TELUS CORPORATION

Ticker: TU CUSIP: 87971M103 Class: COM

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

Note: Option positions (PUT/CALL) are excluded.

Q4 2016

Shares 16,269 Value ($000) $696 Avg Close $15.94 Range $15.15 - $16.61

Q3 2016

Shares 22,769 Value ($000) $986 Avg Close $16.53 Range $15.75 - $17.06

Q2 2016

Shares 30,369 Value ($000) $1,263 Avg Close $15.84 Range $15.32 - $16.41

Q1 2016

Shares 30,369 Value ($000) $1,284 Avg Close $14.39 Range $12.17 - $16.48

Q4 2015

Shares 43,273 Value ($000) $1,656 Avg Close $15.56 Range $13.19 - $16.93

Q3 2015

Shares 43,273 Value ($000) $1,820 Avg Close $16.63 Range $15.53 - $17.45

Q2 2015

Shares 52,611 Value ($000) $2,262 Avg Close $17.16 Range $16.48 - $17.77

Q1 2015

Shares 40,529 Value ($000) $1,705 Avg Close $17.29 Range $16.27 - $18.09

Q4 2014

Shares 33,212 Value ($000) $1,391 Avg Close $18.01 Range $16.38 - $19.47

Q3 2014

Shares 27,712 Value ($000) $1,059 Avg Close $17.83 Range $17.05 - $18.84

Q2 2014

Shares 51,375 Value ($000) $2,043 Avg Close $18.29 Range $16.95 - $19.38

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	16,269	$696	$15.94	$15.15 - $16.61
Q3 2016	22,769	$986	$16.53	$15.75 - $17.06
Q2 2016	30,369	$1,263	$15.84	$15.32 - $16.41
Q1 2016	30,369	$1,284	$14.39	$12.17 - $16.48
Q4 2015	43,273	$1,656	$15.56	$13.19 - $16.93
Q3 2015	43,273	$1,820	$16.63	$15.53 - $17.45
Q2 2015	52,611	$2,262	$17.16	$16.48 - $17.77
Q1 2015	40,529	$1,705	$17.29	$16.27 - $18.09
Q4 2014	33,212	$1,391	$18.01	$16.38 - $19.47
Q3 2014	27,712	$1,059	$17.83	$17.05 - $18.84
Q2 2014	51,375	$2,043	$18.29	$16.95 - $19.38