TELUS CEO Darren Entwistle demonstrates strong confidence in Company’s future with significant share purchases - Seite 2

Forward-looking statements
The terms TELUS, the Company, we, us and our refer to TELUS Corporation and, where the context of the narrative permits or requires, its subsidiaries.

This news release contains statements about TELUS’ dividend growth program that may be considered forward-looking. Dividend decisions will continue to be subject to our Board’s assessment and the determination of our financial situation and outlook on a quarterly basis. There can be no assurance that we will maintain a dividend growth program through 2025 or beyond 2025. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual results to differ materially from the forward-looking statements. These factors, and the assumptions on which the forward-looking statements are based, are described in detail in our 2022 Management's discussion and analysis (MD&A) and updated in our third quarter 2023 MD&A, and in other TELUS public disclosure documents and filings with securities commissions in Canada (on SEDAR+ at sedarplus.com) and in the United States (on EDGAR at sec.gov). Forward-looking statements are made pursuant to the “safe harbour” provisions of applicable securities laws in Canada and the United States Private Securities Litigation Reform Act of 1995. Except as required by law, TELUS disclaims any intention or obligation to update or revise forward-looking statements, and reserves the right to change, at any time at its sole discretion, its current practice of updating annual targets and guidance.

Non-GAAP and other specified financial measures
We have issued guidance on and report certain non-GAAP measures that are used to evaluate the performance of TELUS, as well as to determine compliance with debt covenants and to manage our capital structure. As non-GAAP measures generally do not have a standardized meaning, they may not be comparable to similar measures presented by other issuers. Securities regulations require such measures to be clearly defined, qualified and reconciled with their nearest GAAP measure. Certain of the metrics do not have generally accepted industry definitions. For disclosure regarding EBITDA (earnings before interest, income taxes, depreciation and amortization) and free cash flow, see Section 11 of our 2022 MD&A and in Section 11 of our third quarter 2023 MD&A, available on SEDAR+ at www.sedarplus.com and incorporated by reference in this news release.