Mr. Drazen Lalovic of Telus reports

TELUS AND CIBC TEAM UP TO ADD VALUE TO CANADIANS' EVERYDAY PURCHASES WITH NEW CREDIT CARD

Telus Corp. and Canadian Imperial Bank of Commerce have launched the CIBC Telus Rewards Visa card, a new co-branded credit card that delivers reward options to Telus and CIBC customers. Part of the new Telus rewards program and an extension of CIBC's broad lineup of credit cards, the CIBC Telus Rewards Visa card will offer Telus loyalty rewards to clients on their everyday spending.

Customers can earn reward points on everyday card purchases which can be redeemed for a selection of Telus products and services, including the latest smart phones and tablets, charitable donations, travel passes and Telus prepaid cards that can be used on a variety of products, including wireless accessories. "As part our commitment to put customers first in everything we do, we are constantly looking for new ways to enhance our customers' experience while also making their lives easier," said Drazen Lalovic, vice-president, emerging markets and capital planning, Telus. "Not only does this program bring customers more value for their everyday spending; it also gives them a new way to save on their next Telus purchase, whether they're upgrading their device, activating a tablet, buying a new wireless accessory, donating to a charity or more."

"As a recognized leader in mobile innovation, we know how much Canadians love their smart phones, and we're delighted to partner with Telus to bring greater choice, and deliver everyday value and rewards to our clients," says Jenny Fagg, executive vice president, products and payments, CIBC. "With our new co-branded card, clients are able to earn rewards that will allow them to upgrade to the newest smart phones, accessories and mobile services they want, faster and at lower cost. Strategic partnerships like the one we have with Telus enable CIBC to deliver banking that is easy, flexible and personalized to our clients."

Using the CIBC Telus Rewards Visa card to earn Telus reward points is easy and convenient. Customers can:

• Earn one point for every dollar spent using the rewards card;
• Earn 1.5 points on all rewards card purchases at groceries and gas retailers;
• Earn 1.5 points on Telus purchases made on the rewards card -- paying their monthly bill, purchasing accessories or mobile devices, and others;
• Earn additional points by signing up for preauthorized payments and e-bills, adding services to their account, including Optik TV, or adding additional subscribers;
• Enjoy no annual fee.

Customers can easily access their rewards account via the Telus rewards portal and view account information, including point accumulation, points balance, activity on their rewards account and redemption options. The CIBC Telus Rewards Visa card is available now. For more information or to apply for the CIBC Telus Rewards Visa card, visit the Telus website or the CIBC website, drop in to a CIBC branch or call CIBC credit card services at 1-800-465-4653. Customers will be able to apply for the card in-store at Telus locations across Canada later this year.