CHORUS LIMITED — Major Shareholding Notification 2022

Sep 29, 2022

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme CHORUS LIMITED

ACN/ARSN 152 485 848

1. Details of substantial holder (1)

Name UniSuper Limited as trustee for UniSuper and UniSuper Management Pty Limited

ACN/ARSN (if applicable) 006 027 121

There was a change in the interests of the substantial holder on 27/09/2022 The previous notice was given to the company on 02/09/2020 The previous notice was dated 02/09/2020

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	Voting power (6)	Voting power (6)
	Person’s votes	Voting power (5)	Person’s votes	Voting power (5)
Ordinary Shares/Stapled securities	28,785,874	6.48%	33,527,861	7.51%

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 or scheme 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
Refer to Appendix A

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Persons entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person’s votes
Refer to Appendix B

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:

==> picture [463 x 123] intentionally omitted <==

----- Start of picture text -----

Name and ACN/ARSN (if applicable) Nature of association
N/A N/A
6. Addresses
The addresses of persons named in this form are as follows:
Name Address
UniSuper Limited Level 1, 385 Bourke Street, Melbourne VIC 3000
UniSuper Management Pty Limited Level 1, 385 Bourke Street, Melbourne VIC 3000
----- End of picture text -----

Signature

	HarryKavadias ActingHead of PortfolioAnalysisand Implementation
	sign here date 30/09/2022

DIRECTIONS

• 1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

• 2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• 3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• 4) The voting shares of a company constitute one class unless divided into separate classes.

• 5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

• 6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• 7) Include details of:

• a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies). See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• 8) If the substantial holder is unable to determine the identity of the person ( eg. if the relevant interest arises because of an option) write "unknown".

• 9) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

APPENDIX A

==> picture [488 x 648] intentionally omitted <==

----- Start of picture text -----

Persons whose Consideration
Date of Number of Persons votes
relevant interest Nature of Change given in relation Class of securities
Change securities affected
changed to change
31/08/2020 UniSuper On-Market Purchase 1,917,011 Fully paid ordinary shares 249,797 249,797
3/09/2020 UniSuper On-Market Purchase 1,561,872 Fully paid ordinary shares 200,000 200,000
17/09/2020 UniSuper On-Market Sale -116,498 Fully paid ordinary shares -13,676 -13,676
17/09/2020 UniSuper On-Market Sale -76,600 Fully paid ordinary shares -9,022 -9,022
18/09/2020 UniSuper On-Market Sale -209,688 Fully paid ordinary shares -24,891 -24,891
18/09/2020 UniSuper On-Market Sale -33,057 Fully paid ordinary shares -3,919 -3,919
18/09/2020 UniSuper On-Market Sale -27,084 Fully paid ordinary shares -3,200 -3,200
18/09/2020 UniSuper On-Market Sale -26,936 Fully paid ordinary shares -3,183 -3,183
18/09/2020 UniSuper On-Market Sale -710,150 Fully paid ordinary shares -85,299 -85,299
12/10/2020 UniSuper Off-Market Purchase 1,788,959 Fully paid ordinary shares 216,661 216,661
12/10/2020 UniSuper Off-Market Purchase 174,668 Fully paid ordinary shares 21,154 21,154
12/10/2020 UniSuper Off-Market Purchase 546,288 Fully paid ordinary shares 66,161 66,161
12/10/2020 UniSuper Off-Market Purchase 1,193,069 Fully paid ordinary shares 144,493 144,493
12/10/2020 UniSuper Off-Market Purchase 13,185 Fully paid ordinary shares 1,597 1,597
18/05/2021 UniSuper On-Market Purchase 22,431 Fully paid ordinary shares 3,835 3,835
13/07/2021 UniSuper Off-Market Purchase 8,124,663 Fully paid ordinary shares 1,370,095 1,370,095
13/07/2021 UniSuper Off-Market Sale -8,124,663 Fully paid ordinary shares -1,370,095 -1,370,095
1/09/2021 UniSuper On-Market Purchase 28,379 Fully paid ordinary shares 4,176 4,176
6/09/2021 UniSuper On-Market Purchase 42,603 Fully paid ordinary shares 6,263 6,263
7/09/2021 UniSuper On-Market Purchase 1,711,518 Fully paid ordinary shares 250,000 250,000
7/09/2021 UniSuper On-Market Purchase 551,383 Fully paid ordinary shares 80,537 80,537
7/09/2021 UniSuper On-Market Purchase 628,795 Fully paid ordinary shares 91,575 91,575
8/09/2021 UniSuper On-Market Purchase 1,375,442 Fully paid ordinary shares 200,000 200,000
8/09/2021 UniSuper On-Market Purchase 1,370,656 Fully paid ordinary shares 200,000 200,000
8/09/2021 UniSuper On-Market Purchase 137,982 Fully paid ordinary shares 20,000 20,000
8/09/2021 UniSuper On-Market Purchase 2,102,750 Fully paid ordinary shares 306,423 306,423
9/09/2021 UniSuper On-Market Purchase 459,234 Fully paid ordinary shares 67,100 67,100
9/09/2021 UniSuper On-Market Purchase 1,023,750 Fully paid ordinary shares 150,000 150,000
9/09/2021 UniSuper On-Market Purchase 746,422 Fully paid ordinary shares 109,583 109,583
13/09/2021 UniSuper On-Market Purchase 646,127 Fully paid ordinary shares 99,426 99,426
12/10/2021 UniSuper Off-Market Purchase 14,517 Fully paid ordinary shares 2,283 2,283
12/10/2021 UniSuper Off-Market Purchase 601,337 Fully paid ordinary shares 94,571 94,571
12/10/2021 UniSuper Off-Market Purchase 2,177,139 Fully paid ordinary shares 342,394 342,394
12/10/2021 UniSuper Off-Market Purchase 1,505,583 Fully paid ordinary shares 236,780 236,780
12/04/2022 UniSuper Off-Market Purchase 13,792 Fully paid ordinary shares 2,018 2,018
12/04/2022 UniSuper Off-Market Purchase 2,080,798 Fully paid ordinary shares 304,463 304,463
13/05/2022 UniSuper On-Market Sale -3,198,273 Fully paid ordinary shares -500,000 -500,000
25/05/2022 UniSuper On-Market Sale -3,285,657 Fully paid ordinary shares -500,000 -500,000
26/05/2022 UniSuper On-Market Purchase 360,866 Fully paid ordinary shares 53,732 53,732
26/05/2022 UniSuper On-Market Sale -4,029,674 Fully paid ordinary shares -600,000 -600,000
27/05/2022 UniSuper On-Market Purchase 2,800,940 Fully paid ordinary shares 415,286 415,286
2/06/2022 UniSuper On-Market Purchase 49,313 Fully paid ordinary shares 7,472 7,472
15/06/2022 UniSuper On-Market Purchase 21,484 Fully paid ordinary shares 3,430 3,430
16/06/2022 UniSuper On-Market Purchase 93,623 Fully paid ordinary shares 15,056 15,056
16/06/2022 UniSuper On-Market Purchase 212,692 Fully paid ordinary shares 34,204 34,204
17/06/2022 UniSuper On-Market Purchase 423,294 Fully paid ordinary shares 68,208 68,208
17/06/2022 UniSuper On-Market Purchase 311,045 Fully paid ordinary shares 50,000 50,000
23/06/2022 UniSuper On-Market Purchase 593,412 Fully paid ordinary shares 90,610 90,610
23/08/2022 UniSuper On-Market Purchase 4,300,154 Fully paid ordinary shares 604,326 604,326
15/09/2022 UniSuper On-Market Purchase 678,490 Fully paid ordinary shares 100,000 100,000
15/09/2022 UniSuper On-Market Purchase 9,289,168 Fully paid ordinary shares 1,368,428 1,368,428
27/09/2022 UniSuper On-Market Purchase 651,599 Fully paid ordinary shares 100,000 100,000
27/09/2022 UniSuper On-Market Purchase 670,839 Fully paid ordinary shares 103,135 103,135
TOTAL 4,741,987 4,741,987
Opening number of units 28,785,874
Closing number of units 33,527,861
----- End of picture text -----

==> picture [490 x 66] intentionally omitted <==

----- Start of picture text -----

APPENDIX B
Holder of relevant Registered Holder of Person entitled to be Nature of relevant Number of Person's
Class of securities
interest securities registered as holder interest securities Votes
BNP Paribas Nominees Power to control voting & Fully paid ordinary
UniSuper UniSuper 33,527,861 33,527,861
Pty Limited disposal of securities shares
Closing number of units 33,527,861 33,527,861
----- End of picture text -----