CHORUS LIMITED — Capital/Financing Update 2018

Dec 5, 2018

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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

6 December 2018

NOTIFICATION OF ISSUE OF SECURITIES

For the purposes of Listing Rule 7.12.1 Chorus Limited (NZX: CNU ) advises that the following securities have been issued pursuant to its unsecured, unsubordinated, re-setting fixed rate bond offer:

• a) Class of Securities

ISIN

Ticker Code

• b) Number of CNU020 bonds issued

• c) Issue price

• d) Payment

• e) Amount paid up

• f) Principal terms of Securities (other than for Quoted Securities)

• g) Percentage of CNU020 bonds issued

• h) Reason for issue

Unsecured, unsubordinated, re-setting fixed rate debt securities

NZCNUDT003C6

CNU020

500,000,000

• $1.00 per bond

Cash

Paid in full

• Not applicable

100%

Allotment under Final Terms Sheet dated 23 November 2018, the proceeds of which will be used for general corporate purposes

• i) Specific authority for issue Resolution of directors

• j) Terms or details of issue

• k) Total number of CNU020 bonds in existence after issue

• l) Treasury Stock (acquisition only)

As set out in the Supplemental Trust Deed dated 14 November 2018 and Final Terms Sheet dated 23 November 2018

500,000,000

Not applicable

• m) Date of issue 6 December 2018

Yours faithfully

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Elaine Campbell General Counsel & Company Secretary