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8/3/2007 8:00:25 AM

TELUS announces debt offering

Five and 10 year Notes for up to C$800 million


Vancouver, B.C. –– TELUS Corporation (TSX: T, T.A; NYSE: TU) announced today a proposed debt offering in Canada and the United States of up to C$800 million unsecured Notes. The Notes will be offered through a syndicate of agents led by TD Securities Inc. and which includes BMO Capital Markets, CIBC World Markets Inc., RBC Capital Markets Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., National Bank Financial Inc., and Desjardins Securities Inc.


The Notes are to mature on March 15, 2012 and March 15, 2017 with the interest rate and other terms to be determined by negotiation with the agents.


The net proceeds of the offering will be used for general corporate purposes including the redemption of TELUS' 7.50% U.S. $ Series 1 Notes due June 2007.


The offering is being made pursuant to a preliminary prospectus supplement to TELUS' short form base shelf prospectus dated August 24, 2005 each as filed with Canadian and U.S. securities regulatory authorities.


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 Canadian or U.S. regulatory authority nor has any such authority passed upon the accuracy or adequacy of the short form base shelf prospectus or the preliminary prospectus supplement.


Copies of the short form base shelf prospectus and the preliminary prospectus supplement relating to the offering of the Notes as filed with securities regulatory authorities may be obtained from TD Securities Inc. Fixed Income Origination, 222 Bay Street, 7th Floor, Toronto, Ontario, M5K 1A2 c/o Patrick Scace, telephone 416-308-2172 or e-mail


TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications company in Canada, with $8.7 billion in annual revenue and 10.7 million customer connections including 5.1 million wireless subscribers, 4.6 million wireline network access lines and 1.1 million Internet subscribers. TELUS provides a wide range of communications products and services including data, Internet protocol (IP), voice, entertainment and video services. Committed to being Canada's premier corporate citizen, over the last six years TELUS has contributed more than $76 million to charitable and non-profit organizations, and has established seven TELUS Community Boards across Canada to lead its local philanthropic initiatives.


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Forward Looking Statements
This news 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 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.


For more information, please contact:

Robert Mitchell
Investor Relations


Allison Vale
Media Relations