CHORUS LIMITED — Capital/Financing Update 2025

May 29, 2025

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QUOTATION NOTICE: NZX DEBT MARKET CHORUS LIMITED (NS) (“CNU050”) NOTES

Company: Chorus Limited (NS) (“CNU”) Security Code: CNU050 ISIN: NZCNUDT007C7 Details of Issue: NZ$170 million unsecured, subordinated, redeemable, cumulative, interest-bearing capital notes Offer Opening Date: Monday, 26 May 2025 Offer Closing Date: 11:00am Thursday, 29 May 2025 Maturity Date: 6 June 2056 Interest Rate: 5.90%. The initial Interest Rate will apply until the First Reset Date (6 June 2031) Interest Payment Dates: 6 March, 6 June, 6 September and 6 December in each year up to and including the Maturity Date (unless redeemed earlier) Date of First Interest Payment: Saturday, 6 September 2025. Since Payment Date falls on a nonbusiness day, first interest payment will be made Monday, 8 September First Interest Paid To: Noteholder on Record Date Record Date: 10 calendar days before the relevant Interest Payment Date, or if that date is not a Business Day, the immediately preceding Business Day Minimum Application Amount: Minimum denomination of NZ$5,000 with multiples of NZ$1,000 thereafter Minimum Holding: NZ$5,000 Minimum Transferable Amount: NZ$1,000 Face Value: NZ$1.00 per Capital Note Supervisor: The New Zealand Guardian Trust Company Limited Joint Lead Managers: Forsyth Barr Limited as Arranger and Joint Lead Manager Bank of New Zealand as Joint Lead Manager Trust Deed Dated: Master Trust Deed dated 9 May 2025 Supplemental Trust Deed dated 9 May 2025 as amended by an Amendment Deed dated 23 May 2025

NZX Limited, Level 2, NZX Centre, 11 Cable Street, PO Box 2959, Wellington 6140, New Zealand Tel +64 4 472 7599, www.nzx.com

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Registrar:

Settlement Status:

Issue Date:

Expected Commencement of Trading on the NZX Debt Market:

Computershare Investor Services Limited

NZCDC Settlement System Friday, 6 June 2025 Monday, 9 June 2025

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Mark Peterson Chief Executive Officer NZX Limited

29 05 2025

NZX Limited, Level 2, NZX Centre, 11 Cable Street, PO Box 2959, Wellington 6140, New Zealand Tel +64 4 472 7599, www.nzx.com