CHORUS LIMITED — Major Shareholding Notification 2021

Mar 22, 2021

Disclosure of beginning to have substantial holding

Section 276, Financial Markets Conduct Act 2013

To The New Zealand Stock Exchange

and

To Chorus Limited

Date this disclosure made: 22 March 2021

Date on which substantial holding began: 17 March 2021

Substantial product holder(s) giving disclosure

Full name(s): BNP PARIBAS SA (“BNPP SA”) and its affiliates

Summary of substantial holding

Class of quoted voting products: Ordinary Shares

Summary for BNP PARIBAS SA (“BNPP SA”) and its affiliates

For this disclosure,—

• (a) total number held in class: 26,604,686

• (b) total in class: 447,024,884

• (c) total percentage held in class: 5.95%

Details of relevant interests

Details for substantial product holder(s): Please refer to table below

Nature of relevant interest(s): Please refer to table below

For that relevant interest,—

• (a) number held in class: Please refer to table below

• (b) percentage held in class: Please refer to table below

• (c) current registered holder(s): Please refer to table below

• (d) registered holder(s) once transfers are registered: Please refer to table below

• For a derivative relevant interest, also—

• (a) type of derivative: N/A

• (b) details of derivative: N/A

• (c) parties to the derivative: N/A

• (d) if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: N/A

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----- Start of picture text ----- Substantial Current Nature of Registered Number Percentageproduct registered relevant holders(s) held in held inholder(s) holder(s) interest once class classtransfersareregisteredBNP Paribas BNPP ARB BNPP ARB Unknown 16,395 0.00%Arbitrage has voting(“BNPP rights andARB”) rights todisposeBNP Paribas Various BPSS has a Unknown 26,588,291 5.95%Securities Clients relevantServices interest in(“BPSS”) ordinaryshares in itscapacity asagencylender----- End of picture text -----

Details of transactions and events giving rise to substantial holding

Details of the transactions or other events requiring disclosure: BPSS has a relevant interest in ordinary shares in its capacity as agency lender and thus giving rise to substantial holding.

Additional information

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

Substantial productholder(s)	Address
BNPP SA	16, BOULEVARD DES ITALIENS, 75009 PARIS, FRANCE
BNPP ARB	1 RUE LAFFITTE, 75009 PARIS, FRANCE
BPSS	3 RUE D ANTIN, 75002, PARIS 02, FRANCE

Contact details: Jacky Tai, +65 6819 8478, DL.CMPL_APAC_DOI@ASIA.BNPPARIBAS.COM

Nature of connection between substantial product holders:

Substantialproduct holder(s)	Nature of connection
BNPP ARB	Subsidiary of BNPP SA

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Subsidiary of BNPP SA

BPSS

Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: N/A

Certification

I, Jacky Tai , 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.

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