CHORUS LIMITED — Director's Dealing 2017

Apr 12, 2017

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Ongoing Disclosure Notice

Disclosure of Directors and Senior Managers Relevant Interests Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and
Name of listed issuer:		Chorus Limited
Date this disclosure made:		13-Apr-17
Date of last disclosure:		19-Oct-16
Director or senior managergiving disclosure
Full name(s):		Andrew Carroll
Name of listed issuer:		Chorus Limited
Name of related body corporate (if applicable):		N/A
Position held in listed issuer:		Chief Financial Officer

Summary of acquisition or disposal of relevant interest (excluding specified derivatives) Class of affected quoted financial products: Nature of the affected relevant interest(s): For that relevant interest- Number held in class before acquisition or disposal: Number held in class after acquisition or disposal: Current registered holder(s): Registered holder(s) once transfers are registered:

		ble)
		N/A
The notional value of the derivative (if any) or the notional amount of underlying financial products(if any):		N/A
A statement as to whether the derivative is cash settled orphysicallysettled:
Maturitydate of the derivative(if any):
Expirydate of the derivative(if any):
Theprice specified in the terms of the derivative(if any):
Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products:
For that derivative,- Parties to the derivative: If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:
Details of transactionsgiving rise to acquisition or disposal
Total number of transactions to which notice relates:		1
		4-Apr-17
		Acquisition of shares on reinvestment of dividends under Chorus Limited's Dividend ReinvestmentPlan
		ChorusLimited
		$2,034.28
		503

If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) — include the following details

Whether relevant interests were acquired or disposed of during a closed period: Whether prior written clearance was provided to allow the acquisition or disposal to proceed during the closed period: Date of the prior written clearance (if any):

No N/A N/A

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products: Nature of relevant interest: For that relevant interest,- Number held in class: Current registered holder(s): For a derivative relevant interest,- Type of derivative: Details of derivative,- The notional value of the derivative (if any) or the notional amount of underlying financial products (if any): A statement as to whether the derivative is cash settled or physically settled: Maturity date of the derivative (if any): Expiry date of the derivative (if any): The price's specified terms (if any): Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products: For that derivative relevant interest,- Parties to the derivative: If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:

Chorus Limited ordinary shares Beneficial interest in shares under Chorus Limited's Long Term Incentive Plan 90,059 Chorus LTI Trustee Limited N/A N/A

Certification

I certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. Signature of director or officer: Date of signature:

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13-Apr-17

or Signature of person authorised to sign on behalf of director or officer: Date of signature: Name and title of authorised person:

Notes

Use this form to disclose all the acquisitions and disposals by a director or senior manager of a listed issuer, or of a related body corporate, or in specified derivatives. The disclosure must be made within—

(a) 20 working days after the first acquisition or disposal disclosed in this notice if the acquisitions or disposals are of a kind referred to in section 297(2)(a) of the Financial Markets Conduct Act 2013; or

(b) in any other case, 5 trading days after the first acquisition or disposal disclosed in this notice.

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Ongoing Disclosure Notice

Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and Name of listed issuer: Date this disclosure made: Date of last disclosure: Director or senior manager giving disclosure Full name(s): Name of listed issuer: Name of related body corporate (if applicable): Position held in listed issuer:

Chorus Limited 13-Apr-17 10-Mar-17 Anne June Urlwin Chorus Limited N/A Director

		ble)
		N/A
The notional value of the derivative (if any) or the notional amount of underlying financial products(if any):		N/A
A statement as to whether the derivative is cash settled or physically settled:
Maturitydate of the derivative(if any):
Expirydate of the derivative(if any):
Theprice specified in the terms of the derivative(if any):
Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products:
For that derivative,- Parties to the derivative: If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:
Details of transactionsgiving rise to acquisition or disposal
Total number of transactions to which notice relates:		1
Details of transactions requiring disclosure- Date of transaction: Nature of transaction: Name of anyotherpartyorparties to the transaction(if known): The consideration, expressed in New Zealand dollars, paid or received for the acquisition or disposal. If the consideration was not in cash and cannot be readily by converted into a cash value,describe the consideration: Number of financialproducts to which the transaction related:
Date of transaction:		4-Apr-17
Nature of transaction:		Acquisition of shares on reinvestment of dividends under Chorus Limited's Dividend Reinvestment Plan
Name of anyotherpartyorparties to the transaction(if known):		Chorus Limited
The consideration, expressed in New Zealand dollars, paid or received for the acquisition or disposal. If the consideration was not in cash and cannot be readily by converted into a cash value,describe the consideration:		$1,027.25
Number of financialproducts to which the transaction related:		254

If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) — include the following details

If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) include the following details—
Whether relevant interests were acquired or disposed of duringa closedperiod:		No
Whether prior written clearance was provided to allow the acquisition or disposal to proceed duringthe closedperiod:		N/A
Date of theprior written clearance(if any):		N/A
Summary of other relevant interests after acquisition or disposal: Class ofquoted financialproducts: Nature of relevant interest: For that relevant interest,- Number held in class: Current registered holder(s): For a derivative relevant interest,- Type of derivative: Details of derivative,-
		N/A
		N/A
The notional value of the derivative (if any) or the notional amount of underlying financial products (if any):		N/A
A statement as to whether the derivative is cash settled or physically settled:
Maturity date of the derivative (if any):
Expiry date of the derivative (if any):
The price's specified terms (if any):
Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlyingfinancialproducts:
For that derivative relevant interest,-
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:

Certification

I certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. Signature of director or officer: Date of signature: or Signature of person authorised to sign on behalf of director or officer: Date of signature: Name and title of authorised person: Notes Use this form to disclose all the acquisitions and disposals by a director or senior manager of a listed issuer, or of a related body corporate, or in specified derivatives. The disclosure must be made within— (a) 20 working days after the first acquisition or disposal disclosed in this notice if the acquisitions or disposals are of a kind referred to in section 297(2)(a) of the Financial Markets Conduct Act 2013; or (b) in any other case, 5 trading days after the first acquisition or disposal disclosed in this notice.

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13-Apr-17

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Ongoing Disclosure Notice

Disclosure of Directors and Senior Managers Relevant Interests Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and Name of listed issuer: Chorus Limited Date this disclosure made: 13-Apr-17 Date of last disclosure: 19-Oct-16 Director or senior manager giving disclosure Full name(s): Clayton Gordon Wakefield Name of listed issuer: Chorus Limited Name of related body corporate (if applicable): N/A Position held in listed issuer: Former Director

Summary of acquisition or disposal of relevant interest (excluding specified derivatives) Class of affected quoted financial products: Chorus Limited ordinary shares Nature of the affected relevant interest(s): Beneficial interest For that relevant interest- Number held in class before acquisition or disposal: 21,752 Number held in class after acquisition or disposal: 22,178 Current registered holder(s): N/A - new issue Clayton Gordon Wakefield, Maree Therese Registered holder(s) once transfers are registered: Walsh and Douglas Andrew Burgess

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)

		ble)
		N/A
The notional value of the derivative (if any) or the notional amount of underlying financial products(if any):		N/A
A statement as to whether the derivative is cash settled orphysicallysettled:
Maturitydate of the derivative(if any):
Expirydate of the derivative(if any):
Theprice specified in the terms of the derivative(if any):
Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products:
For that derivative,- Parties to the derivative: If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:		1
		4-Apr-17
		Acquisition of shares on reinvestment of dividends under Chorus Limited's Dividend ReinvestmentPlan
		ChorusLimited
		$1,722.87
		426

If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) — include the following details

Whether relevant interests were acquired or disposed of during a closed period: Whether prior written clearance was provided to allow the acquisition or disposal to proceed during the closed period: Date of the prior written clearance (if any):

No N/A N/A

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products: Nature of relevant interest: For that relevant interest,- Number held in class: Current registered holder(s): For a derivative relevant interest,- Type of derivative:

Details of derivative,-

The notional value of the derivative (if any) or the notional amount of underlying financial products (if any): A statement as to whether the derivative is cash settled or physically settled: Maturity date of the derivative (if any): Expiry date of the derivative (if any): The price's specified terms (if any): Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products: For that derivative relevant interest,- Parties to the derivative: If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:

Certification

I certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. Signature of director or officer: Date of signature:

Chorus bonds Beneficial interest 76,000 Clayton Gordon Wakefield, Maree Therese Walsh and Douglas Andrew Burgess N/A N/A

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13-Apr-17

or Signature of person authorised to sign on behalf of director or officer: Date of signature: Name and title of authorised person:

Notes

Use this form to disclose all the acquisitions and disposals by a director or senior manager of a listed issuer, or of a related body corporate, or in specified derivatives. The disclosure must be made within—

(a) 20 working days after the first acquisition or disposal disclosed in this notice if the acquisitions or disposals are of a kind referred to in section 297(2)(a) of the Financial Markets Conduct Act 2013; or

(b) in any other case, 5 trading days after the first acquisition or disposal disclosed in this notice.

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Ongoing Disclosure Notice

Disclosure of Directors and Senior Managers Relevant Interests Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and Name of listed issuer: Chorus Limited Date this disclosure made: 13-Apr-17 Date of last disclosure: 19-Oct-16 Director or senior manager giving disclosure Full name(s): Edward Beattie Name of listed issuer: Chorus Limited Name of related body corporate (if applicable): N/A Position held in listed issuer: General Manager Infrastructure

Director or senior managergiving disclosure Full name(s): Name of listed issuer: Name of related body corporate (if applicable): Position held in listed issuer:	Director or senior managergiving disclosure Full name(s): Name of listed issuer: Name of related body corporate (if applicable): Position held in listed issuer:
		Edward Beattie
		Chorus Limited
		N/A
		General Manager Infrastructure
Summary of acquisition or disposal of relevant interest (excluding specified derivatives) Class of affected quoted financial products: Chorus Limited ordinary shares Nature ofthe affectedrelevantinterest(s): Registeredholderand beneficialowner For that relevant interest- Number held in class before acquisition or disposal: 936 Number held in class after acquisition or disposal: 954 Currentregisteredholder(s): N/A - new issue Registered holder(s) once transfers are registered: Edward Beattie Summary of acquisition or disposal of specified derivatives relevant interest (if applicable) Type of affected derivative: N/A Class of underlyingfinancialproducts: Details of affected derivative- The notional value of the derivative (if any) or the notional amount of underlying financial products(if any): N/A A statement as to whether the derivative is cash settled orphysicallysettled:		s)
		Chorus Limited ordinary shares
		Registeredholderand beneficialowner
		936
		954
		N/A - new issue
		Edward Beattie
		N/A
The notional value of the derivative (if any) or the notional amount of underlying financial products(if any):		N/A
A statement as to whether the derivative is cash settled orphysicallysettled:
Maturitydate of the derivative(if any):
Expirydate of the derivative(if any):
Theprice specified in the terms of the derivative(if any):
Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products:
For that derivative,- Parties to the derivative: If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:		1
		4-Apr-17
		Acquisition of shares on reinvestment of dividend under Chorus Limited's Dividend ReinvestmentPlan
		ChorusLimited
		$72.80
		18

If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) — include the following details

Whether relevant interests were acquired or disposed of during a closed period: Whether prior written clearance was provided to allow the acquisition or disposal to proceed during the closed period: Date of the prior written clearance (if any):

No N/A N/A

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products: Nature of relevant interest: For that relevant interest,- Number held in class: Current registered holder(s): For a derivative relevant interest,- Type of derivative: Details of derivative,- The notional value of the derivative (if any) or the notional amount of underlying financial products (if any): A statement as to whether the derivative is cash settled or physically settled: Maturity date of the derivative (if any): Expiry date of the derivative (if any): The price's specified terms (if any): Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products: For that derivative relevant interest,- Parties to the derivative: If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative: Certification I certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. Signature of director or officer: Date of signature: or Signature of person authorised to sign on behalf of director or officer: Date of signature: Name and title of authorised person:

Chorus Limited ordinary shares (a) Beneficial interest in shares under Chorus Limited's Equity Building Scheme (b) Beneficial interest in shares under Chorus Limited's Long Term Incentive Plan (a) 604 (b) 64,536 (a) Trustees Executors Limited (b) Chorus LTI Trustee Limited N/A N/A

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13-Apr-17

Notes

Use this form to disclose all the acquisitions and disposals by a director or senior manager of a listed issuer, or of a related body corporate, or in specified derivatives. The disclosure must be made within—

(a) 20 working days after the first acquisition or disposal disclosed in this notice if the acquisitions or disposals are of a kind referred to in section 297(2)(a) of the Financial Markets Conduct Act 2013; or

(b) in any other case, 5 trading days after the first acquisition or disposal disclosed in this notice.

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Ongoing Disclosure Notice

Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and Name of listed issuer: Chorus Limited Date this disclosure made: 13-Apr-17 Date of last disclosure: 19-Oct-16 Director or senior manager giving disclosure Full name(s): Keith Sharman Turner Name of listed issuer: Chorus Limited Name of related body corporate (if applicable): N/A Position held in listed issuer: Director

Summary of acquisition or disposal of relevant interest (excluding specified derivatives) Class of affected quoted financial products: Chorus Limited ordinary shares Nature of the affected relevant interest(s): Registered holder and beneficial owner For that relevant interest- Number held in class before acquisition or disposal: 6,295 Number held in class after acquisition or disposal: 6,418 Current registered holder(s): N/A - new issue Registered holder(s) once transfers are registered: Keith Sharman Turner

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable) Type of affected derivative: N/A Class of underlyingfinancialproducts: Details of affected derivative- The notional value of the derivative (if any) or the notional amount of underlying financial products(if any): N/A A statement as to whether the derivative is cash settled orphysicallysettled:	Summary of acquisition or disposal of specified derivatives relevant interest (if applicable) Type of affected derivative: N/A Class of underlyingfinancialproducts: Details of affected derivative- The notional value of the derivative (if any) or the notional amount of underlying financial products(if any): N/A A statement as to whether the derivative is cash settled orphysicallysettled:	Summary of acquisition or disposal of specified derivatives relevant interest (if applicable) Type of affected derivative: N/A Class of underlyingfinancialproducts: Details of affected derivative- The notional value of the derivative (if any) or the notional amount of underlying financial products(if any): N/A A statement as to whether the derivative is cash settled orphysicallysettled:
		N/A
The notional value of the derivative (if any) or the notional amount of underlying financial products(if any):		N/A
A statement as to whether the derivative is cash settled orphysicallysettled:
Maturitydate of the derivative(if any):
Expirydate of the derivative(if any):
Theprice specified in the terms of the derivative(if any):
Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products:
For that derivative,- Parties to the derivative: If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:		1
		4-Apr-17
		Acquisition of shares on reinvestment of dividends under Chorus Limited's Dividend ReinvestmentPlan
		ChorusLimited
		$497.45
		123

If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) include the following details— Whether relevant interests were acquired or disposed of during a closed period:	If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) include the following details— Whether relevant interests were acquired or disposed of during a closed period:
Whether relevant interests were acquired or disposed of during a closed period:		No
Whether prior written clearance was provided to allow the acquisition or disposal to proceed duringthe closedperiod:		N/A
Date of theprior written clearance(if any):		N/A
Summary of other relevant interests after acquisition or disposal: Class ofquotedfinancialproducts: Nature of relevantinterest: For that relevant interest,- Number heldinclass: Currentregisteredholder(s): For a derivative relevant interest,- Type of derivative: Details of derivative,-
		N/A
		N/A
The notional value of the derivative (if any) or the notional amount of underlying financial products (if any):		N/A
A statement as to whether the derivative is cash settled or physically settled:
Maturity date of the derivative (if any):
Expiry date of the derivative (if any):
The price's specified terms (if any):
Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlyingfinancialproducts:
For that derivative relevant interest,-
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:

Class of quoted financial products: Nature of relevant interest: For that relevant interest,- Number held in class: Current registered holder(s): For a derivative relevant interest,- Type of derivative: Details of derivative,- The notional value of the derivative (if any) or the notional amount of underlying financial products (if any): A statement as to whether the derivative is cash settled or physically settled: Maturity date of the derivative (if any): Expiry date of the derivative (if any): The price's specified terms (if any): Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products: For that derivative relevant interest,- Parties to the derivative: If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative: Certification I certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. Signature of director or officer: Date of signature: or Signature of person authorised to sign on behalf of director or officer: Date of signature: Name and title of authorised person:

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13-Apr-17

Notes

Use this form to disclose all the acquisitions and disposals by a director or senior manager of a listed issuer, or of a related body corporate, or in specified derivatives. The disclosure must be made within—

(a) 20 working days after the first acquisition or disposal disclosed in this notice if the acquisitions or disposals are of a kind referred to in section 297(2)(a) of the Financial Markets Conduct Act 2013; or

(b) in any other case, 5 trading days after the first acquisition or disposal disclosed in this notice.

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Ongoing Disclosure Notice

Disclosure of Directors and Senior Managers Relevant Interests Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and
Name of listed issuer:		Chorus Limited
Date this disclosure made:		13-Apr-17
Date of last disclosure:		19-Oct-16
Director or senior managergiving disclosure
Full name(s):		Mark Adrian Ratcliffe
Name of listed issuer:		Chorus Limited
Name of related body corporate (if applicable):		N/A
Position held in listed issuer:		Former Director & CEO
Summary of acquisition or disposal of relevant interest(excluding specified derivatives)
Class of affected quoted financial products:		Chorus Limited ordinaryshares
Nature of the affected relevant interest(s):		Beneficial interest as beneficiary of the Ratcliffe Barker FamilyTrust
For that relevant interest-
Number held in class before acquisition or disposal:		152,467
Number held in class after acquisition or disposal:		155,449
Current registered holder(s):		N/A - new issue
Registered holder(s) once transfers are registered:		First NZ Custodians Limited as custodian for the trustees of the Ratcliffe Barker FamilyTrust
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:		N/A
Class of underlyingfinancialproducts:
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying financial		N/A
products(if any):
A statement as to whether the derivative is cash settled orphysicallysettled:
Maturitydate of the derivative(if any):
Expirydate of the derivative(if any):
Theprice specified in the terms of the derivative(if any):
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the underlying
financial products:
_For that derivative,- _
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:		1
Details of transactions requiring disclosure-
Date of transaction:		4-Apr-17
		Acquisition of shares on reinvestment of
		dividends under Chorus Limited's Dividend
Nature of transaction:		Reinvestment Plan
Name of anyotherpartyorparties to the transaction(if known):		Chorus Limited
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a
cash value,describe the consideration:		$12,060.10
Number of financialproducts to which the transaction related:		2,982

If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) include the following details— Whether relevant interests were acquired or disposed of duringa closedperiod:	If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) include the following details— Whether relevant interests were acquired or disposed of duringa closedperiod:
Whether relevant interests were acquired or disposed of duringa closedperiod:		No
Whether prior written clearance was provided to allow the acquisition or disposal to proceed duringthe closedperiod:		N/A
Date of theprior written clearance(if any):		N/A
Summary of other relevant interests after acquisition or disposal: Class ofquoted financialproducts: Nature of relevant interest: For that relevant interest,- Number held in class: Current registered holder(s): For a derivative relevant interest,- Type of derivative: Details of derivative,-
		Chorus Limited ordinaryshares
		Beneficial interest in shares under Chorus Limited's LongTerm Incentive Plan
		138,654
		Chorus LTI Trustee Limited
		N/A
The notional value of the derivative (if any) or the notional amount of underlying financial products (if any):		N/A
A statement as to whether the derivative is cash settled or physically settled:
Maturity date of the derivative (if any):
Expiry date of the derivative (if any):
The price's specified terms (if any):
Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financialproducts:
For that derivative relevant interest,-
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:
Certification I certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. Signature of director or officer: Date of signature: or Signature of person authorised to sign on behalf of director or officer: Date of signature: Name and title of authorisedperson:
		13-Apr-17
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
Name and title of authorisedperson:

Notes

Use this form to disclose all the acquisitions and disposals by a director or senior manager of a listed issuer, or of a related body corporate, or in specified derivatives. The disclosure must be made within—

(a) 20 working days after the first acquisition or disposal disclosed in this notice if the acquisitions or disposals are of a kind referred to in section 297(2)(a) of the Financial Markets Conduct Act 2013; or

(b) in any other case, 5 trading days after the first acquisition or disposal disclosed in this notice.

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Ongoing Disclosure Notice

Disclosure of Directors and Senior Managers Relevant Interests Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and
Name of listed issuer:		Chorus Limited
Date this disclosure made:		13-Apr-17
Date of last disclosure:		19-Oct-16
Director or senior managergiving disclosure
Full name(s):		Prudence Mary Flacks
Name of listed issuer:		Chorus Limited
Name of related body corporate (if applicable):		N/A
Position held in listed issuer:		Director

Summary of acquisition or disposal of relevant interest (excluding specified derivatives) Class of affected quoted financial products: Chorus Limited ordinary shares Nature of the affected relevant interest(s): Registered holder and beneficial owner For that relevant interest- Number held in class before acquisition or disposal: 10,904 Number held in class after acquisition or disposal: 11,117 Current registered holder(s): N/A - new issue Registered holder(s) once transfers are registered: Prudence Mary Flacks

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable) Type of affected derivative: N/A Class of underlyingfinancialproducts: Details of affected derivative- The notional value of the derivative (if any) or the notional amount of underlying financial products(if any): N/A A statement as to whether the derivative is cash settled orphysicallysettled:	Summary of acquisition or disposal of specified derivatives relevant interest (if applicable) Type of affected derivative: N/A Class of underlyingfinancialproducts: Details of affected derivative- The notional value of the derivative (if any) or the notional amount of underlying financial products(if any): N/A A statement as to whether the derivative is cash settled orphysicallysettled:	Summary of acquisition or disposal of specified derivatives relevant interest (if applicable) Type of affected derivative: N/A Class of underlyingfinancialproducts: Details of affected derivative- The notional value of the derivative (if any) or the notional amount of underlying financial products(if any): N/A A statement as to whether the derivative is cash settled orphysicallysettled:
		N/A
The notional value of the derivative (if any) or the notional amount of underlying financial products(if any):		N/A
A statement as to whether the derivative is cash settled orphysicallysettled:
Maturitydate of the derivative(if any):
Expirydate of the derivative(if any):
Theprice specified in the terms of the derivative(if any):
Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products:
For that derivative,- Parties to the derivative: If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:		1
		4-Apr-17
		Acquisition of shares on reinvestment of dividends under Chorus Limited's Dividend ReinvestmentPlan
		ChorusLimited
		$861.44
		213

If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) — include the following details Whether relevant interests were acquired or disposed of during a closed period: Whether prior written clearance was provided to allow the acquisition or disposal to proceed during the closed period: Date of the prior written clearance (if any):

Summary of other relevant interests after acquisition or disposal: Class of quoted financial products: Nature of relevant interest: For that relevant interest,- Number held in class: Current registered holder(s): For a derivative relevant interest,- Type of derivative: Details of derivative,- The notional value of the derivative (if any) or the notional amount of underlying financial products (if any): A statement as to whether the derivative is cash settled or physically settled: Maturity date of the derivative (if any): Expiry date of the derivative (if any): The price's specified terms (if any): Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products: For that derivative relevant interest,- Parties to the derivative: If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative: Certification I certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. Signature of director or officer: Date of signature: or Signature of person authorised to sign on behalf of director or officer: Date of signature: Name and title of authorised person:

No N/A N/A N/A N/A N/A 13-Apr-17

Notes

Use this form to disclose all the acquisitions and disposals by a director or senior manager of a listed issuer, or of a related body corporate, or in specified derivatives. The disclosure must be made within—

(a) 20 working days after the first acquisition or disposal disclosed in this notice if the acquisitions or disposals are of a kind referred to in section 297(2)(a) of the Financial Markets Conduct Act 2013; or

(b) in any other case, 5 trading days after the first acquisition or disposal disclosed in this notice.