Accordingly, this report is subject to the disclaimer and qualified in its entirety by the assumptions (including assumptions for qualifications and risk factors referred to in the Caution regarding forward-looking statements in the 2010 Management’s discussion and analysis (MD&A) starting on page 38 of TELUS’ 2010 Annual Report (telus.com/annualreport), Section 10: Risks and risk management in TELUS’ 2010 MD&A, as well as updates in the first quarter MD&A, and in other TELUS public disclosure documents and filings with securities commissions in Canada (on SEDAR at sedar.com) and in the United States (on EDGAR at sec.gov).