Dick Auchinleck Chair of the Board Welcome to the 2017 annual general meeting Live webcast telus.com Monique Mercier Executive Vice-President, Corporate Affairs, and Chief Legal and Governance Officer Christopher Main Associate General Counsel Today’s agenda Business items Report from President and CEO Voting results Question and answer session Conclusion Your feedback matters to us Meeting procedures Quorum Declaration of mailing Appointment of scrutineers Thank you! Micheline Bouchard Our Board of Directors The Honourable Stockwell Day Strategic Advisor and former Federal Cabinet Minister Lisa de Wilde Chief Executive Officer, TVO Darren Entwistle President and CEO, TELUS Mary Jo Haddad Former CEO, The Hospital for Sick Children (SickKids ) Kathy Kinloch President, British Columbia Institute of Technology John Lacey Lead Independent Director, Brookfield Business Partners Bill MacKinnon Former CEO, KPMG Canada The Honourable John Manley President and CEO, Business Council of Canada, Chair of CIBC and former Deputy Prime Minister of Canada The Honourable Sabi Marwah Senator and former Vice Chairman and Chief Operating Officer, Bank of Nova Scotia Claude Mongeau Former President and CEO, Canadian National Railway Company David Mowat President and CEO, ATB Financial Ray Chan Chair, Baytex Energy Corp. Dick Auchinleck Chair, TELUS Our Executive Leadership Team Josh Blair Chief Corporate Officer, EVP, TELUS Health, President, Business Solutions West, and Chair, TELUS International Doug French EVP and Chief Financial Officer David Fuller EVP and President, TELUS Consumer and Small Business Solutions Tony Geheran EVP and President, Broadband Networks François Gratton EVP, Partner Solutions, and President, Business Solutions East and TELUS Québec Sandy McIntosh EVP, People & Culture and Chief Human Resources Officer Eros Spadotto EVP, Technology Strategy Phil Bates EVP, Business Transformation and Operations consolidated 2016 financial statements Voting procedures Voting procedures Voting procedures Insert smartcard to align with bar code facing you Welcome message appears when card is inserted correctly Voting procedures To vote on motions today: • Press 1 to vote FOR • Press 2 to vote AGAINST • Press 3 to WITHHOLD vote Motion to nominate and elect directors “I nominate the 13 individuals named in the information circular for election as directors of the Company, to hold office for the ensuing year.” Election of directors Election of directors • Ray Chan • Bill MacKinnon • Stockwell Day • John Manley • Lisa de Wilde • Sabi Marwah • Darren Entwistle • Claude Mongeau • Mary Jo Haddad • David Mowat • Kathy Kinloch • Dick Auchinleck • John Lacey Press 1 to vote FOR Press 3 to WITHHOLD vote Election of directors • Ray Chan • Bill MacKinnon • Stockwell Day • John Manley • Lisa de Wilde • Sabi Marwah • Darren Entwistle • Claude Mongeau • Mary Jo Haddad • David Mowat • Kathy Kinloch • Dick Auchinleck • John Lacey Press 1 to vote FOR Press 3 to WITHHOLD vote Election of directors • Ray Chan • Bill MacKinnon • Stockwell Day • John Manley • Lisa de Wilde • Sabi Marwah • Darren Entwistle • Claude Mongeau • Mary Jo Haddad • David Mowat • Kathy Kinloch • Dick Auchinleck • John Lacey Press 1 to vote FOR Press 3 to WITHHOLD vote Election of directors • Ray Chan • Bill MacKinnon • Stockwell Day • John Manley • Lisa de Wilde • Sabi Marwah • Darren Entwistle • Claude Mongeau • Mary Jo Haddad • David Mowat • Kathy Kinloch • Dick Auchinleck • John Lacey Press 1 to vote FOR Press 3 to WITHHOLD vote Election of directors • Ray Chan • Bill MacKinnon • Stockwell Day • John Manley • Lisa de Wilde • Sabi Marwah • Darren Entwistle • Claude Mongeau • Mary Jo Haddad • David Mowat • Kathy Kinloch • Dick Auchinleck • John Lacey Press 1 to vote FOR Press 3 to WITHHOLD vote Election of directors • Ray Chan • Bill MacKinnon • Stockwell Day • John Manley • Lisa de Wilde • Sabi Marwah • Darren Entwistle • Claude Mongeau • Mary Jo Haddad • David Mowat • Kathy Kinloch • Dick Auchinleck • John Lacey Press 1 to vote FOR Press 3 to WITHHOLD vote Election of directors • Ray Chan • Bill MacKinnon • Stockwell Day • John Manley • Lisa de Wilde • Sabi Marwah • Darren Entwistle • Claude Mongeau • Mary Jo Haddad • David Mowat • Kathy Kinloch • Dick Auchinleck • John Lacey Press 1 to vote FOR Press 3 to WITHHOLD vote Election of directors • Ray Chan • Bill MacKinnon • Stockwell Day • John Manley • Lisa de Wilde • Sabi Marwah • Darren Entwistle • Claude Mongeau • Mary Jo Haddad • David Mowat • Kathy Kinloch • Dick Auchinleck • John Lacey Press 1 to vote FOR Press 3 to WITHHOLD vote Election of directors • Ray Chan • Bill MacKinnon • Stockwell Day • John Manley • Lisa de Wilde • Sabi Marwah • Darren Entwistle • Claude Mongeau • Mary Jo Haddad • David Mowat • Kathy Kinloch • Dick Auchinleck • John Lacey Press 1 to vote FOR Press 3 to WITHHOLD vote Election of directors • Ray Chan • Bill MacKinnon • Stockwell Day • John Manley • Lisa de Wilde • Sabi Marwah • Darren Entwistle • Claude Mongeau • Mary Jo Haddad • David Mowat • Kathy Kinloch • Dick Auchinleck • John Lacey Press 1 to vote FOR Press 3 to WITHHOLD vote Election of directors • Ray Chan • Bill MacKinnon • Stockwell Day • John Manley • Lisa de Wilde • Sabi Marwah • Darren Entwistle • Claude Mongeau • Mary Jo Haddad • David Mowat • Kathy Kinloch • Dick Auchinleck • John Lacey Press 1 to vote FOR Press 3 to WITHHOLD vote Election of directors • Ray Chan • Bill MacKinnon • Stockwell Day • John Manley • Lisa de Wilde • Sabi Marwah • Darren Entwistle • Claude Mongeau • Mary Jo Haddad • David Mowat • Kathy Kinloch • Dick Auchinleck • John Lacey Press 1 to vote FOR Press 3 to WITHHOLD vote Election of directors • Ray Chan • Bill MacKinnon • Stockwell Day • John Manley • Lisa de Wilde • Sabi Marwah • Darren Entwistle • Claude Mongeau • Mary Jo Haddad • David Mowat • Kathy Kinloch • Dick Auchinleck • John Lacey Press 1 to vote FOR Press 3 to WITHHOLD vote Election of directors • Ray Chan • Bill MacKinnon • Stockwell Day • John Manley • Lisa de Wilde • Sabi Marwah • Darren Entwistle • Claude Mongeau • Mary Jo Haddad • David Mowat • Kathy Kinloch • Dick Auchinleck • John Lacey Press 1 to vote FOR Press 3 to WITHHOLD vote Motion to appoint auditors “I move that Deloitte LLP, Chartered Professional Accountants, be appointed as the auditors of the Company for the ensuing year at a remuneration to be fixed by the directors.” To vote on this motion • Press 1 to vote FOR • Press 3 to WITHHOLD vote Motion regarding say on pay “I move, on an advisory basis only and not to diminish the role and responsibilities of the Board of Directors, that the shareholders accept the approach to executive compensation disclosed in the Company’s information circular delivered in advance of the 2017 annual general meeting of shareholders.” To vote on this motion • Press 1 to vote FOR • Press 2 to vote AGAINST Caution regarding forward-looking statements TELUS forward-looking statements This presentation and answers to questions contain forward-looking statements about expected events, including relating to our 2017 targets, multi-year dividend growth and share purchase programs, fibre network and other capital investments, and the performance of TELUS. By their nature, forward-looking statements do not refer to historical facts and require the Company to make assumptions and predictions, and are subject to inherent risks. There is significant risk that the forward- looking statements will not prove to be accurate. There can be no assurances that TELUS will complete all purchases under the 2017 normal course issuer bid and maintain its multi-year dividend growth and share purchase programs. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors (such as competition, technological substitution, regulatory developments, government decisions, economic performance in Canada, our cost reduction initiatives, our earnings and free cash flow, our capital expenditures and a change in our intent to purchase shares) could cause actual future performance and events to differ materially from those expressed in the forward-looking statements. Accordingly, all forward-looking statements made today are subject to the disclaimer and qualified by the assumptions (including assumptions for the 2017 annual targets and guidance, semi-annual dividend increases through 2019 and our ability to sustain and complete our multi-year share purchase program through 2019), qualifications and risk factors as set out in the first quarter Management’s discussion and analysis (MD&A) and in the 2016 annual report’s MD&A, especially Sections 9 and 10, and in other TELUS public disclosure documents and filings with securities commissions in Canada (on SEDAR at sedar.com) and in the United States (on EDGAR at sec.gov). Except as required by law, TELUS disclaims any intention or obligation to update or revise forward-looking statements, and reserves the right to change, at any time at its sole discretion, its current practice of updating annual targets and guidance. Darren Entwistle Member of the TELUS team Relentlessly focusing on what matters Putting customers first Returning significant capital Investing in our growth Our winning strategy To unleash the power of the Internet to deliver the best solutions to Canadians at home, in the workplace and on the move. World-leading shareholder return 400% since 20001 +400% TSX +183% Telecom Index -4% Consistently averaging outpacing our global peers in total +39 shareholder return2 points better Progressing