Mr. Darren Entwistle reports

TELUS INVESTING $8 BILLION IN QUEBEC THROUGH 2030 TO ENHANCE CONNECTIVITY, SUPPORT AI LEADERSHIP AND DRIVE ECONOMIC GROWTH

Telus Corp. is investing more than $8 billion over the next five years to expand and enhance its network infrastructure and operations across Quebec. This commitment is part of Telus's larger commitment to deploy $66-billion across Canada by 2030 to expand and enhance its network infrastructure and operations across Canada, fueling homegrown innovation and support the prosperity of urban and rural communities. Since 2000, Telus has invested $39-billion in Quebec in technology and operations to advance connectivity, boost productivity, and support a robust national economy.

"The $66-billion announced today builds upon the $294-billion that Telus has put to work across Canada since 2000, to ensure our fellow citizens have the vital connectivity needed to thrive in today's digital world," said Darren Entwistle, president and chief executive officer of Telus. "The critical infrastructure our talented team of innovators and engineers is creating represents the 21st century equivalent to building transportation corridors that connect our country. Telus's investments over the past 26 years represent the financial equivalent of constructing 84 Canadian Pacific Railways or 58 St. Lawrence Seaways or 27 Trans-Canada Highway systems. Importantly, the connectivity we are delivering helps improve the lives of Canadians by enabling teleworking, on-line health care and education flexibility, while also accelerating Canada's digital economy for heightened productivity, innovation and competitiveness. Moreover, our 5G and PureFibre networks are supporting transformational change in respect of remediating our environment, advancing agriculture efficiency and food chain security, and bridging socioeconomic and geographic divides. Indeed, Telus's world-leading 5G network now reaches more than 90 per cent of Canada's population, while our global-best Telus PureFibre network brings the fastest and most reliable Internet technology on the planet to 3.7 million households and businesses -- and counting, covering 99 per cent of Telus's legacy copper footprint. Over the past 26 years, Telus has laid 162,000 kilometres of fibre, which is enough to circle the Earth four times. The environmental and societal benefits of replacing copper with Telus PureFibre are considerable. Notably, by recycling decommissioned copper, Telus has eliminated 9,300 tonnes of emissions -- equal to removing nearly 2,000 cars from roads for a year. Moreover, as we decommission copper from our central offices, we are redeveloping these now vacant buildings to be used as affordable, sustainable housing. By continuing to invest in our world-leading networks, we are demonstrating Telus's commitment to Always Building Canada, supporting our fellow Canadians for generations to come."

Now through 2030 in Quebec, Telus is:

Advancing Canada's tech and AI (artificial intelligence) sovereignty

• Expanding on Telus's $2-billion investment to bring the speed and connectivity of Telus PureFibre to regions of Quebec and Ontario that have not seen the benefit and scale of this investment to date, stimulating job growth, accelerating innovation and enhancing productivity.
• Building more than 60 new cell towers this year in partnership with Terrion, supported in part by funding from the government of Quebec, and deploying targeted enhancements to the company's 5G and LTE services at nearly 300 existing sites across Quebec -- significantly increasing wireless coverage and capacity to meet the evolving needs of the company's customers and communities, now and in the future.
• Strengthening Canada's AI infrastructure to meet surging demand for advanced compute power through the Telus sovereign AI factory in Rimouski -- officially ranked as the fastest and most powerful supercomputer in Canada by TOP500. The company's facility sold out following its September, 2025, launch and the company is now expanding its compute inventory to meet continued demand.
• Telus Digital is advancing Canada's sovereign AI capabilities through Fuel iX, a platform enabling Canadian companies to deploy secure, domestically controlled AI assistants. Building on industry-leading safety practices, Fuel iX Fortify addresses Canada's stringent AI security and safety requirements through automated purple teaming and rigorous testing protocols, helping organizations confidently integrate AI while maintaining control over their data and systems.

Pioneering environmental sustainability and economic prosperity

• Advancing the company's journey to net zero as part of our world-leading copper retirement program, the company continues to support the circular economy by reclaiming and repurposing legacy copper networks, helping meet Canada's need for this important resource. To date, Telus mined more than 4,600 tonnes of copper from its network and enabled a reduction of 9,300 tonnes of GHG (greenhouse gas) emissions -- equal to removing nearly 2,000 cars from roads for a year.
• Supporting indigenous economic prosperity by hosting indigenous-led AI intelligence, IndigenomicsAI and wasikan kisewatisiwin on the company's sovereign AI factory in Rimouski.
• Strengthening Canada's food sovereignty and global leadership in sustainable production through Telus Agriculture & Consumer Goods. By expanding the company's Decisive Farming agronomy services in underserved rural areas and supporting Canada's cattle producers, the company is helping farmers produce more with less. These efforts ensure a safe, affordable and efficient food supply for Canadians while delivering a critical reduction of up to 500,000 tonnes in GHG emissions by 2030.

Fostering healthy, connected communities

• Further bridging digital divides through Telus Internet, Mobility and Tech for Good, as well as empowering Canadians to stay safe on-line through Telus Wise. Since inception, these initiatives have helped bridge digital divides for over 35,000 people across the province while ensuring they remain safe in the company's digital world.
• Empowering Quebec's youth and removing barriers to help them reach their full potential. Since 2005, the Telus Friendly Future Foundation and its Telus community boards serving the entire province have directed over $27-million in grants to more than 1,600 health and education-focused charitable initiatives that support youth, and 200 student bursaries for postsecondary students. From removing financial barriers for students, to supporting numerous charity partners serving the critical needs of youth, such as the Dr. Clown Foundation, Tablee des Chefs, Swab the World Foundation and Pro-Jeunes-Est Rimouski-Neigette, Telus is committed to building a friendlier future for youth across Quebec.
• Delivering vital health care through Telus Health for Good to over 37,000 patient visits from underserved Quebecers since 2014, supported by the company's $1.8-million continuing investment in partnership with organizations like Old Brewery Mission.
• Strengthening Quebec's health care ecosystem through Telus Health, serving more than 70,000 health care practitioners with digital health solutions.
• Investing more than $5.6-million to amplify locally reflective stories and support emerging and underrepresented creators and filmmakers in Quebec through grants, production funding, training, mentorship and distribution across national platforms through Telus's content funding program maCommunaute.
• Fostering community connection through strategic partnerships with MTelus, Grand Theatre de Quebec, Festival Musique du Bout du Monde, Spect'Art, CF Montreal, Rouge et Or de l'Universite Laval, L'Oceanic de Rimouski, Drakkar de Baie-Comeau, Espace Telus Complexe Desjardins de Rimouski, Enfant soleil, Zu, Numana, Montreal Science Center, Montreal Old Port, Stoneham, Mont-Sainte-Anne and Mont-Tremblant.

Additionally since 2000, Telus, the company's team members and retirees have provided $1.85-billion in cash, in-kind contributions, time and programs, including 2.5 million days of volunteerism to communities in Canada and around the world.

These investments are consistent with Telus's capital expenditure guidance for 2026 as disclosed in the company's fourth quarter 2025 results and 2026 targets news release dated Feb. 12, 2026, and in the company's first quarter 2026 results news release dated May 8, 2026.

Telus also embraces tax morality as a means of further investing in our communities. Since 2000, and as of the end of 2025, Telus has paid approximately $65-billion in total tax and spectrum remittances to the company's federal, provincial, and municipal governments across Canada, consisting of corporate income taxes, sales taxes, property taxes, employer portion of payroll taxes, various regulatory fees and spectrum remittances, including more than $2.6-billion in taxes in 2025 alone.These funds support public works projects, education, health care, cultural pursuits, and other initiatives that improve the social and economic well-being of our communities.

About Telus Corp.

Telus is a world-leading communications technology company operating in more than 45 countries and generating over $20-billion in annual revenue with more than 21 million customer connections through its advanced suite of broadband services for consumers, businesses and the public sector. The company is committed to leveraging its technology to enable remarkable human outcomes. Telus is passionate about putting its customers and communities first, leading the way globally in client service excellence and social capitalism. Telus Health is enhancing more than 170 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. Telus Agriculture & Consumer Goods utilizes digital technologies and data insights to optimize the connection between producers and consumers. Telus Digital specializes in digital customer experiences and future-focused digital transformations that deliver value for their global clients. Guided by Telus's enduring "give where we live" philosophy, Telus continues to invest in initiatives that support education, health and community well-being. In 2023, Telus launched the Telus Student Bursary, which strives to ensure that every young person in Canada who wants a postsecondary education has the opportunity to pursue one. To date, the program has distributed over $6-million in bursaries to 2,000 students and counting. Since 2000, Telus, the company's team members and retirees have contributed $1.85-billion in cash, in-kind contributions, time and programs, including 2.5 million days of service -- earning Telus the distinction of the world's most giving company.