Mason Capital Comments on TELUS Press Release Regarding ISS and Glass Lewis Reports

Mason Capital Management LLC today issued the following statement in response to the press release issued today by TELUS Corporation

regarding the reports issued on April 23, 2012, by Institutional Shareholder Services and Glass Lewis & Co. regarding the proposal by TELUS to convert all of its non-voting shares into voting shares on a one-to-one basis: “TELUS' claims of ISS and Glass Lewis support are premature. ISS and Glass Lewis did not have the benefit of the reasons for voting against TELUS' proposed share reorganization, which Mason publicly announced yesterday. Glass Lewis has retracted their report and ISS will review our analysis and rationale and update their recommendation accordingly. In addition, TELUS' announcement that it is now offering cash for retail shareholder votes in favor of their plan only demonstrates that the right to vote has real value.”