Chorus Limited (NS) — Director's Dealing 2019

Oct 20, 2019

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Ongoing Disclosure Notice

Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(1) and 298(1), Financial Markets Conduct Act 2013

ToNZX Limited; and
Name of listed issuer:		Chorus Limited
Date this disclosure made:		21/10/2019
Date of last disclosure:		21/09/2018
Director or senior managergiving disclosure
Full name(s):		Ian Bonnar
Name of listed issuer:		Chorus Limited
Name of related body corporate (if applicable):		N/A
Position held in listed issuer:		General Manager Corporate Relations

Director or senior managergiving disclosure
Full name(s):		Ian Bonnar
Name of listed issuer:		Chorus Limited
Name of related body corporate (if applicable):		N/A
Position held in listed issuer:		General Manager Corporate Relations
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:		Chorus Limited ordinaryshares
		(1) Vesting of beneficial interest in 11,027
		ordinary shares pursuant to 2016 three
		year LTI grant.
Nature of the affected relevant interest(s):		(2) Vesting of beneficial interest in 133 ordinary shares under Chorus' Employee
		Equity Building Scheme (2016 three year
		grant).
		(3) Registered holder and beneficial
		owner.
For that relevant interest-
Number held in class before acquisition or disposal:		(1)+ (2) 11,160
		(3)13,947
Number held in class after acquisition or disposal:		(1) +(2) 0 (3)25,107
Current registered holder(s):		(1) Chorus LTI Limited (2) Trustees Executors Limited
		(3)Ian Bonnar
Registered holder(s)once transfers are registered:		(1)+(2)+(3)Ian Bonnar
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:		N/A
Class of underlyingfinancialproducts:
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying
financialproducts(if any):		N/A
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 payable
under the derivative or the value of the derivative is affected by the value of the
underlying 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
relevantinterestinthe derivative:

Details of transactions giving rise to acquisition or disposal Total number of transactions to which notice relates:

2

Details of transactions requiring disclosure-

Date of transaction:		(1) 17/10/2019 (2)30/09/2019
Nature of transaction:		(1) Vesting of ordinary shares pursuant to Chorus' LTI (2016 three year grant) (2) Vesting of ordinary shares pursuant to Chorus' Employee Equity Building Scheme(2016 threeyeargrant).
Name of anyotherpartyorparties to the transaction(if known):		(1) Chorus LTI Trustee Limited (2) Trustees Executors Limited as trustee under Chorus' Employee Equity Building Scheme
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:		(1) 0 (2)0
Number of financialproducts to which the transaction related:		(1) 11,027 (2)133
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 duringa closedperiod:		No
Whether prior written clearance was provided to allow the acquisition or disposal to proceed duringthe closedperiod:		N/A
Date of theprior written clearance(if any):		N/A
Summary of other relevant interests after acquisition or disposal: Class ofquoted financialproducts: 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,-
		Chorus Limited ordinaryshares
		Beneficial interest in other ordinary shares pursuant to Chorus LTI
		20,113
		Chorus LTI Trustee Limited
		N/A
The notional value of the derivative (if any) or the notional amount of underlying financial products (if any):		N/A
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 underlyingfinancialproducts:
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:
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 authorisedperson:
		18/10/2019
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
Name and title of authorisedperson: