Vancouver, B.C. – TELUS announced today the pricing of its offering of C$500 million senior unsecured Notes. The Notes are offered through a syndicate of agents led by Scotia Capital and CIBC World Markets. Closing of the offering is expected to occur on or about December 11, 2012.

The 3.35% 10-year Notes, Series CJ (the 'Notes') were priced at $99.883 per $100 principal amount for an effective yield of 3.364% per annum and will mature on March 15, 2023.

The net proceeds of the sale of the Notes offered will be applied towards the repayment of outstanding commercial paper, which is short-term floating rate debt issued by TELUS.

TELUS will be filing a prospectus supplement to its short form base shelf prospectus dated October 3, 2011 with securities regulatory authorities in Canada.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any authority passed upon the accuracy or adequacy of the short form base shelf prospectus or the prospectus supplement.

The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act"), or any state securities laws and may not be offered or sold in the United States or to or for the benefit of U.S. Persons (as defined in Regulation S of the U.S. Securities Act). This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Notes in the United States.

Copies of the short form base shelf prospectus and the prospectus supplement relating to the offering of the Notes to be filed with securities regulatory authorities in Canada may be obtained from Scotia Capital Inc., Debt Capital Markets, 40 King Street West, 68th floor, Toronto, Ontario, M5H 1H1 c/o Greg Greer, telephone 416-863-7298 or email greg.greer@scotiabank.com.

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.

For more information about TELUS, please visit telus.com.

Forward Looking Statements
This media release contains forward looking statements. Forward looking statements are not based on historical facts, but rather on current expectations, Company assumptions and projections about future events and are therefore subject to risks and uncertainties which could cause actual results, performance or achievements to differ materially from the future results expressed or implied by the forward looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Company assumptions and risk factors are listed from time to time in TELUS' reports, public disclosure documents including Management's discussion and analysis, Annual Information Form, and in other filings with securities regulatory authorities in Canada and the United States.