fourth quarter review & conference call February 17, 2006 Darren Entwistle member of the TELUS team the future is friendly

highlights  Demonstrated continued wireless excellence  Resilience of wireline despite labour disruption  Achieved strong TELUS consolidated 2005 results  Revenue 7%  EBITDA 7%  Net income 24%  Free cash flow 13%   All 2005 consolidated targets achieved / 88% in last 6 years  

highlights by segment  Wireless industry annual growth accelerated in Canada  Wireless segment continued excellent results  Revenue up 17% & EBITDA up 26%  Cash flow up 32% to $1.0 billion  Wireline segment resilient despite labour disruption  Revenue up 1.6%  data up 8% & long distance down 4%  EBITDA down 5%, up 2% normalizing for labour  Cash flow strong at $938 million Q4 product launches: EVDO & TELUS TV

6 Leading global telecom performance Revenue EBITDA Cash flow** EPS World Rankings* TELUS performs well relative to global telecom peers Growth top quartile No.1 top quartile No.2 top quartilenmfNo E No.1 top quartile top half * Source: TD Securities data on major global incumbent telecoms ** EBITDA less capital expenditures

7 Benefits of new collective agreement  Ratified 5 year collective agreement to Nov  All corporate objectives met without exception  Return to work program – best in class  Excellent employee engagement  Allows management to productively run the business  outsourcing, consolidating, scheduling  Supports a performance culture  Work with TWU to have all legal proceedings dismissed Enhances TELUS ability to focus on customers and to compete

8  Continued focus in 2005 and 2006  December debt redemption $1.6 billion  Share repurchases total $970 million to date  Second share repurchase program underway  Second step of dividend growth model  37.5% increase Jan 2006 Focus on sustainable value creation over the long-term Returning significant capital to investors

9  Advance TELUS’ leadership position in the Consumer market  Advance TELUS position in the Business market  Advance TELUS position in the Wholesale market  Drive improvements in productivity and service excellence  Strengthen the spirit of the TELUS team and brand, and develop the best talent in global communications industry 2006 priorities support national growth strategy Continued on strategy execution for benefit of investors