TELUS CORPORATION

Ticker: TU CUSIP: 87971M103 Class: COM

Manitou Investment Management Ltd.'s Holding History (CIK: 0001657428)

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

Q1 2017

Shares 211,486 Value ($000) $6,853 Avg Close $16.39 Range $15.64 - $16.95

Q4 2016

Shares 212,251 Value ($000) $6,758 Avg Close $15.94 Range $15.15 - $16.61

Q3 2016

Shares 212,251 Value ($000) $7,005 Avg Close $16.53 Range $15.75 - $17.06

Q2 2016

Shares 211,786 Value ($000) $6,772 Avg Close $15.84 Range $15.32 - $16.41

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	211,486	$6,853	$16.39	$15.64 - $16.95
Q4 2016	212,251	$6,758	$15.94	$15.15 - $16.61
Q3 2016	212,251	$7,005	$16.53	$15.75 - $17.06
Q2 2016	211,786	$6,772	$15.84	$15.32 - $16.41