CHORUS LIMITED — Major Shareholding Notification 2011

Dec 20, 2011

Form 604 Corporations Law Section 671B Notice of change of interests of substantial holder

Chorus Limited To Company Name/Scheme 152 485 848 ACN/ARSN

1. Details of substantial

holder (1)

Name Schroder Investment Management Australia Limited ACN/ARSN (if applicable) 000 443 274 There was a change in the interests of the 15/12/2011 substantial holder on The previous notice was given to the 06/12/2011 company on 02/12/2011 The previous notice was dated

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person’svotes	Voting power(5)	Person’svotes	Voting power(5)
Ordinary Shares	33,749,511	8.76%	26,952,232	7.00%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected
03/12/2011 – 15/12/2011	SIM LTD	Purchase	2,358,901.45	782,504	782,504
03/12/2011 – 15/12/2011	SIM LTD	Sale	11,914,936.17	4,009,128	4,009,128
03/12/2011 – 15/12/2011	SIMNA LTD	Purchase	4,408,677.22	1,686,512	1,686,512
03/12/2011 – 15/12/2011	SIMNA LTD	Sale	11,708,798.62	3,901,812	3,901,812

03/12/2011 – 15/12/2011	SIMSL	Sale	3,648,087.33	1,245,081	1,245,081
03/12/2011 – 15/12/2011	SIMHK	Sale	329,719.26	110,274	110,274

4. Present relevant interests

03/12/2011 – 15/12/2011 SIMSL Sale 3,648,087.33 1,245,081 1,245,081 03/12/2011 – 15/12/2011 SIMHK Sale 329,719.26 110,274 110,274 4. Present relevant interests	03/12/2011 – 15/12/2011 SIMSL Sale 3,648,087.33 1,245,081 1,245,081 03/12/2011 – 15/12/2011 SIMHK Sale 329,719.26 110,274 110,274 4. Present relevant interests	03/12/2011 – 15/12/2011 SIMSL Sale 3,648,087.33 1,245,081 1,245,081 03/12/2011 – 15/12/2011 SIMHK Sale 329,719.26 110,274 110,274 4. Present relevant interests	03/12/2011 – 15/12/2011 SIMSL Sale 3,648,087.33 1,245,081 1,245,081 03/12/2011 – 15/12/2011 SIMHK Sale 329,719.26 110,274 110,274 4. Present relevant interests	03/12/2011 – 15/12/2011 SIMSL Sale 3,648,087.33 1,245,081 1,245,081 03/12/2011 – 15/12/2011 SIMHK Sale 329,719.26 110,274 110,274 4. Present relevant interests	03/12/2011 – 15/12/2011 SIMSL Sale 3,648,087.33 1,245,081 1,245,081 03/12/2011 – 15/12/2011 SIMHK Sale 329,719.26 110,274 110,274 4. Present relevant interests	03/12/2011 – 15/12/2011 SIMSL Sale 3,648,087.33 1,245,081 1,245,081 03/12/2011 – 15/12/2011 SIMHK Sale 329,719.26 110,274 110,274 4. Present relevant interests	03/12/2011 – 15/12/2011 SIMSL Sale 3,648,087.33 1,245,081 1,245,081 03/12/2011 – 15/12/2011 SIMHK Sale 329,719.26 110,274 110,274 4. Present relevant interests
Particulars ofeach relevantinterest ofthe substantial holder in voting securities afterthe change are asfollows: Holder of relevant interest Registered holder of securities Beneficial Owner (8) Nature of relevant interest (6) Class and number of securities Person’s votes SIMAL BNP Paribas Clearview Financial Management Limited Power to dispose of securities 746,667 746,667 SIMAL BNP Paribas AMP Capital Investors Power to dispose of securities 545,266 545,266 SIMAL BNP Paribas Media Super Limited Power to dispose of securities 275,047 275,047 SIMAL JP Morgan Custodial Services Energy Industries Australia Power to dispose of securities 225,505 225,505 SIMAL JP Morgan Custodial Services Retirement Services Board Fund Power to dispose of securities 288,409 288,409 SIMAL JP Morgan Custodial Services Schroder Investment Management Australia Power to dispose of securities 4,577,246 4,577,246 SIMAL JP Morgan Custodial Services Zurich Investment Management Power to dispose of securities 131,545 131,545 SIMAL Citicorp Nominees Ltd HK Colonial First State Investment Limited Power to dispose of securities 2,130,753 2,130,753 SIMAL HSBC Custody Nominees (Australia)Ltd Advance Funds Management Power to dispose of securities 1,201,811 1,201,811 SIMAL National Nominees Ltd - Melbourne Alcoa Australia Pty Ltd Power to dispose of securities 187,411 187,411 SIMAL National Nominees Ltd – Melbourne UniSuper Limited Power to dispose of securities 1,405,354 1,405,354 SIMAL National Nominees Ltd – Melbourne CareSuper Pty Ltd Power to dispose of securities 367,211 367,211 SIMAL National Nominees Ltd – Melbourne Equipsuper Pty Ltd Power to dispose of securities 225,312 225,312 SIMAL National Nominees Ltd – Melbourne Telstra Pty Ltd Power to dispose of securities 795,611 795,611 SIMAL National Nominees Ltd - Melbourne University of Sydney Power to dispose of securities 97,608 97,608 SIMAL National Nominees Ltd – Melbourne Uniting Church NSW Trust AssocFund Power to dispose of securities 27,918 27,918 SIMAL National Nominees Ltd – Vision Super Pty Ltd Power to dispose of 258,672 258,672
	Holder of relevant interest	Registered holder of securities	Beneficial Owner (8)	Nature of relevant interest (6)	Class and number of securities	Person’s votes
	SIMAL	BNP Paribas	Clearview Financial Management Limited	Power to dispose of securities	746,667	746,667
	SIMAL	BNP Paribas	AMP Capital Investors	Power to dispose of securities	545,266	545,266
	SIMAL	BNP Paribas	Media Super Limited	Power to dispose of securities	275,047	275,047
	SIMAL	JP Morgan Custodial Services	Energy Industries Australia	Power to dispose of securities	225,505	225,505
	SIMAL	JP Morgan Custodial Services	Retirement Services Board Fund	Power to dispose of securities	288,409	288,409
	SIMAL	JP Morgan Custodial Services	Schroder Investment Management Australia	Power to dispose of securities	4,577,246	4,577,246
	SIMAL	JP Morgan Custodial Services	Zurich Investment Management	Power to dispose of securities	131,545	131,545
	SIMAL	Citicorp Nominees Ltd HK	Colonial First State Investment Limited	Power to dispose of securities	2,130,753	2,130,753
	SIMAL	HSBC Custody Nominees (Australia)Ltd	Advance Funds Management	Power to dispose of securities	1,201,811	1,201,811
	SIMAL	National Nominees Ltd - Melbourne	Alcoa Australia Pty Ltd	Power to dispose of securities	187,411	187,411
	SIMAL	National Nominees Ltd – Melbourne	UniSuper Limited	Power to dispose of securities	1,405,354	1,405,354
	SIMAL	National Nominees Ltd – Melbourne	CareSuper Pty Ltd	Power to dispose of securities	367,211	367,211
	SIMAL	National Nominees Ltd – Melbourne	Equipsuper Pty Ltd	Power to dispose of securities	225,312	225,312
	SIMAL	National Nominees Ltd – Melbourne	Telstra Pty Ltd	Power to dispose of securities	795,611	795,611
	SIMAL	National Nominees Ltd - Melbourne	University of Sydney	Power to dispose of securities	97,608	97,608
	SIMAL	National Nominees Ltd – Melbourne	Uniting Church NSW Trust AssocFund	Power to dispose of securities	27,918	27,918
	SIMAL	National Nominees Ltd –	Vision Super Pty Ltd	Power to dispose of	258,672	258,672
		~~Melbourne~~		~~securities~~

	SIMAL	National Nominees Ltd – Melbourne	Emergency Services Superannuation Scheme	Power to dispose of securities	138,102	138,102
	SIMAL	State Street Australia Limited	AXA Global Investors Ltd	Power to dispose of securities	175,903	175,903
	SIMAL	State Street Australia Limited	IPAC Asset Management Ltd	Power to dispose of securities	872,239	872,239
	SIMAL	State Street Australia Limited	NGS Super Pty Ltd	Power to dispose of securities	311,915	311,915
	SIM LTD	ABN Amro Mellon	ABN Amro Mellon	Power to dispose of securities	49,841	49,841
	SIM LTD	Citibank, Hong Kong	Citibank, Hong Kong	Power to dispose of securities	50,177	50,177
	SIM LTD	China Communications Bank	China Communications Bank	Power to dispose of securities	21,222	21,222
	SIM LTD	Caceis Paris	Caceis Paris	Power to dispose of securities	8,921	8,921
	SIM LTD	JP Morgan Chase (Bournemouth)	JP Morgan Chase (Bournemouth)	Power to dispose of securities	6,848,795	6,848,795
	SIMNA LTD	ABN Amro Mellon	ABN Amro Mellon	Power to dispose of securities	328,526	328,526
	SIMNA LTD	Bank of New York	Bank of New York	Power to dispose of securities	192,086	192,086
	SIMNA LTD	Union Bank of California	Union Bank of California	Power to dispose of securities	163,838	163,838
	SIMNA LTD	Brown Brothers Harriman	Brown Brothers Harriman	Power to dispose of securities	144,893	144,893
	SIMNA LTD	JP Morgan Chase (New York)	JP Morgan Chase (New York)	Power to dispose of securities	253,430	253,430
	SIMNA LTD	JP Morgan Chase (Bournemouth)	JP Morgan Chase (Bournemouth)	Power to dispose of securities	2,637,756	2,637,756
	SIMNA LTD	State Street Bank &Trust Co	State Street Bank&Trust Co	Power to dispose of securities	944,614	944,614
	SIMNA LTD	Northern Trust Co (London)	Northern Trust Co (London)	Power to dispose of securities	162,913	162,913
	S&CO LTD	Schroder & Co Bank AG (Zurich)	Schroder & Co Bank AG (Zurich)	Power to dispose of securities	27,707	27,707
	S&CO LTD	Northern Trust Co (London)	Northern Trust Co (London)	Power to dispose of securities	7,973	7,973
	SIMJL	BBH	Japan Mutual Aid Association of Public School Teachers	Power to dispose of securities	96,000	96,000
	SCIL	Schroder & Co Bank AG (Zurich)	Schroder & Co Bank AG (Zurich)	Power to dispose of securities	16,401	16,401
	SCIL	JPMorgan Chase Bank	JPMorgan Chase Bank	Power to dispose of	11,634	11,634
				~~securities~~

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Schroder Investment Management Australia Limited (“SIMAL”)	Relevant Fund Manager
Schroder Investment Management UK Limited (“SIM LTD”)	Relevant Fund Manager
Schroder Investment Management North America (“SIMNA LTD”)	Relevant Fund Manager
Schroder Investment SingaporeLimited (“SIMSL”)	Relevant Fund Manager
Schroder Investment Management Hong Kong Limited (“SIMHK”)	Relevant Fund Manager
Schroder & Co. Limited (“S&COLTD”)	Relevant Fund Manager
Schroder Investment Management Japan Limited (“SIMJL”)	Relevant Fund Manager
Schroder (C.I.) Limited (“SCIL”)	Relevant Fund Manager

6. Addresses

The addresses of persons named in this form are:

Name	Address
Schroder Investment Management (Australia) Limited (“SIMAL”)	Level 20, Angel Place, 123 Pitt Street, Sydney, 2000, Australia
Schroder Investment Management Limited (“SIM LTD”)	31 Gresham Street, London EC2V 7QA, UK
Schroder Investment Management North America (“SIMNA LTD”)	31 Gresham Street, London EC2V 7QA, UK
Schroder Investment Singapore Limited(“SIMSL”)	65 Chulia Street, #46-00, OCBC Centre, Singapore 049513
Schroder Investment Management Hong Kong Limited(“SIMHK”)	Suite 3301, Level 33, Two Pacific Place, 88 Queensway, Hong Kong
Schroder & Co. Limited (“S&CO LTD”)	100 Wood Street, London EC2V 7ER, UK
Schroder Investment Management Japan Limited (“SIMJL”)	Level 21, Marunouchi Trust Tower, 1-8-3 Marunouch, Chiyoda-Ku,Tokyo, 100-0005, Japan
Schroder (C.I.) Limited (“SCIL”)	24 College Lane, Gibraltar