CHORUS LIMITED — Capital/Financing Update 2013

Feb 25, 2013

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STOCK EXCHANGE ANNOUNCEMENT 26 February 2013

Chorus Limited Level 9 Datacom House 68-86 Jervois Quay P O Box 632 Wellington New Zealand Email: company.secretary@chorus.co.nz

Please find attached amended NZX Appendx 7 clarifying “DRP applies”.

ENDS

For further information:

Brett Jackson, Investor Relations Manager Mobile: +64 (27) 488 7808 / Email: brett.jackson@chorus.co.nz

APPENDIX 7 – NZSX Listing Rules NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10 For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required Notice of event affecting securities	APPENDIX 7 – NZSX Listing Rules NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10 For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required Notice of event affecting securities	APPENDIX 7 – NZSX Listing Rules NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10 For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required Notice of event affecting securities	APPENDIX 7 – NZSX Listing Rules NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10 For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required Notice of event affecting securities	APPENDIX 7 – NZSX Listing Rules NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10 For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required Notice of event affecting securities	APPENDIX 7 – NZSX Listing Rules NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10 For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required Notice of event affecting securities	APPENDIX 7 – NZSX Listing Rules NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10 For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required Notice of event affecting securities	APPENDIX 7 – NZSX Listing Rules NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10 For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required Notice of event affecting securities	APPENDIX 7 – NZSX Listing Rules NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10 For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required Notice of event affecting securities	APPENDIX 7 – NZSX Listing Rules NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10 For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required Notice of event affecting securities	APPENDIX 7 – NZSX Listing Rules NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10 For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required Notice of event affecting securities	APPENDIX 7 – NZSX Listing Rules NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10 For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required Notice of event affecting securities	APPENDIX 7 – NZSX Listing Rules NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10 For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required Notice of event affecting securities	APPENDIX 7 – NZSX Listing Rules NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10 For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required Notice of event affecting securities	APPENDIX 7 – NZSX Listing Rules NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10 For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required Notice of event affecting securities											EMAIL: announce@nzx.com	EMAIL: announce@nzx.com	EMAIL: announce@nzx.com	EMAIL: announce@nzx.com	EMAIL: announce@nzx.com	EMAIL: announce@nzx.com	EMAIL: announce@nzx.com	EMAIL: announce@nzx.com	EMAIL: announce@nzx.com
																								N (P d	umber of pages including this one lease provide any other relevan etails on additional pages) 1
Full name of Issuer Name of officer make this notice Contact phone number
		CHORUS LIMITED
		authori	sed to												Authority for e.g. Directors					event, ' resolution			Dat	e
							ANDREW CARROLL																		DIRECTORS' RESOLUTION
										Contact fax number
			(04)	498 9331											(04) 499 7070											25 2						2013
Nature of eve Tick as appropr		nt iate		Bonus Issue Rights Issue			If ticked, state whether: Capital Ca			Taxable ll Dividend					/ Non Taxable Conv If ticked, state F					ersion ull						Rights Issue Interest Renouncable
				non-renouncable			change						√		whether: Interim			√	Y	ear				Special				DRP Applies		√
EXISTING se Description of th class of securiti		curitie e es	s affe	cted by this						If more than one security is affected by the event, use a se										parate form			ISIN
				ORDINARY		SHARE																					NZCNUE0001S2
																											If		unknown, contact NZX
Details of se		curitie	s issu	ed pursuant t	o t	his event				If more than one class of security is to be iss										ued, use a			sepa ISIN	rate form			for e		ach class
Description of the class of securities Number of Securities to be issued following eve			nt
																	Minimum Entitlement										If R		unknown, contact NZX atio, e.g 1 for 2 for
Conversion, Maturity, Call Payable or Exercise Date Strike price per security for an Strike Price available.				y issue in lieu or	da												Treatment of Fractions provide an OR explanation of the ranking
						te Enter N/A if not applicable
M	onies Associated with			Event In dollars	an	Dividen d cents				d payable, Call payable, Exercise price, Convers Source of Payment							ion price, Redemption price						, Ap	plication			mone		y.
																	RETAINED												EARNINGS
	Amount per security (does not include any ex			cluded income)	$0.100
	Excluded income per security (only applicable to listed PIEs)
	Currency Total monies				NZD											Supplementary Amount per security dividend in dollars and cents details - NZSX Listing Rule 7.12.7 Date Payable													$0.017647
					$38,508,212																								12 April, 2013
T In is	axation the case of a taxable bonus sue state strike price															Amountper Security in Dollars and cents to six deci													malplaces
												Resident Withholding Tax				Imputation Credits (Give details) $0.006944
							$									$0.006944													$0.038889
												Foreign Withholding Tax				FWP Credits (Give details) $
Timing (Refer Appendix 8 in t Record Date 5pm For calculation of entitlements -					he NZ		SX Listing Rules)									Application Date Also, Call Payable, Dividend / Interest Payable, Exercise Date, Conversion Date. In the case of applications this must be the last business day of the week
							28 March, 2013																	12 April, 2013

Notice Date

Entitlement letters, call notices, conversion notices mailed

OFFICE USE ONLY

Ex Date: Commence Quoting Rights: Cease Quoting Rights 5pm: Commence Quoting New Securities: Cease Quoting Old Security 5pm:

Allotment Date

For the issue of new securities Must be within 5 business days of application closing date.

Security Code: Security Code:

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