Chorus Limited (NS) — Earnings Release 2019

Apr 9, 2019

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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

10 April 2019

Chorus Q3 FY19 Connections Update

The Q3 period to 31 March 2019 saw broadband connections rebound, with UFB uptake growing to 53%.

Total fixed line connections declined by 14k to 1,472,000 in Q3 (Q3 FY18: - 16k)

• broadband growth returned to Q1 levels in Chorus fibre areas, largely offsetting declines in copper lines with no broadband

• the pace of connection losses in other fibre company zones slowed

Total broadband connections grew by 5k to 1,191,000 (Q3 FY18: +3k)

• fibre demand was strong through Q3, with 43,000 fibre installations completed

• fibre uptake within our UFB areas increased to 53% , up from 51% in December

• Waiuku and Queenstown lead with 62% uptake, while demand in Auckland is also strong at 57%

• demand for 1Gbps connections grew to 50,000 connections, up from 44,000 in December

Monthly average data usage grew to 247GB

• fibre users now averaging 329GB monthly, up from 315GB in December

• peak time data usage has begun exceeding 1.8Tbps , up from 1.3Tbps in March 2018

ENDS

For further information:

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

Nathan Beaumont

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