TELUS CORPORATION

Ticker: TU CUSIP: 87971M103 Class: COM

Cambria Investment Management, L.P.'s Holding History (CIK: 0001529389)

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

Q2 2016

Shares 11,587 Value ($000) $373 Avg Close $15.84 Range $15.32 - $16.41

Q1 2016

Shares 12,763 Value ($000) $415 Avg Close $14.39 Range $12.17 - $16.48

Q4 2015

Shares 47,096 Value ($000) $1,302 Avg Close $15.56 Range $13.19 - $16.93

Q3 2015

Shares 50,148 Value ($000) $1,582 Avg Close $16.63 Range $15.53 - $17.45

Q2 2015

Shares 62,792 Value ($000) $2,163 Avg Close $17.16 Range $16.48 - $17.77

Q1 2015

Shares 62,356 Value ($000) $2,073 Avg Close $17.29 Range $16.27 - $18.09

Q4 2014

Shares 59,304 Value ($000) $2,137 Avg Close $18.01 Range $16.38 - $19.47

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	11,587	$373	$15.84	$15.32 - $16.41
Q1 2016	12,763	$415	$14.39	$12.17 - $16.48
Q4 2015	47,096	$1,302	$15.56	$13.19 - $16.93
Q3 2015	50,148	$1,582	$16.63	$15.53 - $17.45
Q2 2015	62,792	$2,163	$17.16	$16.48 - $17.77
Q1 2015	62,356	$2,073	$17.29	$16.27 - $18.09
Q4 2014	59,304	$2,137	$18.01	$16.38 - $19.47