CHORUS LIMITED — Share Issue/Capital Change 2023

Apr 30, 2023

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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 20 February 2023.

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	205,654
Nominal value (if any)	N/A
Issue/acquisition/redemption price per security	NZD $8.6388 (average) inrespect of 120,000 ordinaryshares acquired on NZXAUD $8.0195 (average) inrespect of 85,654 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 TreasuryStock, in existence)	0.0469%
For an issue of Convertible Financial Products or Options,the principal terms of Conversion (for example theConversion price and Conversion date and the ranking ofthe Financial Product in relation to other Classes ofFinancial Product) or the Option (for example, the exerciseprice and exercise date)	N/A
Reason for issue/acquisition/redemption and specificauthority for issue/acquisition/redemption/ (the reason forchange must be identified here)	Acquisition under Boardapproved buyback programmeannounced on 20 February 2023
Total number of Financial Products of the Class after theissue/acquisition/redemption/Conversion (excludingTreasury Stock) and the total number of Financial Productsof the Class held as Treasury Stock after theissue/acquisition/redemption.	438,620,055 ordinary sharesNone held as treasury stock
In the case of an acquisition of shares, whether thoseshares are to be held as treasury stock	No

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 resolutions dated 18February 2022 and 17 February2023NZX 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 acquisition	28/04/2023
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement	Mark AueChief 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	01/05/2023

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