1. Darren Entwistle member of the TELUS team August 3, 2007 Q2 2007 TELUS investor conference call

2.  TELUS pursued discussions on benefits of acquisition to June 26  Potential for TELUS to pursue offer on investment grade model  Completed assessment of this opportunity considering  Disadvantageous auction process  Substantive price offered by private equity consortium  Deteriorating debt market conditions  Positive benefits of not bidding  Timeline and uncertain outcome of competition approval  Risk to TELUS shareholders  TELUS does not intend to submit a competing offer Decision on BCE acquisition 4 Stand-alone TELUS can continue to create future value

3. Wireline highlights – Q2 2007 5 Committed to consolidated care platform and its benefits  Resilient wireline revenue as per operating strategy  Data growth continues to be strong at 8%  Moderate NAL loss at 3%  Converted Alberta consumers to new customer care platform  Critical billing function performed well  Initial difficulties reduced capability for new orders  Additional resources impacted EBITDA by $29 million  Backlogs and call centre operations returning to normal

4.  Major $200 million contract with Department of National Defence  Local forbearance in key markets beginning  Fort McMurray residential service deregulated July 25 th  Large urban markets waiting for deregulation decisions  Vancouver, Victoria, Calgary, Edmonton, and Rimouski Wireline highlights – Q2 2007 6 Continued resiliency in wireline New regulatory framework based on market forces

5. Wireless highlights – Q2 2007 7  Wireless Number Portability impacts  Churn increased 15 basis points  Higher gross and net additions contributed to higher COA  Investment in customer retention increased 32%  Wireless revenue growth of 11%  18 th consecutive quarter of increased year over year ARPU  Data revenue growth up 64%  Operating profit (EBITDA) increased by 3% Continued resiliency in wireline Reiterating full year wireless segment guidance

6. Wireless highlights – Q2 2007 8  AMP’D Mobile entered bankruptcy proceedings in U.S.  TELUS discontinuing sales in Canada  Continued rollout of high-speed EVDO and EVDO Rev A network  Introduction of new CDMA/GSM Blackberry World Edition  Advanced Wireless Services spectrum auction  Rules expected in fall for auction early 2008  TELUS advocates an open and fair auction process Continued resiliency in wireline Canadian wireless industry remains competitive and successful

7. Consolidated highlights – Q2 2007 9 Strongly positioned to advance growth strategy  Committed to improving performance in coming quarters  Second quarter impacted by special events  Committed to original consolidated guidance for 2007  Balancing interests of debt and equity holders  Refinanced $1.5 billion 7.5% notes at lower interest cost  Repurchased $170 million of shares in quarter  Repurchased 45.6 million shares for $2.1 billion since 2004  Quarterly per share dividend 37.5 cents, up 36%