CHORUS LIMITED — Major Shareholding Notification 2023

Oct 1, 2023

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 27/09/2023 The previous notice was given to the company on 14/12/2022 The previous notice was dated 14/12/2022

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	37,948,874	8.53%	41,767,406	9.63%

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:

Name and ACN/ARSN (if applicable)	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
Signature Adam Merrington sign here		ActingHead of Portfolio and Implementation date 02/10/2023
	sign here

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

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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
13/12/2022 UniSuper On-Market Purchase 644,536 Fully paid stapled securities 82,174 82,174
14/12/2022 UniSuper On-Market Purchase 1,973,166 Fully paid stapled securities 250,000 250,000
19/12/2022 UniSuper Off-Market Purchase 10,592,742 Fully paid stapled securities 1,388,895 1,388,895
23/03/2023 UniSuper On-Market Purchase 12,131 Fully paid stapled securities 1,647 1,647
12/04/2023 UniSuper On-Market Purchase 360,807 Fully paid stapled securities 45,265 45,265
13/04/2023 UniSuper On-Market Purchase 367,601 Fully paid stapled securities 45,711 45,711
14/04/2023 UniSuper On-Market Purchase 376,299 Fully paid stapled securities 46,257 46,257
17/04/2023 UniSuper On-Market Purchase 374,693 Fully paid stapled securities 46,413 46,413
18/04/2023 UniSuper On-Market Purchase 370,227 Fully paid stapled securities 45,837 45,837
19/04/2023 UniSuper On-Market Purchase 323,519 Fully paid stapled securities 39,823 39,823
20/04/2023 UniSuper On-Market Purchase 580,957 Fully paid stapled securities 71,495 71,495
24/04/2023 UniSuper On-Market Purchase 202,717 Fully paid stapled securities 25,361 25,361
26/04/2023 UniSuper On-Market Purchase 315,399 Fully paid stapled securities 38,946 38,946
5/05/2023 UniSuper On-Market Purchase 19,602 Fully paid stapled securities 2,436 2,436
31/05/2023 UniSuper On-Market Purchase 1,034,000 Fully paid stapled securities 135,000 135,000
31/05/2023 UniSuper On-Market Purchase 1,287,849 Fully paid stapled securities 167,486 167,486
1/06/2023 UniSuper On-Market Purchase 770,786 Fully paid stapled securities 100,000 100,000
1/06/2023 UniSuper Off-Market Purchase 7,857,943 Fully paid stapled securities 1,197,514 1,197,514
2/06/2023 UniSuper On-Market Purchase 429,566 Fully paid stapled securities 55,000 55,000
2/06/2023 UniSuper On-Market Purchase 1,447,620 Fully paid stapled securities 184,355 184,355
2/06/2023 UniSuper On-Market Purchase 2,793,661 Fully paid stapled securities 356,513 356,513
5/06/2023 UniSuper On-Market Purchase 1,466,734 Fully paid stapled securities 187,041 187,041
6/06/2023 UniSuper On-Market Purchase 782,031 Fully paid stapled securities 100,000 100,000
6/06/2023 UniSuper On-Market Purchase 2,865,488 Fully paid stapled securities 367,091 367,091
24/07/2023 UniSuper On-Market Purchase 110,251 Fully paid stapled securities 14,358 14,358
25/07/2023 UniSuper On-Market Purchase 1,521 Fully paid stapled securities 198 198
25/07/2023 UniSuper On-Market Purchase 170,302 Fully paid stapled securities 22,225 22,225
26/07/2023 UniSuper On-Market Purchase 1,537,066 Fully paid stapled securities 200,000 200,000
26/07/2023 UniSuper On-Market Purchase 551,883 Fully paid stapled securities 71,801 71,801
26/07/2023 UniSuper On-Market Purchase 389,922 Fully paid stapled securities 50,711 50,711
26/07/2023 UniSuper On-Market Purchase 9,284 Fully paid stapled securities 1,209 1,209
27/07/2023 UniSuper On-Market Purchase 2,008,443 Fully paid stapled securities 257,404 257,404
27/07/2023 UniSuper On-Market Purchase 50,405 Fully paid stapled securities 6,452 6,452
27/07/2023 UniSuper On-Market Purchase 705,616 Fully paid stapled securities 90,000 90,000
2/08/2023 UniSuper On-Market Purchase 547,748 Fully paid stapled securities 69,955 69,955
21/08/2023 UniSuper On-Market Purchase 752,423 Fully paid stapled securities 100,124 100,124
22/08/2023 UniSuper On-Market Purchase 1,465,932 Fully paid stapled securities 200,000 200,000
22/08/2023 UniSuper On-Market Purchase 2,172,039 Fully paid stapled securities 294,725 294,725
22/08/2023 UniSuper On-Market Purchase 555,324 Fully paid stapled securities 75,151 75,151
27/09/2023 UniSuper On-Market Purchase 2,847,441 Fully paid stapled securities 400,000 400,000
19/12/2022 UniSuper Off-Market Sale -10,592,742 Fully paid stapled securities -1,388,895 -1,388,895
16/02/2023 UniSuper On-Market Sale -1,319,294 Fully paid stapled securities -165,923 -165,923
16/02/2023 UniSuper On-Market Sale -73,730 Fully paid stapled securities -9,213 -9,213
17/02/2023 UniSuper On-Market Sale -1,339,104 Fully paid stapled securities -172,216 -172,216
17/02/2023 UniSuper On-Market Sale -2,962 Fully paid stapled securities -380 -380
1/06/2023 UniSuper Off-Market Sale -7,857,943 Fully paid stapled securities -1,197,514 -1,197,514
2/06/2023 UniSuper On-Market Sale -638,729 Fully paid stapled securities -81,900 -81,900
TOTAL 3,818,532 3,818,532
Opening number of units 37,948,874
Closing number of units 41,767,406
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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 stapled
UniSuper UniSuper 41,767,406 41,767,406
Pty Limited disposal of securities securities
Closing number of units 41,767,406 41,767,406
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