Chorus Limited (NS) — Director's Dealing 2018

Sep 20, 2018

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Ongoing Disclosure Notice

Disclosure of Directors and Senior Managers Relevant Interests Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and
Name of listed issuer:		Chorus Limited
Date this disclosure made:		21-Sep-18
Date of last disclosure:		6-Oct-17

Director or senior manager giving disclosure Full name(s): Name of listed issuer: Name of related body corporate (if applicable): Position held in listed issuer:

Vanessa Oakley Chorus Limited N/A General Manager, Strategy & Business Operations

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)Class ofaffected quotedfinancialproducts:ChorusLimited ordinary sharesNature of the affected relevant interest(s):(1) August 2018 grant under Chorus' Long TermIncentive Plan (LTI) resulting in a beneficialinterest in 14,487 ordinary shares to be held ontrust by Chorus LTI Trustee Limited subject tocertain performance targets being met(2) Vesting of beneficial interest in 20,231ordinary shares pursuant to 2015 three year LTIgrant(3) Forfeiture of beneficial interest in 2,501ordinary shares pursuant to 2015 three year LTIgrant(4) Registered holder and beneficial ownerFor that relevant interest-Number held in class before acquisition or disposal:(1) 0(2) + (3) 22,732(4)27,666Number held in class after acquisition or disposal:(1) 14,487(2) + (3) 0(4) 47,897Current registered holder(s):(1), (2) + (3) Chorus LTI Trustee Limited(4)Vanessa OakleyRegistered holder(s) once transfers are registered:(1) Chorus LTI Trustee Limited(2) Vanessa Oakley(3) Chorus LTI Trustee Limited(4)Vanessa OakleySummary of acquisition or disposal of specified derivatives relevant interest (if applicable)Type of affected derivative:N/AClass of underlyingfinancialproducts:Details of affected derivative-The notional value of the derivative (if any) or the notional amount of underlying financialproducts(if any):A statement as to whether the derivative is cash settled orphysicallysettled:	Summary of acquisition or disposal of relevant interest (excluding specified derivatives)Class ofaffected quotedfinancialproducts:ChorusLimited ordinary sharesNature of the affected relevant interest(s):(1) August 2018 grant under Chorus' Long TermIncentive Plan (LTI) resulting in a beneficialinterest in 14,487 ordinary shares to be held ontrust by Chorus LTI Trustee Limited subject tocertain performance targets being met(2) Vesting of beneficial interest in 20,231ordinary shares pursuant to 2015 three year LTIgrant(3) Forfeiture of beneficial interest in 2,501ordinary shares pursuant to 2015 three year LTIgrant(4) Registered holder and beneficial ownerFor that relevant interest-Number held in class before acquisition or disposal:(1) 0(2) + (3) 22,732(4)27,666Number held in class after acquisition or disposal:(1) 14,487(2) + (3) 0(4) 47,897Current registered holder(s):(1), (2) + (3) Chorus LTI Trustee Limited(4)Vanessa OakleyRegistered holder(s) once transfers are registered:(1) Chorus LTI Trustee Limited(2) Vanessa Oakley(3) Chorus LTI Trustee Limited(4)Vanessa OakleySummary of acquisition or disposal of specified derivatives relevant interest (if applicable)Type of affected derivative:N/AClass of underlyingfinancialproducts:Details of affected derivative-The notional value of the derivative (if any) or the notional amount of underlying financialproducts(if any):A statement as to whether the derivative is cash settled orphysicallysettled:
		ChorusLimited ordinary shares
		(1) August 2018 grant under Chorus' Long TermIncentive Plan (LTI) resulting in a beneficialinterest in 14,487 ordinary shares to be held ontrust by Chorus LTI Trustee Limited subject tocertain performance targets being met(2) Vesting of beneficial interest in 20,231ordinary shares pursuant to 2015 three year LTIgrant(3) Forfeiture of beneficial interest in 2,501ordinary shares pursuant to 2015 three year LTIgrant(4) Registered holder and beneficial owner
		(1) 0(2) + (3) 22,732(4)27,666
		(1) 14,487(2) + (3) 0(4) 47,897
		(1), (2) + (3) Chorus LTI Trustee Limited(4)Vanessa Oakley
		(1) Chorus LTI Trustee Limited(2) Vanessa Oakley(3) Chorus LTI Trustee Limited(4)Vanessa Oakley
		N/A
The notional value of the derivative (if any) or the notional amount of underlying financialproducts(if any):
A statement as to whether the derivative is cash settled orphysicallysettled:
Maturitydate of the derivative(if any):
Expirydate of the derivative(if any):
Theprice specified in the terms of the derivative(if any):
Any other details needed to understand how the amount of the consideration payableunder the derivative or the value of the derivative is affected by the value of theunderlying financial products:

For that derivative,-

Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:

Details of transactions giving rise to acquisition or disposal

Total number of transactions to which notice relates: Details of transactions requiring disclosure- Date of transaction: Nature of transaction: Name of any other party or parties to the transaction (if known): The consideration, expressed in New Zealand dollars, paid or received for the acquisition or disposal. If the consideration was not in cash and cannot be readily by converted into a cash value, describe the consideration: Number of financial products to which the transaction related: If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) include the following details— Whether relevant interests were acquired or disposed of during a closed period: Whether prior written clearance was provided to allow the acquisition or disposal to proceed during the closed period: Date of the prior written clearance (if any): Summary of other relevant interests after acquisition or disposal: Class of quoted financial products: Nature of relevant interest: For that relevant interest,- Number held in class: Current registered holder(s): For a derivative relevant interest,- Type of derivative: Details of derivative,- The notional value of the derivative (if any) or the notional amount of underlying financial products (if any): A statement as to whether the derivative is cash settled or physically settled: Maturity date of the derivative (if any): Expiry date of the derivative (if any): The price's specified terms (if any): Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products: For that derivative relevant interest,- Parties to the derivative: If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:

3 31 August 2018 (1) Off market acquisition of ordinary shares by Chorus LTI Trustee Limited as trustee under Chorus' LTI (2) Vesting of ordinary shares pursuant to Chorus' LTI (2015 three year grant) (3) Forfeiture of ordinary shares pursuant to Chorus' LTI (2015 three year grant) (1), (2) + (3) Chorus LTI Trustee Limited (1) $66,163 (2) + (3) Nil (1) 14,487 (2) + (3) 22,732 No N/A N/A

Chorus Limited ordinary shares Beneficial interest in other ordinary shares pursuant to Chorus' LTI 32,561 Chorus LTI Trustee Limited N/A N/A

Certification

I certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.

Signature of director or officer:

Date of signature: or Signature of person authorised to sign on behalf of director or officer: Date of signature: Name and title of authorised person:

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20-Sep-18

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