CHORUS LIMITED — Capital/Financing Update 2025

May 8, 2025

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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

9 May 2025

Cleansing Notice

Chorus Limited ( Chorus ) gives notice under regulation 49G(2)(e) of the Financial Markets Conduct Regulations 2014 (the Regulations ) that it proposes to make an offer for the issue of unsecured, subordinated capital notes (the Capital Notes ).

Short-form disclosure is being used for the offer of the Capital Notes, as the Capital Notes will rank in priority to its existing ordinary shares quoted on the NZX Main Board under ticker code CNU. Chorus’ shares have been continuously quoted on the NZX Main Board over the preceding three months and trading in its shares has not been suspended for a total of more than five trading days during that three month period.

As at the date of this notice, Chorus is in compliance with:

• a) the continuous disclosure obligations that apply in relation to its existing ordinary shares quoted on the NZX Main Board; and

• b) its financial reporting obligations (as defined in regulation 49H(7) of the Regulations).

As at the date of this notice, there is no information that is “excluded information” for the purposes of regulation 49H(2)(e) of the Regulations.

Authorised by:

Drew Davies Chief Operating Officer

ENDS

For further information:

Brett Jackson

Investor Relations Manager Phone: +64 4 896 4039 Mobile: +64 (27) 488 7808 Email: brett.jackson@chorus.co.nz

Nathan Beaumont

Head of Corporate Relations Phone: +64 (4) 896 4352 Email. Nathan.Beaumont@chorus.co.nz

100662928/3476-7164-7544.1