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2
FORWARD LOOKING STATEMENTS
This annual information form and management’s discussion and analysis incorporated by
reference hereto, contain statements about expected future events and financial and operating
results of TELUS Corporation (“TELUS” or the “Company”) that are forward looking. By their
nature, forward-looking statements require the Company to make assumptions and are subject to
inherent risks and uncertainties. There is significant risk that predictions and other forward-
looking statements will not prove to be accurate. Readers of this document are cautioned not to
place undue reliance on our forward-looking statements as a number of factors could cause
actual future results, conditions, actions or events to differ materially from the operating targets,
expectations, estimates or intentions expressed in the forward-looking statements. Factors that
could cause actual results to differ materially include but are not limited to: competition;
technology (including reliance on systems and information technology); regulatory
developments; human resources (including possible labour disruptions); business integrations
and internal reorganizations; process risks (including the conversion of legacy systems and
security); financing and debt requirements (including share repurchases and debt redemptions);
tax matters; health, safety and environment developments; litigation and legal matters; business
continuity events (including man-made and natural threats); economic growth and fluctuations;
and other risk factors discussed herein and listed from time to time in TELUS’ reports, public
disclosure documents or other filings with securities commissions in Canada (filed on SEDAR at
www.sedar.com) and the United States (filed on EDGAR at www.sec.gov). See “Management’s
Discussion and Analysis – Section 10 Risks and risk management” in TELUS’ 2005 Annual
Report – Financial Review for further information.
TELUS
TELUS was incorporated under the Company Act (British Columbia) (the “BC Company Act”)
on October 26, 1998 under the name BCT.TELUS Communications Inc. (“BCT”). On
January 31, 1999, pursuant to a court-approved plan of arrangement under the Canada Business
Corporations Act (“CBCA”) among BCT, BC TELECOM Inc. (“BC TELECOM”) and the
former Alberta-based TELUS Corporation (“TC”), BCT acquired all of the shares of BC
TELECOM and TC in exchange for Common Shares and Non-Voting Shares of BCT, and BC
TELECOM was dissolved. On May 3, 2000, BCT changed its name to TELUS Corporation and
in February 2005, the Company transitioned under the Business Corporations Act (British
Columbia) (the “New BC Act”), successor to the BC Company Act. TELUS maintains its
registered office at Floor 21, 3777 Kingsway, Burnaby, British Columbia (“B.C.”) and its
executive office at Floor 8, 555 Robson, Vancouver, B.C.
Subsidiaries of TELUS
As of December 31, 2005, the only material subsidiaries of TELUS are TELUS Communications
Inc. (“TCI”) and TELE-MOBILE COMPANY (“TELE-MOBILE”), each owning assets which
constitute more than 10 per cent of the consolidated assets of TELUS as at December 31, 2005
and each generating sales and operating revenues which exceed 10 per cent of the consolidated
sales and operating revenues of TELUS for the year ended December 31, 2005. TELUS owns