Why Invest in TELUS

We have a track record of achieving shareholder value and a new growth strategy focused on continued value creation in the future. In the last five years, a $100 investment in TELUS has grown to $215, representing a total annual return, including reinvestment of dividends, of 17 per cent.

TELUS should be a key part of your investment portfolio. Here's why:

>	Our strategy is clear and focused - our "100-day plan," announced in October 2000, has set the strategy that will lead us into the future. We will act in a manner that is consistent with this strategy.
>	Our strategy is designed to define high-growth - we are focused on the high-growth areas of data, Internet Protocol (IP) and wireless, which will represent an increasing share of our revenue and value.
>	We are the largest "pure play" Canadian telecom investment opportunity - we will not be distracted and will only invest in business related to our core expertise.
>	We have a talented management team - we have a renewed, high-powered management team, supported by a high-performance employee culture.
>	Our strong telecom alliances enhance our core capabilities and build differentiation - we will continue to work with our world-leading partners, Verizon and Genuity, to provide our customers with the most advanced solutions.
>	We have the financial strength to comfortably fund our growth ambitions - our strong balance sheet utilizes debt with investment grade credit ratings to efficiently lever shareholder returns, and provides TELUS with the financial flexibility to wisely invest in new growth opportunities.
>	Our performance targets reflect our growth profile - we have set clear and measurable targets to drive value. In 2001, we aim to deliver revenue growth of 17 to 19 per cent and EBITDA growth of 11 to 13 per cent.