Chorus Limited (NS) — Earnings Release 2021

Apr 14, 2021

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

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Email: company.secretary@chorus.co.nz

STOCK EXCHANGE ANNOUNCEMENT

15 April 2021

Q3 FY21 overview

Total fixed line connections declined by 13k to 1,356,000*

Copper broadband and voice connections declined by 42k (Q2 FY21: -50k; Q3 FY20: -44k)

• fixed wireless providers are continuing inertia selling campaigns to their fixed line customers

• 2degrees has begun promoting fixed wireless

• Vodafone introduced new $40 4G fixed wireless plan with 60GB data

Total broadband connections declined by 2k to 1,181,000 * (Q2 FY21: -10k; Q3 FY20: -4k)

• return of students from holidays helped restore some prior period disconnections

• COVID-19 impact on net migration and population growth continues to constrain broadband growth

Fibre broadband connections increased by 29k (Q2 FY21: +29k; Q3 FY20: +32k)

• 1Gbps consumer connections increased 7k

• fibre uptake across the completed UFB footprint grew from 63% to 64%, with Chorus’ managed migrations programme adding another 7k activations

• average monthly data usage on fibre increased to 491GB, up from 460GB in Dec (including upstream traffic)

• Sky TV began promoting fibre broadband to its existing customer base towards the end of Q3

*totals exclude the 11,000 broadband connections Chorus is currently providing free to student households

Authorised by: JB Rousselot Chief Executive Officer

ENDS

For further information:

Steve Pettigrew Head of External Communications Mobile +64 (27) 258 6257 Email: Steve.Pettigrew@chorus.co.nz

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