Chorus Limited (NS) — Earnings Release 2021

Jul 11, 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

12 July 2021

Q4 FY21 overview

Total fixed line connections declined by 16k to 1,340,000*

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

• fixed wireless providers continued targeted sales campaigns to their fixed line customers

• voice only disconnections increased to 14k (Q3: -11k)

Total broadband connections declined by 1k to 1,180,000 * (Q3 FY21: -2k)

• COVID-19 impact on net migration continues to constrain broadband growth below historic rate

• increase of 5k connections in Chorus UFB zone driven by Chorus incentive and migration campaigns

• market reports indicate smaller retailers continue to grow broadband market share

• Vodafone and Skinny introduced $55 and $50 4G unlimited fixed wireless plans; 5G plans in some areas

Fibre broadband connections increased by 29k (Q3 FY21: +29k)

• fibre uptake across the completed UFB footprint grew from 64% to 65%

• strongest quarterly fibre growth was in the Queenstown and Wellington-Kapiti regions

• 1Gbps connections increased 14k and are now 19% of GPON connections

• average monthly data usage on fibre increased to 500GB, up from 491GB in March (including upstream traffic)

• streaming traffic continues to grow with highest June throughput of 2.97Tbps on Queen’s Birthday

*totals exclude 10,000 broadband connections Chorus is partly subsidising for 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