Transcript Slide 1

TELUS forward looking statements
This session and answers to questions contain forward-looking statements that
require assumptions about expected future events including 2007 targets,
competition, financing, financial and operating results, and regulation that are
subject to inherent risks and uncertainties. There is significant risk that predictions
and other forward looking statements will not prove to be accurate so do not place
undue reliance on them.
Factors that could cause actual results to differ materially include but are not limited
to: competition; capital expenditure levels (including possible spectrum purchases);
financing and debt requirements (including share repurchases, debt redemptions
and refinancing plans); tax matters (including deferral of payment of significant cash
taxes); regulatory developments (including local forbearance, local price cap
regulation and wireless number portability); process risks (including conversion of
legacy systems and billing system integrations); and other risk factors discussed
herein and listed from time to time in TELUS’ reports.
There are many factors that could cause actual results to differ materially. For a full
listing and description of the potential risk factors and assumptions, please refer to
the TELUS 2005 annual report and updates in the 2006 quarterly reports (see
Section 10 Risks and Risk Management in Management’s discussion and analysis),
2007 targets news release issued on Dec. 14, 2006 and other filings with securities
commissions in Canada (sedar.com) and the United States (sec.gov).
All dollars referenced are in C$ unless otherwise specified.