Chorus Limited (NS) — Capital/Financing Update 2018

Jul 12, 2018

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Chorus Limited Level 10, 1 Willis Street P O Box 632 Wellington New Zealand

Email: company.secretary@chorus.co.nz

STOCK EXCHANGE ANNOUNCEMENT

13 July 2018

Chorus Q4 FY18 Connections Update

The Q4 period to 30 June 2018 saw broadband demand grow strongly in Chorus UFB areas, with reductions in total fixed line connections consistent with Q3.

• Total fixed line connections declined by 17k to 1,526,000 in Q4 (Q3: -16k), with most of the reduction in other fibre company zones. For FY18 : total connections reduced by 76k (FY17: -125k)

• Total broadband connections grew by 3k to 1,187,000 in Q4 (Q3: +3k). For FY18 , total broadband connections increased by 1k (FY17: -40k)

• UFB uptake grew to 45% , with fibre connections now exceeding ADSL connections for the first time.

• 69% of mass market fibre connections now on 100Mbps; 1Gbps connections grew strongly to 30,000

• Peak time data demand continues to surge with 210GB monthly average household data usage in June 2018, up from 185GB in March. Fibre users average 297GB monthly, up from 268GB in March.

ENDS

For further information:

Nathan Beaumont

Stakeholder Communications Manager Phone: +64 4 896 4352 Mobile: +64 (21) 243 8412 Email: nathan.beaumont@chorus.co.nz

Brett Jackson

Investor Relations Manager Phone: +64 4 896 4039 Mobile: +64 (27) 488 7808 Email: brett.jackson@chorus.co.nz