Offer to purchase CLEARNET.pdf - About TELUS

These conditions to the offers are described under ‘‘Conditions of the Offers’’ in Section 4 of the Offers to
Purchase.
Q: HOW DO I PARTICIPATE IN THE OFFERS?
A: To tender your Clearnet shares, you should do the following:
(a) If you hold shares in your own name, complete and sign the enclosed letter of transmittal and return it
with your share certificates to the Depositary (in Canada) or the U.S. Forwarding Agent (in the United
States) at their respective appropriate addresses specified on the back cover page of the Offers to
Purchase before the expiration of the offers.
(b) If you hold your shares in ‘‘street name’’ through an investment dealer or broker, instruct your
investment dealer or broker to tender your shares before the expiration of the offers.
For more information on the timing of the offers, extensions of the offer period and your rights to
withdraw your shares from the offers before the expiry date, please refer to ‘‘The Offers to Purchase’’.
Q: WILL I BE ABLE TO TRADE THE TELUS SHARES I RECEIVE?
A: The TELUS Non-Voting Shares are listed and trade on The Toronto Stock Exchange. We are also applying
for the listing of these shares on the New York Stock Exchange.
Q: IS TELUS’ FINANCIAL CONDITION RELEVANT TO MY DECISION TO TENDER MY SHARES
IN THE OFFERS?
A: Yes. Shares of Clearnet accepted in the offers may be exchanged for TELUS Non-Voting Shares and so you
should consider our financial condition before you decide to become one of our shareholders through the
offers. In considering our financial condition, you should review the documents scheduled and incorporated
by reference in the Circular because they contain detailed business, financial and other information
about us.
Q: WHERE CAN I FIND OUT MORE INFORMATION ABOUT TELUS AND CLEARNET?
A: You can find out information about TELUS and Clearnet from various sources described under ‘‘Where
You Can Obtain More Information’’ on page iv.
Q: WILL CLEARNET CONTINUE AS A PUBLIC COMPANY?
A: If the acquisition of 100% of the equity interest in Clearnet occurs, Clearnet shares will no longer be
publicly owned. Even if the acquisition does not occur, if we purchase all the tendered shares, there may be
so few remaining Clearnet shareholders and publicly held Clearnet non-voting shares that the shares may
no longer be eligible to be quoted on The Toronto Stock Exchange, NASDAQ or other securities markets.
There may not be a public trading market for the shares.
Q: IF I DECIDE NOT TO TENDER, HOW WILL THE OFFERS AFFECT MY CLEARNET SHARES?
A: If you decide not to tender your shares in the offers and the subsequent acquisition of 100% of the equity
interest in Clearnet occurs, you will receive pursuant to the acquisition the same consideration per Clearnet
share you own as if you had tendered your shares to the offers, without interest. In connection with any
subsequent acquisition, Clearnet shareholders have a right to dissent and require appraisal of their
Clearnet shares.
Q: WHO CAN I CALL WITH QUESTIONS ABOUT THE OFFERS?
A: You can contact our information agent, Georgeson Shareholder Communications Inc., as information
agent, collect at (212) 440-9800 or toll-free at 1-800-223-2064.
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