Q TELUS investor conference call Darren Entwistle member of the TELUS team August 4, 2006

Improving Canadian wireless industry* Q2 economics Wireless industry remains vibrant and investing in growth 4  Wireless industry revenue up 17%, subscribers up 11%  ARPU up 5% and churn down to 1.6%  Lifetime revenue up 8%  Average COA trend reverses down from Q1  EBITDA up 22%, 43.5%, cash flow up 24% * TELUS, BCE and Rogers

Push to implement the Telecom Policy Report 5  Supporting TPR panel and Industry Canada’s thought leadership  2005 VoIP decision referred by Cabinet back to CRTC  Local forbearance decision – appealed  Mobile TV broadcasting not regulated  Third local price cap proceeding underway for 2007 Other CRTC developments Opportunity for positive regulatory and policy change

Total subscriber connections Connections increasing with strong wireless and Internet growth 6 Wireless High-speed Internet Dial-up Internet Res NALs Bus NALs (millions) Q Q Q – second quarter review

Q2 review - consolidated 7  2006 consolidated guidance updates  Revenue up $25M to $8.625 to $8.725B  EPS range increased 50 cents to range of $2.90 to $3.10  Capital expenditures up 3% to approx. $1.6B

Q2 review - wireline 8  Moderate NAL decline and strong high speed Internet growth  Competition affecting LD revenue and non-ILEC  TELUS resilient relative to North American industry  Operating themes  Stabilize traditional services  Continue Future Friendly Home applications  Continue productivity and efficiency programs

Q2 review – wireline efficiency Efficiency programs to continue with fourth phase 9  Efficiency programs ongoing since 2001  Facilitated by new collective agreement  Three broad categories  Outsourcing  Consolidations  Process improvements  $30M restructuring charges in Q2 / $81M last 3 quarters

Q2 review - wireless High speed EVDO deployment catalyst for further data growth 10  Strong revenue growth of 18%  ARPU up for 14 th consecutive quarter (yr over yr) due to data  EBITDA up 20% and margin up to 46.4%  EVDO network rolled out to 19 communities across Canada

Amp’d Mobile – Canada Powered by TELUS

Exclusive arrangement and investment 12  Amp’d Mobile responsible for marketing, freshest and exclusive entertainment content, and optimized handsets  TELUS responsible for managing sales and distribution, billing, client care, network options and pricing  Targeting 18 to 35 age demographic and lifestyle  Exclusive licensing and service agreement – not a traditional MVNO  Amp’d Mobile is a premium brand with high ARPUs focused on mobile media not traditional voice and postpaid focus  TELUS Ventures investing US $7.5M in Amp’d Mobile, Inc.

Peter Adderton Founder & Chief Executive Officer

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Amp’d Investors 15

Amp’d Is Mobile Media 16

Q TELUS investor conference call Darren Entwistle member of the TELUS team 17