CHORUS LIMITED — Major Shareholding Notification 2013

Dec 9, 2013

Disclosure of ceasing to have substantial holding

Section 25, Securities Markets Act 1988

To: NZX

And: Chorus Limited (CNU)

Date this disclosure made: 9 December 2013

Date last disclosure made: 5 December 2013

Substantial security holder(s) giving disclosure

Name(s): The Bank of New York Mellon Corporation

Contact details: Ivan Arias

Email: ivan.arias@bnymellon.com

Telephone: 1-516-338-3370 Fax: 1-516-338-3344

Date on which substantial security holder(s) ceased to have substantial holding: 6 December 2013

Summary of previous substantial holding to which disclosure relates

• A. Class of listed voting securities: Common shares ISIN NZCNUE0001S2, and ADR’s ISIN US17040V1070

• B. Summary for: The Bank of New York Mellon Corporation, parent holding company of:

Newton Investment Management Limited

Mellon Capital Management Corporation

The Bank of New York Mellon

Lockwood Advisors, Inc.

C. The Bank of New York Mellon Corporation is comprised of a large number of operating and holding companies. The entities identified herein are subsidiaries of The Bank of New York Mellon Corporation [as ultimate parent] that has shareholdings in the issuer. All group companies have a relevant interest by virtue of the fact that they are related group companies, however, other than those listed herein, they have no actual shareholding in the issuer, nor do they participate in investment or voting decisions.

For last disclosure,—

• (a) total number held in class: 24,967,069

• (b) total in class: 396,369,767

• (c) total percentage held in class: 6.30%

• For current holding after ceasing to have substantial holding:

• (a) total number held in class: 19,242,458

• (b) total in class: 396,369,767

• (c) total percentage held in class: 4.85%

Chorus Ltd SSH-Ceasing 12.06.13

Details of transactions and events giving rise to person ceasing to have substantial holding

Details of the transactions or other events requiring disclosure under the instructions to this form:

There have been various purchases and sales of Common Shares and ADRs over multiple dates. A Sale of 3,224,611 Common Shares on 6 December 2013 caused us as an aggregated group to fall below 5%.

Additional information

Nature of connection between substantial security holders:

The Bank of New York Mellon Corporation is the ultimate parent of the above named subsidiaries, and is submitting this disclosure on an aggregated basis

Address(es) of substantial security holder(s):

One Wall Street, New York, New York 10286 USA

Name of any other person believed to have given, or believed to be required to give, a disclosure under the Act in relation to the securities to which this disclosure relates: Not applicable

Declaration

I, Ivan Arias, declare 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.

Chorus Ltd SSH-Ceasing 12.06.13