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TELUS is terminating The Canadian Business Journal, the first bond offering linked to US sustainability.

Vancouver, British Columbia, February 28, 2022 (GLOBE NEWSWIRE) — TELUS today successfully discontinues its previously announced US $ 900 million 3.400% senior unsecured sustainability link bonds with a 10-year maturity. Announced that it was done. Notes were provided through a syndicate of underwriters led by JP Morgan Securities LLC, TD Securities (USA) LLC, and Wells Fargo Securities LLC.

“Today, with the successful closure of our first US sustainability-linked bond, our team is at the forefront of sustainability practices and leverages action-based financing. It sets an example of leadership in advancing sustainability goals, “said President Darren Entwistle. And the CEO. “Importantly, our science-based greenhouse gas emission reduction goals further examine our efforts to reduce carbon dioxide emissions and take care of the planet that our children inherit. Sustainability-linked bond success seeks long-standing global leadership in social capital and new and innovative ways to improve the lives of citizens around the world for today and for future generations. Strengthen the dedication of our team. “

The net proceeds from this offer will be used for the repayment of unpaid debt, including the repayment of commercial paper (generated for the purpose of general working capital) and for other general corporate purposes.

This note is a “Sustainability Linked Bond” issued in accordance with TELUS’s Sustainability Linked Bonds Framework announced June 14, 2021 and may be amended, amended and / or exchanged at any time. There is (“framework”), and TELUS’s second bond offering under the framework. As part of the framework, TELUS has promised to reduce absolute emissions of Scope 1 and 2 greenhouse gases (“GHG”) by 46% from 2019 levels by 2030. On December 31, 2030, interest paid on bonds will increase by 1.00% annually. This is further explained in Prospectus Supplement TELUS, which was submitted to the short-form Baseshelf Prospectus as part of the Securities and Exchange Commission dated May 25, 2021. A valid shelf registration notification form for Form F-10. Issued by TELUS in accordance with the future “Sustainability Linked Bonds” (“Future SLB”) framework. However, the interest rate on the note may not exceed the initial interest rate of 3.40% in excess of 1.50% per annum under any circumstances, whether or not it is the result of failing to meet the sustainability performance goals and / or the following goals: .. One or more future SLBs. No notes were provided to Canada or Canadian residents, except for transactions that were exempt from the prospectus requirements of the Securities Act of Canada.

This bond offering supports TELUS’s commitment to environmental sustainability by linking financing to achieving ambitious ESG goals. The goals set in the framework have been approved by the Science Based Targets Initiative (“SBTi”), further demonstrating TELUS’s global sustainability leadership and support for the global battle against climate change. Sustainability performance goals are consistent with the reductions needed to limit warming below 1.5 ° C and are considered the most ambitious designation available through the SBTi process at the time the framework is published.

TELUS reports annually on performance against sustainability performance goals and, in the form of a limited warranty report, obtains an independent external verification of performance against sustainability performance goals each year. The TELUS Performance and Limited Warranty Report is included in the Annual Sustainability Report and, in some cases, other similar reports and is available on the TELUS website.

Sustainalytics, a leading independent ESG research, rating and analysis company, confirms in June 2021 that the framework is consistent with the International Capital Market Association’s Sustainability-Linked Fixed Income Principles, 2020. We announced the two-party opinion.

This media release does not constitute an offer to sell or buy securities in any jurisdiction. The securities offered have not been approved or disapproved by Canadian or US securities regulators, nor have they been approved for the accuracy or validity of a short base shelf prospectus or prospectus supplement. ..

A short copy of the base shelf prospectus and prospectus supplement related to the provision of notes submitted to the US Securities and Exchange Commission is available from 510 W. Georgia St., TELUS Chief Legal and Governance Officer on the 23rd floor. I can do it. Vancouver, British Columbia V6B0M3 (telephone 604-695-6420). A copy of these documents is available electronically at www.sec.gov through an electronic data collection, analysis, and acquisition system maintained by the US Securities and Exchange Commission (“EDGAR”). Investors should read the short base shelf prospectus and prospectus supplement before making an investment decision.

Description of future prospects

This news release contains statements regarding upcoming events related to the offering, including the intended use of the offering’s net income. The framework includes TELUS’s efforts to reduce absolute GHG emissions in Scope 1 and 2 by 46% from 2019 levels to 2030. , Increase in the annual interest rate of the note if TELUS fails to meet the required sustainability performance target, Increase in the annual interest rate of the note if TELUS fails to meet the additional ESG target Future SLB, Sustainability performance TELUS Commitment to annually report performance against goals, obtain annual independent external validation of performance against sustainability targets in the form of limited warranty reports, and include such performance TELUS Annual Sustainability Report or similar Make such limited warranty reports in the report available on the TELUS website. By its very nature, forward-looking statements require assumptions and forecasts and are subject to inherent risks and uncertainties, including: Risks associated with capital and bond markets. TELUS’s ability to identify and implement solutions to reduce energy consumption and adopt cleaner energy sources. TELUS’s ability to identify and make appropriate investments in renewable energy, including the form of power purchase agreements. TELUS’s ability to continue to achieve significant absolute reductions in energy usage and the resulting significant reductions in GHG emissions (including the results of programs and initiatives focused on buildings and networks). Other risks associated with achieving the TELUS goal of reducing GHG emission targets by 2030. There is a significant risk that forward-looking statements will not prove accurate. Readers should be careful not to overly rely on forward-looking statements. Many factors can cause actual future performance and events to differ materially from those described in the forward-looking statements. Therefore, this news release contains the disclaimer contained in the 2021 Annual Management Discussion and Analysis, as well as other TELUS Public Disclosure Documents and filings with the Canadian Securities Commission (SEDAR on sedar.com). Subject to eligibility and risk factors. And the United States (EDGAR sec.gov). The forward-looking statements contained in this news release describe our expectations on the date of this news release and are subject to change after that date. Unless required by law, TELUS disclaims any intent or obligation to update or revise any forward-looking statement.

About TELUS

TELUS (TSX: T, NYSE: TU) is a dynamic and world-leading communications technology company with annual revenues of $ 17 billion and 1,700 spanning wireless, data, IP, voice, television, entertainment, video and security. There are 10,000 customer connections. Our social objective is to leverage our world-leading technology and compassion to drive social change and enable amazing human outcomes. Our long-standing commitment to putting our customers first inspires every aspect of our business and makes us a clear leader in excellent customer service and loyalty. TELUS’s long-standing praise from an independent, industry-leading network insights company demonstrates the strength and speed of TELUS’s global-leading network and excels at connecting us and people to Canadians. Strengthens our commitment to provide access to technology. , Resources and information to make our lives better.

TELUS Health is Canada’s leader in digital health technology, improving access to health and wellness services and revolutionizing the flow of health information across a range of care. TELUS Agriculture provides innovative digital solutions throughout the agricultural value chain to support better food outcomes through agribusiness data insights and process improvements. TELUS International (TSX and NYSE: TIXT) is a leading digital company that designs, builds and delivers next-generation solutions such as AI and content management for global and disruptive brands across high-growth industrial sectors, including technology and gaming. Customer experience innovator. , Communication and Media, E-Commerce and FinTech, Healthcare, Travel and Hospitality. TELUS and TELUS International operate in more than 25 countries around the world.

Driven by our determination and vision to connect all our citizens for good, our deeply meaningful and lasting philosophy of providing a place for us has been over $ 900 million since 2000. Inspired TELUS, our team members and retirees to contribute to more than 1.8 million days of service. Generosity and unrivaled volunteer work have made TELUS the most donating company in the world. Let’s make the future friendly together.

For more information on TELUS, please visit telus.com and follow us on Twitter (@TELUSnews) and Instagram (@Darren_Entwistle).

Investor public relations
Ian C MacMillan
(604) 695-4539
ir@telus.com

Public relations window to the media
Steve Baiswanger
(514) 865-2787
Steve.Beisswanger@telus.com


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TELUS is terminating The Canadian Business Journal, the first bond offering linked to US sustainability.

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