CHORUS LIMITED — Major Shareholding Notification 2011

Dec 6, 2011

Form 603

Corporations Law Section 671B

Notice of initial 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

The holder became a substantial holder on 02/12/2011

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities Persons’ votes (5) Voting power (6)	Number of securities Persons’ votes (5) Voting power (6)	Number of securities Persons’ votes (5) Voting power (6)
Ordinary Shares		33,749,511 33,749,511	8.76%
3. Details of relevant interests
The nature of the relevant	interest the substantial holder or an associate had in the following voting
securities on the date the substantial holder became a substantial holder are as follows:
Holder of relevant		Nature of relevant interest (7)	Class and number of
interest			securities
SIMAL		Ordinary Shares	14,985,505
SIM LTD		Ordinary Shares	10,205,580
SIMNA LTD		Ordinary Shares	7,043,356
S & COLTD		Ordinary Shares	35,680
SIMJL		Ordinary Shares	96,000
SIMHK		Ordinary Shares	110,274
SIMSL		Ordinary Shares	1,245,081
SCIL		Ordinary Shares	28,035

Holder of relevant Nature of relevant interest (7)	Holder of relevant Nature of relevant interest (7)	Class and number of
interest		securities
SIMAL Ordinary Shares		14,985,505
SIM LTD Ordinary Shares		10,205,580
SIMNA LTD Ordinary Shares		7,043,356
S & COLTD Ordinary Shares		35,680
SIMJL Ordinary Shares		96,000
SIMHK Ordinary Shares		110,274
SIMSL Ordinary Shares		1,245,081
SCIL Ordinary Shares		28,035
4. Details of present registered holders
The persons registered as holders of the securities referred to in paragraph 3 above are as follows:
Holder of	Registered holder of Beneficial Owner of securities Class and
relevant	securities	number of
interest		securities
SIMAL	BNP Paribas Clearview Financial Management Limited 746,667
SIMAL	BNP Paribas AMPCapital Investors 545,266
SIMAL	BNP Paribas Media Super Limited 275,047

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SIMAL	JP MorganCustodialServices	EnergyIndustriesAustralia	225,505
SIMAL	JP MorganCustodialServices	Retirement ServicesBoardFund	288,409
SIMAL	JP Morgan Custodial Services	Schroder Investment Management Australia	4,577,246
SIMAL	JP MorganCustodialServices	Zurich InvestmentManagement	131,545
SIMAL	CiticorpNomineesLtdHK	Colonial First StateInvestmentLimited	2,130,753
SIMAL	HSBC Custody Nominees (Australia)Ltd	Advance Funds Management	1,201,811
SIMAL	National Nominees Ltd - Melbourne	Alcoa Australia Pty Ltd	187,411
SIMAL	National Nominees Ltd – Melbourne	UniSuper Limited	1,405,354
SIMAL	National Nominees Ltd – Melbourne	CareSuper Pty Ltd	367,211
SIMAL	National Nominees Ltd – Melbourne	Equipsuper Pty Ltd	225,312
SIMAL	National Nominees Ltd – Melbourne	Telstra Pty Ltd	795,611
SIMAL	National Nominees Ltd - Melbourne	University of Sydney	97,608
SIMAL	National Nominees Ltd – Melbourne	Uniting Church NSW Trust Assoc Fund	27,918
SIMAL	National Nominees Ltd – Melbourne	Vision Super Pty Ltd	258,672
SIMAL	National Nominees Ltd – Melbourne	Emergency Services Superannuation Scheme	138,102
SIMAL	State StreetAustraliaLimited	AXAGlobal InvestorsLtd	175,903
SIMAL	State StreetAustraliaLimited	IPACAssetManagementLtd	872,239
SIMAL	State StreetAustraliaLimited	NGS Super PtyLtd	311,915
SIM LTD	ABN AmroMellon	ABN AmroMellon	111,412
SIM LTD	Citibank,HongKong	Citibank,HongKong	735,080
SIM LTD	China CommunicationsBank	China CommunicationsBank	21,222
SIM LTD	HSBC,HongKong	HSBC,HongKong	251,167
SIM LTD	JP Morgan Chase (Bournemouth)	JP Morgan Chase (Bournemouth)	8,230,841
SIM LTD	Schroder & Co Bank AG (Zurich)	Schroder & Co Bank AG (Zurich)	71,605
SIM LTD	State StreetBank&Trust Co	State StreetBank&Trust Co	660,329
SIM LTD	UBSAG (Zurich)	UBSAG (Zurich)	123,924
SIMNA LTD	ABN AmroMellon	ABN AmroMellon	328,526
SIMNA LTD	Bankof New York	Bankof New York	1,507,432
SIMNA LTD	BankofOklahomaNA	BankofOklahomaNA	157,719
SIMNA LTD	Brown BrothersHarriman	Brown BrothersHarriman	929,491
SIMNA LTD	CIBCMellon(BonyMellon)	CIBCMellon(BonyMellon)	211,607
SIMNA LTD	JP MorganChase (New York)	JP MorganChase (New York)	123,626
SIMNA LTD	JP Morgan Chase (Bournemouth)	JP Morgan Chase (Bournemouth)	1,821,337
SIMNA LTD	State StreetBank&Trust Co	State StreetBank&Trust Co	1,800,705
SIMNA LTD	Northern Trust Co (London)	Northern Trust Co (London)	162,913
SIMSL	JP Morgan Custodial Services	Schroder Investment Singapore Limited	1,245,081
SIMHK	JP Morgan Custodial Services	Schroder Investment Management HongKongLimited	110,274
S&CO LTD	Schroder & Co Bank AG (Zurich)	Schroder & Co Bank AG (Zurich)	27,707
S&COLTD	Northern Trust Co (London)	Northern Trust Co (London)	7,973
SIMJL	BBH	Japan Mutual Aid Association of Public School Teachers	96,000
SCIL	Schroder & Co Bank AG (Zurich)	Schroder & Co Bank AG (Zurich)	16,401
SCIL	JPMorganChaseBank	JPMorganChaseBank	11,634

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5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

5. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:	5. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:	5. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:	5. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:	5. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:	5. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:	5. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:
Holder of relevant interest	Date of acquisition		Consideration (9)			Class and number of securities
			Cash	Non-cash		ORDINARY SHARES
SIMAL	21/11/2011		Nil	Nil		14,985,505
SIM LTD	21/11/2011 – 02/12/2011		11,799,092.14			3,557,752
SIM LTD	21/11/2011		Nil	Nil		6,647,828
SIMNA LTD	21/11/2011 – 02/12/2011		8,570,454.40			2,593,149
SIMNA LTD	21/11/2011		Nil	Nil		4,450,207
S & COLTD	21/11/2011		Nil	Nil		35,680
SIMJL	21/11/2011		Nil	Nil		96,000
SIMHK	21/11/2011		Nil	Nil		110,274
SIMSL	21/11/2011		Nil	Nil		1,245,081
SCIL	21/11/2011		Nil	Nil		28,035
6. Associates
The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:
Name and ACN/ARSN (ifapplicable)					Nature of association
Schroder InvestmentManagementAustraliaLimited (“SIMAL”)					RelevantFundManager
Schroder InvestmentManagement UK Limited (“SIM LTD”)					RelevantFundManager
Schroder InvestmentManagementNorth America (“SIMNA LTD”)					RelevantFundManager
Schroder Investment SingaporeLimited (“SIMSL”)					RelevantFundManager
Schroder InvestmentManagementHongKongLimited (“SIMHK”)					RelevantFundManager
Schroder& Co. Limited (“S&COLTD”)					RelevantFundManager
Schroder InvestmentManagement Japan Limited (“SIMJL”)					RelevantFundManager
Schroder(C.I.)Limited (“SCIL”)					RelevantFundManager
7. Addresses The addresses of persons named in this form are as follows:
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

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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

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