TELUS

annual report 2004

the future is friendly

Welcome to the TELUS 2004 annual report.

To help you find the information you are looking for, the online annual report is divided into three main sections each providing a different level of detail.

You can download the full annual report or specific sections in pdf format (by installing Acrobat® Reader®). Information is also available regarding the 2005 information circular.

Please note: If you intend to trade in TELUS securities, you should read all sections of the annual report.

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