the
share exchange will be realized or that the expected listing and
delisting dates will be accurate. 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.

About TELUS

TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications
company in Canada, with $10.8 billion of annual revenue and
13.0 million customer connections including 7.6 million wireless
subscribers, 3.4 million wireline network access lines, 1.3 million
Internet subscribers and more than 635,000 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.

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 telus.com.

SOURCE TELUS Corporation