TELUS CORPORATION

Ticker: TU CUSIP: 87971M103 Class: COM

PenderFund Capital Management Ltd.'s Holding History (CIK: 0001706164)

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

Q1 2019

Shares 6,770 Value ($000) $336 Avg Close $17.67 Range $16.35 - $18.68

Q4 2018

Shares 6,770 Value ($000) $312 Avg Close $17.40 Range $16.23 - $18.62

Q3 2018

Shares 6,770 Value ($000) $304 Avg Close $18.31 Range $17.59 - $18.85

Q2 2018

Shares 6,770 Value ($000) $327 Avg Close $17.69 Range $17.18 - $18.11

Q1 2018

Shares 6,770 Value ($000) $308,000 Avg Close $18.25 Range $17.14 - $19.10

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2019	6,770	$336	$17.67	$16.35 - $18.68
Q4 2018	6,770	$312	$17.40	$16.23 - $18.62
Q3 2018	6,770	$304	$18.31	$17.59 - $18.85
Q2 2018	6,770	$327	$17.69	$17.18 - $18.11
Q1 2018	6,770	$308,000	$18.25	$17.14 - $19.10