CHORUS LIMITED — Share Issue/Capital Change 2022

Oct 6, 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	27,676
Nominal value (if any)	N/A
Issue/acquisition/redemption price per security	NZD $7.6048 (average) inrespect of 16,969 ordinaryshares acquired on NZXAUD $6.7511 (average) inrespect of 10,707 ordinaryshares acquired on ASX
Nature of the payment (for example, cash or otherconsideration)	Cash
Amount paid up (if not in full)	Paid in full
Percentage of total class of Financial Productsissued/acquired/redeemed/ (calculated on the number ofFinancial Products of the Class, excluding any Treasury Stock,in existence)1	0.0062%
For an issue of Convertible Financial Products or Options, theprincipal terms of Conversion (for example the Conversionprice and Conversion date and the ranking of the FinancialProduct in relation to other Classes of Financial Product) or theOption (for example, the exercise price and exercise date)	N/A
Reason for issue/acquisition/redemption and specific authorityfor issue/acquisition/redemption/ (the reason for change mustbe identified here)	Acquisition under Boardapproved buyback programmeannounced on 21 February2022
Total number of Financial Products of the Class after theissue/acquisition/redemption/Conversion (excluding TreasuryStock) and the total number of Financial Products of the Classheld as Treasury Stock after the issue/acquisition/redemption.	445,928,066 ordinary sharesNone held as treasury stock
In the case of an acquisition of shares, whether those sharesare to be held as treasury stock	No

1 The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

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)
Terms or details of the issue, acquisition, or redemption (forexample: restrictions, escrow arrangements)	Shares acquired will becancelled
Date of issue/acquisition/redemption	06/10/2022
Section 3: Authority for this announcement and contact person
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	07/10/2022

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