CHORUS LIMITED — Share Issue/Capital Change 2023

Mar 23, 2023

==> picture [101 x 49] intentionally omitted <==

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	118,294
Nominal value (if any)	N/A
Issue/acquisition/redemption price per security	NZD $7.9296 (average) inrespect of 75,261 ordinaryshares acquired on NZXAUD $7.3671 (average) inrespect of 43,033 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)	0.0269%
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 20 February2023
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.	440,342,240 ordinary sharesNone held as treasury stock
In the case of an acquisition of shares, whether those sharesare 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	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 resolutions dated 18February 2022 and 17February 2023NZX Listing Rule 4.14.1(a)	Board resolutions dated 18February 2022 and 17February 2023NZX Listing Rule 4.14.1(a)
	Terms or details of the issue, acquisition, or redemption (forexample: restrictions, escrow arrangements)			Shares acquired will becancelled
				23/03/2023
	Date of acquisition			23/03/2023
	Section 3: Authority for this a	nnoun	cement and contact person
	Name of person authorised to m		is announcement	Andrew Carroll
		ake th
				Chief Financial Officer
				Brett Jackson
	Contact person for this announc	ement		Investor 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			24/03/2023

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