Mason Capital Granted Expedited Appeal Of B.C. Court Decision

Mason Capital Management LLC ("Mason") today announced that the Chief Justice of the British Columbia Court of Appeal has directed that the appeal of Mason and CDS & Co., the registered holder of Mason's voting shares in TELUS Corporation (TSX:T; TSX:T.A; NYSE: TU) ("TELUS"), of the recent decision by the Supreme Court of British Columbia invalidating actions by CDS to call a general meeting of TELUS be heard on an expedited basis. The appeal is scheduled to be heard on October 4, 2012, so that this important matter may be decided prior to the October 17 meeting of TELUS shareholders.

Mason believes it has strong grounds of appeal, and that it is critical that the owners of the TELUS voting shares have the opportunity to vote on a binding change to TELUS’ articles that would establish an appropriate minimum premium for voting shares in a dual class collapse transaction.

Mason Capital Management is an investment manager based in New York.

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