March 27, 2001

TELUS announces changes to dividend reinvestment plan

5% Discount to be Offered

Burnaby, B.C. - TELUS Corporation (TSE: T and T.A / NYSE: TU) announced today that the Board of Directors has approved an amended and restated Dividend Reinvestment and Share Purchase Plan ("Plan") and that it will issue Treasury shares at a 5% discount from the average market price. These changes will be effective for dividends paid beginning July 1, 2001, if declared by the Board.

The Plan amendments include that reinvested dividends will be used to purchase non-voting shares (previously common voting shares) and that, subject to the filing and effectiveness of a U.S. registration statement, the Plan will be opened to residents of the United States (previously not eligible). The Company has reserved up to 5,000,000 non-voting shares for issuance under the Plan. Shareholders enrolled in the prior plan will be automatically enrolled in this new Plan. Holders of preference and preferred shares of TELUS Communications Inc. are also eligible to participate in this Plan. The Plan amendments are subject to regulatory approvals.

The Plan will continue to offer shareholders the option to purchase non-voting shares for cash, subject to a minimum of $100 per transaction and are limited to $20,000 per calendar year. Share purchases using optional cash payments are not offered at a discount.

The Plan agent is Computershare Trust Company of Canada. Shareholders wishing to enrol should contact them at 1-800-558-0046 or, if outside North America, at 403-267-6555.

TELUS Corporation is one of Canada's leading telecommunications companies providing a full range of telecommunications products and services that connect Canadians to the world. The Company generated $6.4 billion in revenues in 2000 and is the leading service provider in Western Canada. TELUS also provides voice, data, Internet and wireless services to Central and Eastern Canada. With the purchase of QuébecTel and national digital wireless company Clearnet Communications Inc., TELUS is rapidly strengthening its position as a leading national service provider.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the non-voting shares in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under securities law of such state or jurisdiction.

For more information, please contact:
Doug Strachan
media relations
(604) 432-2663

John Wheeler
investor relations
(780) 493-7310

Forward Looking Disclosure Disclaimer:
This news release contains statements about expected future events that are forward-looking and subject to risks and uncertainties. Accordingly, TELUS' actual results, performance or achievement could differ materially from those expressed or implied by such statements, and such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. These statements do not reflect the potential impact of any acquisitions, mergers or divestitures completed after today. In addition to the factors discussed herein, among the other factors that could cause actual results to differ materially are the following: general business and economic conditions in Canada and the Company's service territories in Canada; amount, terms and pricing of debt refinancing; competition in local and long distance services, wireless services, data and Internet services and within the Canadian telecommunications industry generally; adverse regulatory action including CRTC decisions; outcome of collective agreement negotiations; technological advancement; taxation; and other risk factors listed from time to time in the Company's reports and documents filed under applicable securities laws including the Company's latest Annual Report and Annual Information Form.

TELUS disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise.