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CHORUS LIMITED Capital/Financing Update 2025

May 18, 2025

64680_rns_2025-05-18_5c597c22-bcfd-4d8e-9a8a-03a1e87026b4.pdf

Capital/Financing Update

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

Email: [email protected]

STOCK EXCHANGE ANNOUNCEMENT

19 May 2025

Capital Notes offer timing

On 9 May 2025, Chorus lodged a product disclosure statement (PDS) in relation to an offer of Capital Notes, with the offer expected to open today, 19 May 2025.

Chorus is awaiting confirmation from S&P Global Ratings (S&P) of its equity content treatment of the Capital Notes given the level of Chorus’ hybrid capital.

The offer will be delayed from the timetable set out in the PDS until this confirmation is received.

Chorus will then provide a revised offer timetable.

Authorised by: Drew Davies Chief Operating Officer

ENDS

For further information:

Nathan Beaumont

Head of Corporate Relations Mobile: +64 (4) 896 4352 Email. [email protected]

Brett Jackson

Investor Relations Manager Phone: +64 4 896 4039 Mobile: +64 (27) 488 7808 Email: [email protected]