TELUS closes debt offering

C$500 million 3.35% 10-year Notes

VANCOUVER, Dec. 11, 2012 /CNW/ - TELUS announced today the successful closing of its previously announced offering of C$500 million senior unsecured Notes. The 3.35% 10-year Notes, Series CJ mature on March 15, 2023.

The net proceeds of the sale of the Notes offered will be applied towards the repayment of outstanding commercial paper, which is short-term floating rate debt issued by TELUS.

The offering was made pursuant to a prospectus supplement dated December 6, 2012 to TELUS' short form base shelf prospectus dated October 3, 2011 filed with securities regulatory authorities in Canada.

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 regulatory authority, nor has any authority passed upon the accuracy or adequacy of the short form base shelf prospectus or the prospectus supplement.

The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold in the United States or to or for the benefit of U.S. Persons (as defined in Regulation S of the U.S. Securities Act). This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Notes in the United States.

Copies of the short form base shelf prospectus and the prospectus supplement relating to the offering of the Notes filed with securities regulatory authorities in Canada may be obtained from Scotia Capital Inc., Debt Capital Markets, 40 King Street West, 68th floor, Toronto, Ontario, M5H 1H1 c/o Greg Greer, telephone 416-863-7298 or email greg.greer@scotiabank.com.

About TELUS
TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications company in Canada, with $10.8 billion of annual revenue and 13.0 million customer connections including 7.6 million wireless subscribers, 3.4 million wireline network access lines, 1.3 million Internet subscribers and more than 635,000 TELUS TV customers. Led since 2000 by President and CEO, Darren Entwistle, TELUS provides a wide range of communications products and services including wireless, data, Internet protocol (IP), voice, television, entertainment and video.

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, performance or achievements 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.

SOURCE: TELUS Corporation

For further information:

Ian McMillan
TELUS Investor Relations
(604) 697-8107
ir@TELUS.com

Shawn Hall
TELUS Media Relations
(604) 697-8176
Shawn.Hall@TELUS.com


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