CHORUS LIMITED — Major Shareholding Notification 2014

Dec 9, 2014

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

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

1. Details of substantial holder

Name: Schroder Investment Management Australia Limited ACN/ARSN (if applicable): 000 443 274 The holder ceased to be a 10/12/2014 substantial holder on: The previous notice was given to 7/11/2014 the company on: The previous notice was dated: 07/11/2014

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date ofchange	Personwhoserelevantinterestchanged	Nature ofchange (4)	Considerationgiven in relation tochange (5)	Class (6) andnumber ofsecuritiesaffected	Person’svotesaffected
08/11/2014 -10/12/2014	SIMAL	Buy	$ 387,129.24	207,576Ordinaryshares	207,576
08/11/2014 -10/12/2014	SIMAL	Sell	$ 87,609.22	35,708Ordinaryshares	35,708

08/11/2014 -10/12/2014SIMALOut specietransfer	Nil	491,037Ordinaryshares	491,037

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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 Related Fund Manager Limited (“SIMAL”)

4. Address

The address 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