<SEC-DOCUMENT>0000950142-21-000250.txt : 20210127
<SEC-HEADER>0000950142-21-000250.hdr.sgml : 20210127
<ACCEPTANCE-DATETIME>20210126191244
ACCESSION NUMBER:		0000950142-21-000250
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20210125
FILED AS OF DATE:		20210127
DATE AS OF CHANGE:		20210126

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TELUS CORP
		CENTRAL INDEX KEY:			0000868675
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO TELEPHONE COMMUNICATIONS [4812]
		IRS NUMBER:				980361292
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15144
		FILM NUMBER:		21556130

	BUSINESS ADDRESS:	
		STREET 1:		510 W. GEORGIA STREET
		STREET 2:		7TH FLOOR
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6B 0M3
		BUSINESS PHONE:		604-697-8044

	MAIL ADDRESS:	
		STREET 1:		510 W. GEORGIA STREET
		STREET 2:		7TH FLOOR
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6B 0M3
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>eh210127384_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 10pt 0 0; text-align: center">UNITED STATES</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. 20549</P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 10pt 0 6pt; text-align: center">FORM 6-K</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center">Report of Foreign Private Issuer<BR>
Pursuant to Rule&nbsp;13a-16 or 15d-16<BR>
under the Securities Exchange Act of 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">_____________________________________________________________________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: center"><B>For the month of January 2021<BR>
Commission File Number 001-15144</B></P>

<P STYLE="font: bold 16pt Times New Roman, Times, Serif; margin: 10pt 0 6pt; text-align: center"><FONT STYLE="font-size: 20pt">TELUS
CORPORATION<BR>
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal">(Translation of registrant's name into English)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">_____________________________________________________________________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: center"><B>23rd Floor, 510 West Georgia Street<BR>
Vancouver, British Columbia V6B 0M3<BR>
Canada</B><BR>
(Address of principal executive office)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: left">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center"><FONT STYLE="font-weight: normal">Form&nbsp;20-F&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Form&nbsp;40-F&nbsp;<FONT STYLE="font-family: Wingdings">&#254;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: left">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation&nbsp;S-T Rule&nbsp;101(b)(1). _____</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: left">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation&nbsp;S-T Rule&nbsp;101(b)(7). _____</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: justify">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 12pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: justify"></P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo; Options: Hidden -->&nbsp;<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: left">Signatures</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><B>TELUS CORPORATION</B></TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">/s/ Andrea Wood</P>
<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 5%; font-size: 4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 5%">Name:</TD>
    <TD STYLE="vertical-align: bottom; width: 30%">Andrea Wood</TD>
    <TD STYLE="vertical-align: top; width: 10%">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">Title:</TD>
    <TD STYLE="vertical-align: bottom">Chief Legal and Governance Officer</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 24pt 0 0 3in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0">Date: January 26, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo; Options: Hidden -->&nbsp;<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: center">Exhibit&nbsp;Index</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; width: 17%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Exhibit
        Number</B></FONT></P></TD>
    <TD STYLE="width: 2%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 81%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Description
        of Document</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">99.1</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt"><A HREF="eh210127384_ex9901.htm">Press release dated January 25, 2021</A></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 3; Options: Last -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo; Options: Hidden -->&nbsp;<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>eh210127384_ex9901.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Arial, Helvetica, Sans-Serif;">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>EXHIBIT 99.1</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 8pt; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; width: 50%; vertical-align: bottom">&nbsp;<IMG SRC="logo.jpg" ALT=""></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; font: 10pt Arial, Helvetica, Sans-Serif; width: 50%"><FONT STYLE="font-size: 20pt">News Release</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">TELUS announces preliminary fourth quarter
and full year 2020 results of TELUS International</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">January 25, 2021</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Vancouver, B.C.</B> &ndash; TELUS Corporation (TSX: T; NYSE: TU)
announced today that its subsidiary, TELUS International (Cda) Inc. (TELUS International), has disclosed its preliminary and unaudited
estimates of selected results for the three months and full year ended December 31, 2020. TELUS International has disclosed these
preliminary results in connection with its previously announced initial public offering. The preliminary results are presented
below.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The following information reflects preliminary estimates with respect
to such results based on currently available information, is not a comprehensive statement of TELUS International&rsquo;s financial
results and is subject to completion of its financial closing procedures.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">TELUS International&rsquo;s financial closing procedures are not
yet complete and, as a result, its actual results may change as a result of such financial closing procedures, final adjustments,
management&rsquo;s review of results, and other developments that may arise between now and the time the financial results are
finalized, and results could be outside of the ranges set forth below. These estimates should not be viewed as a substitute for
TELUS International&rsquo;s consolidated financial statements prepared in accordance with IFRS which will be available at a later
date.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Selected Financial Information (US $ millions): </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 8pt; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="11" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Three Months Ended December&nbsp;31</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="11" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Full Year Ended December&nbsp;31</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 8pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020 Estimated Range</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019<BR> Actual</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020 Estimated Range</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019<BR> Actual</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="width: 34%; text-align: left">Revenues arising from contracts with customers</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">430</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">445</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">272.5</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">1,569</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">1,584</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">1,019.6</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Net Income</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">13</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">20</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">27.3</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">95</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">102</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">69.0</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">TI Adjusted EBITDA<SUP>1</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">122</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">130</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">63.7</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">384</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">392</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">225.6</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>




<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">(1) TELUS International Adjusted EBITDA is a non-GAAP financial measure.
The most comparable GAAP measure is net income and a reconciliation to net income is presented below.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo; Options: Hidden -->&nbsp;<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 8pt; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="11" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Three Months Ended December&nbsp;31</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="11" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Full Year Ended December&nbsp;31</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 8pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020 Estimated Range</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019<BR> Actual</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2020 Estimated Range</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2019<BR> Actual</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="width: 34%; text-align: left">Net Income</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">20</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">13</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">27.3</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">102</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">95</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 8%; text-align: right">69.0</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Add back (deduct):</TD><TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 8pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 8pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 8pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 8pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 8pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 8pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 8pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 8pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 8pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 8pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 8pt">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 8pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 8pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="text-align: left; padding-left: 10.6pt">Changes in business combination related provisions</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(12.1</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(73</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(73</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(14.6</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 10.6pt">Interest expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">8.3</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">44</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">46</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">36.3</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="text-align: left; padding-left: 10.6pt">Foreign exchange</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(3</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(6</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(0.3</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2.6</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 10.6pt">Income taxes</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">18</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7.7</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">46</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">53</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">26.0</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="text-align: left; padding-left: 10.6pt">Depreciation&nbsp;and amortization</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">49</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">24.7</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">181</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">182</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">92.2</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 10.6pt">Share-based compensation expense</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">17</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6.0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">28</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">34</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">13.2</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(198,244,249)">
    <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 10.6pt">Restructuring&nbsp;and other costs</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">24</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">26</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2.1</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">57</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">59</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">6.1</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 2.5pt">TI Adjusted EBITDA</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">122</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">130</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">63.7</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">384</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">392</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">225.6</TD><TD STYLE="padding-bottom: 2.5pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>About TELUS </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">TELUS (TSX: T, NYSE: TU) is a dynamic, world-leading communications
and information technology company with $15.3 billion in annual revenue and 15.7 million customer connections spanning wireless,
data, IP, voice, television, entertainment, video and security. We leverage our global-leading technology to enable remarkable
human outcomes. Our longstanding commitment to putting our customers first fuels every aspect of our business, making us a distinct
leader in customer service excellence and loyalty. TELUS Health is Canada's largest healthcare IT provider. TELUS International
is a leading digital customer experience innovator that designs, builds and delivers next-generation solutions for global and disruptive
brands. Their services support the full lifecycle of their clients&rsquo; digital transformation journeys and enable clients to
more quickly embrace next-generation digital technologies to deliver better business outcomes.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Driven by our passionate social purpose to connect all Canadians
for good, our deeply meaningful and enduring philosophy to give where we live has inspired our team members and retirees to contribute
more than $700 million and 1.3 million days of service since 2000. This unprecedented generosity and unparalleled volunteerism
have made TELUS the most giving company in the world.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">For more information about TELUS, please visit telus.com, follow
us @TELUSNews on Twitter and @Darren_Entwistle on Instagram.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Investor Relations</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Ian McMillan</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">(604) 695-4539</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #1155CC"><U>ir@telus.com</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Media Relations</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Steve Beisswanger</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">(514) 865-2787</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #1155CC"><U>Steve.Beisswanger@telus.com</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #1155CC">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #1155CC"></P>

<!-- Field: Page; Sequence: 2; Options: Last -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #1155CC">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>logo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 logo.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M P$  A$#$0 _ /LN@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@
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ML:T])'A'P#'_ !4;_P#7E-_Z'%7HXO2GM;WE^IT5=CUS]H#_ )%Z'_K^B_\
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M2$1O"CG+*"1ZC---K8=[;#?LT7]Q?^^1_A3YGW?WA=CEA1#E5"GV '\J5WU
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H@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@ H * "@#_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
