TELUS announces price for early partial redemption of 2011 Notes to be redeemed on September 2, 2010

Wednesday, Sep 01, 2010

TELUS Corporation
announced today that it has determined the redemption price of its partial
45.024% redemption on September 2, 2010 of US$613 million principal amount
of its outstanding US$1.3615 billion 8% notes due June 1, 2011 (CUSIP No.
87971MAC7). The early redemption notice for these Notes was previously
announced on July 27, 2010.

The redemption price, which is payable on September 2, 2010, is based on the
Adjusted United States Treasury Yield plus 30 basis points, as provided in
the trust indenture pursuant to which such notes were issued in May 2001.
Note holders will also receive accrued interest to the September 2, 2010
redemption date.

The following is the redemption price and amount per US$1,000 of principal
amount for these Notes:

Redemption Price: US$1,055.64

Accrued and unpaid interest: US$20.22

Total Redemption Amount: US$1,075.86

This news release does not constitute an offer to sell or the solicitation
of an offer to buy the securities in any jurisdiction.

Source: Canada Wire