CHORUS LIMITED — Share Issue/Capital Change 2022

Nov 8, 2022

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Capital Change Notice

Updated as at 17 October 2019

Acquisition of Ordinary Shares

This notice is given under NZX Listing Rule 3.13.1 and s.65(2) of the Companies Act 1993, and relates to the acquisition of ordinary shares in Chorus Limited under the on-market share buyback programme announced by Chorus to the market on 21 February 2022.

Section 1: Issuer information
Name of issuer	Chorus Limited
NZX ticker code	CNU
Class of financial product	Ordinary Shares
ISIN (If unknown, check on NZX website)	NZCNUE0001S2
Section 2: Capital change details
Number issued/acquired/redeemed	88,162
Nominal value (if any)	N/A
Issue/acquisition/redemption price per security	NZD $7.7612 (average) in
	respect of 58,162 ordinaryshares acquired on NZX
	AUD $7.1212 (average) in
	respect of 30,000 ordinary
	shares acquired on ASX
Nature of the payment (for example, cash or other	Cash
consideration)
Amount paid up (if not in full)	Paid in full
Percentage of total class of Financial Productsissued/acquired/redeemed/ (calculated on the number of	0.0198%
Financial Products of the Class, excluding any Treasury Stock,
in existence)
For an issue of Convertible Financial Products or Options, theprincipal terms of Conversion (for example the Conversion	N/A
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
Reason for issue/acquisition/redemption and specific authority	Acquisition under Board
for issue/acquisition/redemption/ (the reason for change must	approved buyback programme
be identified here)	announced on 21 February
	2022
Total number of Financial Products of the Class after the	445,503,463 ordinary shares
issue/acquisition/redemption/Conversion (excluding TreasuryStock) and the total number of Financial Products of the Classheld as Treasury Stock after the issue/acquisition/redemption.	None held as treasury stock
In the case of an acquisition of shares, whether those shares	No
are to be held as treasury stock

	Specific authority for the issue, acquisition, or redemption,including a reference to the rule pursuant to which the issue,acquisition, or redemption is made	Specific authority for the issue, acquisition, or redemption,including a reference to the rule pursuant to which the issue,acquisition, or redemption is made	Specific authority for the issue, acquisition, or redemption,including a reference to the rule pursuant to which the issue,acquisition, or redemption is made	Board resolution dated 18February 2022NZX Listing Rule 4.14.1(a)	Board resolution dated 18February 2022NZX Listing Rule 4.14.1(a)	Board resolution dated 18February 2022NZX Listing Rule 4.14.1(a)
				Shares acquired will becancelled
	Terms or details of the issue,	acquisition, or redemption (for		Shares acquired will becancelled
	example: restrictions, escrow	arrangements)		cancelled
	Date of issue/acquisition/red	emption		8/11/2022
	Section 3: Authority for thi	s announcement and contact p	erson
	Name of person authorised to make this announcement			Andrew CarrollChief Financial Officer
	Contact person for this announcement			Brett JacksonInvestor Relations Manager
	Contact phone number			+64 4 896 4039+64 27 488 7808
	Contact email address			Brett.Jackson@chorus.co.nz
	Date of release through MAP			9/11/2022
The identit of the seller or selle		s (and the beneficial owner or own	rs) of the Chorus ordinar shares is
ynot known to Chorus			y
.

The identity of the seller or sellers (and the beneficial owner or owners) of the Chorus ordinary shares is not known to Chorus.