TELUS is Canada's best in corporate reporting

    Overall Award of Excellence for Corporate Reporting, and four additional
    awards of excellence, bestowed upon TELUS by Canadian Institute of
    Chartered Accountants

    VANCOUVER, Dec. 5 /CNW/ - Today the Canadian Institute of Chartered
Accountants (CICA) handed TELUS five awards, including the Overall Award of
Excellence for Corporate Reporting, at the 2007 Corporate Reporting Awards
ceremony held at the Convention Centre in Toronto. TELUS' corporate reporting
was judged by the CICA to be the best overall in Canada across all industries.
    TELUS was lauded for its leadership in all aspects of corporate
reporting, and for the first time won the Overall Award of Excellence for
Corporate Reporting. TELUS received the award for its strong commitment to
excellence in corporate governance and disclosure, its detailed and
transparent financial reporting and comprehensive sustainable development
leadership. TELUS was singled out by the judges for "well-rounded and detailed
disclosure, innovative governance practices and leading-edge code of ethics."
TELUS' best practices include establishing measurable targets for the
environmental indicators tracked in its reporting package, auditing
non-financial metrics and comprehensive MD&A (Management Discussion and
Analysis) and financial statements. It was also noted, the website
was well-planned, user-friendly and provided investors with considerable
content on which to base decisions.
    "At a time when investor expectations around governance and reporting
have never been greater, it is truly an honour to have the CICA present us
with these awards," said Robert McFarlane, TELUS executive vice-president and
chief financial officer. "At TELUS, we are firmly committed to full and fair
financial disclosure and best practices in corporate governance, so to receive
formal recognition for our team's efforts is truly gratifying."
    In another first, TELUS landed the Award of Excellence in Sustainable
Development Reporting. The practice of auditing non-financial metrics was
recognized as industry leading as was TELUS' clear and measurable targets to
integrate social responsibility and sustainability into its core business
strategy. The CICA panel of judges appreciated the efforts TELUS made to
communicate credible non-financial information to the public. TELUS includes
an audit of the majority of economic, community, workplace and environmental
indicators to create a report that shows TELUS has become a leader in
sustainability reporting.
    TELUS won the Award of Excellence for the third time in the Corporate
Governance Disclosure category. The CICA praised TELUS for its practices in
disclosure, governance and code of ethics. "TELUS is a clear cut winner in
this area," said the judges. The exemplary practices as noted by the judges
include an extensively detailed ethics policy, an easy to navigate Corporate
Governance section on, specific corporate governance education as a
part of continuing education and a unique insider trading policy, just to name
a few.
    The CICA Award of Excellence for Corporate Reporting in the
Communications and Media category also went to TELUS for its 2006 Annual
Report. This is the 13th consecutive year the CICA has recognized TELUS for
excellence in corporate reporting. The judges also called the TELUS 2006
Annual Report "a good read and goes beyond what you would expect" and they
were "impressed with how measures, targets and outcomes were thought out."
TELUS' scorecard disclosure was highlighted, impressing judges with how
measures, targets and outcomes were thought out.
    TELUS was gratified to have received for the first time Honourable
Mention for Excellence in Financial Reporting, and was singled out for its
detailed disclosure and model scorecard. "The scorecard is nothing short of
excellent with forthright discussion of what to expect, what was expected and
what occurred," commented the judging panel.
    The independent judging panel includes members of the CICA, the Canadian
Investor Relations Institute, the Toronto CFA Society, the International
Institute for Sustainable Development and the Institute of Corporate
    To view the 2006 TELUS Annual Report online, please visit

    About TELUS

    TELUS (TSX: T, T.A; NYSE:   TU) is a leading national telecommunications
company in Canada, with $9.0 billion of annual revenue and 11.0 million
customer connections including 5.4 million wireless subscribers, 4.4 million
wireline network access lines and 1.2 million Internet subscribers. TELUS
provides a wide range of communications products and services including data,
Internet protocol (IP), voice, entertainment and video. Committed to being
Canada's premier corporate citizen, we give where we live. Since 2000, TELUS
and our team members have contributed more than $91 million to charitable and
non-profit organizations and volunteered more than 1.7 million hours of
service to local communities. Eight TELUS Community Boards across Canada lead
our local philanthropic initiatives. For more information about TELUS, please

For further information:

For further information: Media: Shawn Hall, (604) 697-8176,; Investors: Robert Mitchell, (416) 279-3219,

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