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D&O Ongoing Disclosure – Multiple

Insider Disclosure20 September 2018CNUCommunication Services

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and

Name of listed issuer:

Chorus Limited

Date this disclosure made:

21-Sep-18

Date of last disclosure:

6-Oct-17

Director or senior manager giving disclosure

Full name(s):

Vanessa Oakley

Name of listed issuer:

Chorus Limited

Name of related body corporate (if applicable):

N/A

Position held in listed issuer:

General Manager, Strategy & Business

Operations

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Class of affected quoted financial products: Chorus Limited ordinary shares

Nature of the affected relevant interest(s):

(1) August 2018 grant under Chorus' Long Term

Incentive Plan (LTI) resulting in a beneficial

interest in 14,487 ordinary shares to be held on

trust by Chorus LTI Trustee Limited subject to

certain performance targets being met

(2) Vesting of beneficial interest in 20,231

ordinary shares pursuant to 2015 three year LTI

grant

(3) Forfeiture of beneficial interest in 2,501

ordinary shares pursuant to 2015 three year LTI

grant

(4) Registered holder and beneficial owner

For that relevant interest-

Number held in class before acquisition or disposal:

(1) 0

(2) + (3) 22,732

(4) 27,666

Number held in class after acquisition or disposal:

(1) 14,487

(2) + (3) 0

(4) 47,897

Current registered holder(s):

(1), (2) + (3) Chorus LTI Trustee Limited

(4) Vanessa Oakley

Registered holder(s) once transfers are registered:

(1) Chorus LTI Trustee Limited

(2) Vanessa Oakley

(3) Chorus LTI Trustee Limited

(4) Vanessa Oakley

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)

Type of affected derivative:

N/A

Class of underlying financial products:

Details of affected derivative-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

A statement as to whether the derivative is cash settled or physically settled:

Maturity date of the derivative (if any):

Expiry date of the derivative(if any):

The price specified in the terms of the derivative (if any):

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the

underlying financial products:

For that derivative,-
Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

Details of transactions giving rise to acquisition or disposal

Total number of transactions to which notice relates:

3

Details of transactions requiring disclosure-

Date of transaction:

31 August 2018

Nature of transaction:

(1) Off market acquisition of ordinary shares by

Chorus LTI Trustee Limited as trustee under

Chorus' LTI

(2) Vesting of ordinary shares pursuant to

Chorus' LTI (2015 three year grant)

(3) Forfeiture of ordinary shares pursuant to

Chorus' LTI (2015 three year grant)

Name of any other party or parties to the transaction (if known):

(1), (2) + (3) Chorus LTI Trustee Limited

The consideration, expressed in New Zealand dollars, paid or received for the acquisition

or disposal. If the consideration was not in cash and cannot be readily by converted into a

cash value, describe the consideration:

(1) $66,163

(2) + (3) Nil

Number of financial products to which the transaction related:

(1) 14,487

(2) + (3) 22,732

If the issuer has a financial products trading policy that prohibits directors or senior

managers from trading during any period without written clearance (a closed period)

include the following details—

Whether relevant interests were acquired or disposed of during a closed period:

No

Whether prior written clearance was provided to allow the acquisition or disposal to

proceed during the closed period:

N/A

Date of the prior written clearance (if any):

N/A

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products:

Chorus Limited ordinary shares

Nature of relevant interest:

Beneficial interest in other ordinary shares

pursuant to Chorus' LTI

For that relevant interest,-

Number held in class:

32,561

Current registered holder(s):

Chorus LTI Trustee Limited

For a derivative relevant interest,-

Type of derivative:

N/A

Details of derivative,-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

N/A

A statement as to whether the derivative is cash settled or physically settled:

Maturity date of the derivative (if any):

Expiry date of the derivative (if any):

The price's specified terms (if any):

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the

underlying financial products:

For that derivative relevant interest,-

Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

Certification
I certify that, to the best of my knowledge and belief, the information contained in this

disclosure is correct and that I am duly authorised to make this disclosure by all persons

for whom it is made.

Signature of director or officer:

Date of signature:

20-Sep-18

or

Signature of person authorised to sign on behalf of director or officer:

Date of signature:

Name and title of authorised person:

---

On-going Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and

Name of listed issuer:

Chorus Limited

Date this disclosure made:

21-Sep-18

Date of last disclosure:

N/A

Director or senior manager giving disclosure

Full name(s):

Elaine Campbell

Name of listed issuer:

Chorus Limited

Name of related body corporate (if applicable):

N/A

Position held in listed issuer:

General Counsel & Company Secretary

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Class of affected quoted financial products:

Chorus Limited ordinary shares

Nature of the affected relevant interest(s):

August 2018 grant under Chorus' Long Term

Incentive Plan (LTI) resulting in a beneficial

interest in 14,670 ordinary shares to be held on

trust by Chorus LTI Trustee Limited subject to

certain performance targets being met

For that relevant interest-

Number held in class before acquisition or disposal:0

Number held in class after acquisition or disposal:14,670

Current registered holder(s):Unknown

Registered holder(s) once transfers are registered:Chorus LTI Trustee Limited

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)

Type of affected derivative:

N/A

Class of underlying financial products:

Details of affected derivative-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

A statement as to whether the derivative is cash settled or physically settled:

Maturity date of the derivative (if any):

Expiry date of the derivative(if any):

The price specified in the terms of the derivative (if any):

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the

underlying financial products:

For that derivative,-

Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

Details of transactions giving rise to acquisition or disposal

Total number of transactions to which notice relates:

1

Details of transactions requiring disclosure-

Date of transaction:

31 August 2018

Nature of transaction:

On market acquisition of ordinary shares by

Chorus LTI Trustee Limited as trustee under

Chorus' LTI

Name of any other party or parties to the transaction (if known):

Chorus LTI Trustee Limited

The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a

cash value, describe the consideration:

$67,000

Number of financial products to which the transaction related:

14,670

If the issuer has a financial products trading policy that prohibits directors or senior

managers from trading during any period without written clearance (a closed period)

include the following details—

Whether relevant interests were acquired or disposed of during a closed period:

No

Whether prior written clearance was provided to allow the acquisition or disposal to

proceed during the closed period:

N/A

Date of the prior written clearance (if any):

N/A

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products:

N/A

Nature of relevant interest:

For that relevant interest,-

Number held in class:

Current registered holder(s):

For a derivative relevant interest,-

Type of derivative:

N/A

Details of derivative,-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

A statement as to whether the derivative is cash settled or physically settled:

Maturity date of the derivative (if any):

Expiry date of the derivative (if any):

The price's specified terms (if any):

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the

underlying financial products:

For that derivative relevant interest,-

Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

Certification

I certify that, to the best of my knowledge and belief, the information contained in this

disclosure is correct and that I am duly authorised to make this disclosure by all persons

for whom it is made.

Signature of director or officer:

Date of signature:

20-Sep-18

or

Signature of person authorised to sign on behalf of director or officer:

Date of signature:

Name and title of authorised person:

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and

Name of listed issuer:

Chorus Limited

Date this disclosure made:

21-Sep-18

Date of last disclosure:

6-Oct-17

Director or senior manager giving disclosure

Full name(s):

Andrew Carroll

Name of listed issuer:

Chorus Limited

Name of related body corporate (if applicable):

N/A

Position held in listed issuer:

Chief Financial Officer and General Manager

Network & Field Management

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Class of affected quoted financial products: Chorus Limited ordinary shares

Nature of the affected relevant interest(s):(1) August 2018 grant under Chorus' Long Term

Incentive Plan (LTI) resulting in a beneficial

interest in 20,428 ordinary shares to be held on

trust by Chorus LTI Trustee Limited subject to

certain performance targets being met

(2) Vesting of beneficial interest in 29,379

ordinary shares pursuant to 2015 three year LTI

grant

(3) Forfeiture of beneficial interest in 3,631

ordinary shares pursuant to 2015 three year LTI

grant

(4) Registered holder and beneficial owner

For that relevant interest-

Number held in class before acquisition or disposal:

(1) 0

(2) + (3) 33,010

(4) 59,233

Number held in class after acquisition or disposal:

(1) 20,428

(2) + (3) 0

(4) 88,612

Current registered holder(s):

(1), (2) + (3) Chorus LTI Trustee Limited

(4) Andrew Carroll

Registered holder(s) once transfers are registered:

(1) Chorus LTI Trustee Limited

(2) Andrew Carroll

(3) Chorus LTI Trustee Limited

(4) Andrew Carroll

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)

Type of affected derivative:

N/A

Class of underlying financial products:

Details of affected derivative-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

A statement as to whether the derivative is cash settled or physically settled:

Maturity date of the derivative (if any):

Expiry date of the derivative(if any):

The price specified in the terms of the derivative (if any):

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the

underlying financial products:

For that derivative,-
Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

Details of transactions giving rise to acquisition or disposal

Total number of transactions to which notice relates:

3

Details of transactions requiring disclosure-

Date of transaction:

31 August 2018

Nature of transaction:

(1) Off market acquisition of ordinary shares by

Chorus LTI Trustee Limited as trustee under

Chorus' LTI

(2) Vesting of ordinary shares pursuant to

Chorus' LTI (2015 three year grant)

(3) Forfeiture of ordinary shares pursuant to

Chorus' LTI (2015 three year grant)

Name of any other party or parties to the transaction (if known):

(1), (2) + (3) Chorus LTI Trustee Limited

The consideration, expressed in New Zealand dollars, paid or received for the acquisition

or disposal. If the consideration was not in cash and cannot be readily by converted into a

cash value, describe the consideration:

(1) $93,298

(2) + (3) Nil

Number of financial products to which the transaction related:

(1) 20,428

(2) + (3) 33,010

If the issuer has a financial products trading policy that prohibits directors or senior

managers from trading during any period without written clearance (a closed period)

include the following details—

Whether relevant interests were acquired or disposed of during a closed period:

No

Whether prior written clearance was provided to allow the acquisition or disposal to

proceed during the closed period:

N/A

Date of the prior written clearance (if any):

N/A

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products:

Chorus Limited ordinary shares

Nature of relevant interest:

Beneficial interest in other ordinary shares

pursuant to Chorus' LTI

For that relevant interest,-

Number held in class:

46,700

Current registered holder(s):

Chorus LTI Trustee Limited

For a derivative relevant interest,-

Type of derivative:

N/A

Details of derivative,-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

A statement as to whether the derivative is cash settled or physically settled:

Maturity date of the derivative (if any):

Expiry date of the derivative (if any):

The price's specified terms (if any):

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the

underlying financial products:

For that derivative relevant interest,-

Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

Certification
I certify that, to the best of my knowledge and belief, the information contained in this

disclosure is correct and that I am duly authorised to make this disclosure by all persons

for whom it is made.

Signature of director or officer:

Date of signature:

20-Sep-18

or

Signature of person authorised to sign on behalf of director or officer:

Date of signature:

Name and title of authorised person:

---

On-going Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and

Name of listed issuer:

Chorus Limited

Date this disclosure made:

21-Sep-18

Date of last disclosure:

6-Oct-17

Director or senior manager giving disclosure

Full name(s):

Kathryn McKenzie

Name of listed issuer:

Chorus Limited

Name of related body corporate (if applicable):

N/A

Position held in listed issuer:

Chief Executive

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Class of affected quoted financial products:

Chorus Limited ordinary shares

Nature of the affected relevant interest(s):

August 2018 grant under Chorus' Long Term

Incentive Plan (LTI) resulting in a beneficial

interest in 58,095 ordinary shares to be held on

trust by Chorus LTI Trustee Limited subject to

certain performance targets being met

For that relevant interest-

Number held in class before acquisition or disposal:0

Number held in class after acquisition or disposal:58,095

Current registered holder(s):Chorus LTI Trustee Limited

Registered holder(s) once transfers are registered:Chorus LTI Trustee Limited

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)

Type of affected derivative:

N/A

Class of underlying financial products:

Details of affected derivative-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

A statement as to whether the derivative is cash settled or physically settled:

Maturity date of the derivative (if any):

Expiry date of the derivative(if any):

The price specified in the terms of the derivative (if any):

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the

underlying financial products:

For that derivative,-

Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

Details of transactions giving rise to acquisition or disposal

Total number of transactions to which notice relates:

1

Details of transactions requiring disclosure-

Date of transaction:

31 August 2018

Nature of transaction:

Off market acquisition of ordinary shares by

Chorus LTI Trustee Limited as trustee under

Chorus' LTI

Name of any other party or parties to the transaction (if known):

Chorus LTI Trustee Limited

The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a

cash value, describe the consideration:

$265,320

Number of financial products to which the transaction related:

58,095

If the issuer has a financial products trading policy that prohibits directors or senior

managers from trading during any period without written clearance (a closed period)

include the following details—

Whether relevant interests were acquired or disposed of during a closed period:

No

Whether prior written clearance was provided to allow the acquisition or disposal to

proceed during the closed period:

N/A

Date of the prior written clearance (if any):

N/A

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products:

Chorus Limited ordinary shares

Nature of relevant interest:

Beneficial interest in other ordinary shares

pursuant to Chorus' LTI

For that relevant interest,-

Number held in class:

65,862

Current registered holder(s):

Chorus LTI Trustee Limited

For a derivative relevant interest,-

Type of derivative:

N/A

Details of derivative,-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

N/A

A statement as to whether the derivative is cash settled or physically settled:

Maturity date of the derivative (if any):

Expiry date of the derivative (if any):

The price's specified terms (if any):

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the

underlying financial products:

For that derivative relevant interest,-

Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

Certification

I certify that, to the best of my knowledge and belief, the information contained in this

disclosure is correct and that I am duly authorised to make this disclosure by all persons

for whom it is made.

Signature of director or officer:

Date of signature:

20-Sep-18

or

Signature of person authorised to sign on behalf of director or officer:

Date of signature:

Name and title of authorised person:

---

On-going Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and

Name of listed issuer:

Chorus Limited

Date this disclosure made:

21-Sep-18

Date of last disclosure:

N/A

Director or senior manager giving disclosure

Full name(s):

Edward Hyde

Name of listed issuer:

Chorus Limited

Name of related body corporate (if applicable):

N/A

Position held in listed issuer:

Chief Customer Officer

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Class of affected quoted financial products:

Chorus Limited ordinary shares

Nature of the affected relevant interest(s):

August 2018 grant under Chorus' Long Term

Incentive Plan (LTI) resulting in a beneficial

interest in 16,137 ordinary shares to be held on

trust by Chorus LTI Trustee Limited subject to

certain performance targets being met

For that relevant interest-

Number held in class before acquisition or disposal:0

Number held in class after acquisition or disposal:16,137

Current registered holder(s):Unknown

Registered holder(s) once transfers are registered:Chorus LTI Trustee Limited

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)

Type of affected derivative:

N/A

Class of underlying financial products:

Details of affected derivative-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

A statement as to whether the derivative is cash settled or physically settled:

Maturity date of the derivative (if any):

Expiry date of the derivative(if any):

The price specified in the terms of the derivative (if any):

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the

underlying financial products:

For that derivative,-

Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

Details of transactions giving rise to acquisition or disposal

Total number of transactions to which notice relates:

1

Details of transactions requiring disclosure-

Date of transaction:

31-Aug-18

Nature of transaction:

On market acquisition of ordinary shares by

Chorus LTI Trustee Limited as trustee under

Chorus' LTI

Name of any other party or parties to the transaction (if known):

Chorus LTI Trustee Limited

The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a

cash value, describe the consideration:

$73,700

Number of financial products to which the transaction related:

16,137

If the issuer has a financial products trading policy that prohibits directors or senior

managers from trading during any period without written clearance (a closed period)

include the following details—

Whether relevant interests were acquired or disposed of during a closed period:

No

Whether prior written clearance was provided to allow the acquisition or disposal to

proceed during the closed period:

N/A

Date of the prior written clearance (if any):

N/A

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products:

N/A

Nature of relevant interest:

For that relevant interest,-

Number held in class:

Current registered holder(s):

For a derivative relevant interest,-

Type of derivative:

N/A

Details of derivative,-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

A statement as to whether the derivative is cash settled or physically settled:

Maturity date of the derivative (if any):

Expiry date of the derivative (if any):

The price's specified terms (if any):

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the

underlying financial products:

For that derivative relevant interest,-

Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

Certification

I certify that, to the best of my knowledge and belief, the information contained in this

disclosure is correct and that I am duly authorised to make this disclosure by all persons

for whom it is made.

Signature of director or officer:

Date of signature:

20-Sep-18

or

Signature of person authorised to sign on behalf of director or officer:

Date of signature:

Name and title of authorised person:

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and

Name of listed issuer:

Chorus Limited

Date this disclosure made:

21-Sep-18

Date of last disclosure:

29-Sep-17

Director or senior manager giving disclosure

Full name(s):

Joanna Crawford

Name of listed issuer:

Chorus Limited

Name of related body corporate (if applicable):

N/A

Position held in listed issuer:

General Manager Customer Care

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Class of affected quoted financial products:

Chorus Limited ordinary shares

Nature of the affected relevant interest(s):

(1) August 2018 Grant under Chorus' Long Term

Incentive Plan (LTI) resulting in a beneficial

interest in 9,352 ordinary shares to be held on

trust by Chorus LTI Trustee Limited subject to

certain performance targets being met

(2) Vesting of beneficial interest in 187 ordinary

shares under Chorus' Employee Equity Building

Scheme (2015 three year grant)

(3) Registered holder and beneficial owner

For that relevant interest-

Number held in class before acquisition or disposal:

(1) Nil

(2) 187

(3) 456

Number held in class after acquisition or disposal:

(1) 9,352

(2) 0

(3) 643

Current registered holder(s):

(1) Unknown

(2) Trustee Executors Limited

(3) Joanna Crawford

Registered holder(s) once transfers are registered:

(1) Chorus LTI Trustee Limited

(2) +(3) Joanna Crawford

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)

Type of affected derivative:

N/A

Class of underlying financial products:

Details of affected derivative-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

A statement as to whether the derivative is cash settled or physically settled:

Maturity date of the derivative (if any):

Expiry date of the derivative(if any):

The price specified in the terms of the derivative (if any):

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the

underlying financial products:

For that derivative,-

Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:

2

Details of transactions requiring disclosure-

Date of transaction:

(1) 31 August 2018

(2) 11 September 2018

Nature of transaction:

(1) On market acquisition of ordinary shares by

Chorus LTI Trustee Limited as trustee under

Chorus' LTI

(2) Vesting of ordinary shares pursuant to

Chorus' Employee Equity Building Scheme

(2015 three year grant)

Name of any other party or parties to the transaction (if known):

(1) Unknown

(2) Trustees Executors Limited as trustee under

Chorus' Employee Equity Building Scheme

The consideration, expressed in New Zealand dollars, paid or received for the acquisition

or disposal. If the consideration was not in cash and cannot be readily by converted into a

cash value, describe the consideration:

(1) $42,713

(2) Nil

Number of financial products to which the transaction related:

(1) 9,352

(2) 187

If the issuer has a financial products trading policy that prohibits directors or senior

managers from trading during any period without written clearance (a closed period)

include the following details—

Whether relevant interests were acquired or disposed of during a closed period:

No

Whether prior written clearance was provided to allow the acquisition or disposal to

proceed during the closed period:

N/A

Date of the prior written clearance (if any):

N/A

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products:

Chorus Limited ordinary shares

Nature of relevant interest:

Beneficial interest in other ordinary shares under

Chorus' Emplyee Equity Building Scheme

For that relevant interest,-

Number held in class:

133

Current registered holder(s):

Trustees Executors Limited

For a derivative relevant interest,-

Type of derivative:

N/A

Details of derivative,-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

A statement as to whether the derivative is cash settled or physically settled:

Maturity date of the derivative (if any):

Expiry date of the derivative (if any):

The price's specified terms (if any):

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the

underlying financial products:

For that derivative relevant interest,-

Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

Certification

I certify that, to the best of my knowledge and belief, the information contained in this

disclosure is correct and that I am duly authorised to make this disclosure by all persons

for whom it is made.

Signature of director or officer:
Date of signature:

20-Sep-18

or

Signature of person authorised to sign on behalf of director or officer:

Date of signature:

Name and title of authorised person:

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and

Name of listed issuer:

Chorus Limited

Date this disclosure made:

21-Sep-18

Date of last disclosure:

6-Oct-17

Director or senior manager giving disclosure

Full name(s):

Ewen Powell

Name of listed issuer:

Chorus Limited

Name of related body corporate (if applicable):

N/A

Position held in listed issuer:

Chief Technology Officer

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Class of affected quoted financial products: Chorus Limited ordinary shares

Nature of the affected relevant interest(s):

(1) August 2018 grant under Chorus' Long Term

Incentive Plan (LTI) resulting in a beneficial

interest in 13,570 ordinary shares to be held on

trust by Chorus LTI Trustee Limited subject to

certain performance targets being met

(2) Vesting of beneficial interest in 19,678

ordinary shares pursuant to 2015 three year LTI

grant

(3) Forfeiture of beneficial interest in 2,432

ordinary shares pursuant to 2015 three year LTI

grant

(4) Vesting of beneficial interest in 187 ordinary

shares under Chorus' Employee Equity Building

Scheme (2015 three year grant)

(5) Registered holder and beneficial owner

For that relevant interest-

Number held in class before acquisition or disposal:

(1) 0

(2) + (3) 22,110

(4) 187

(5) 23,928

Number held in class after acquisition or disposal:

(1) 13,570

(2) + (3) 0

(4) 0

(5) 43,793

Current registered holder(s):

(1), (2) + (3) Chorus LTI Trustee Limited

(4) Trustees Executors Limited

(5) Ewen Powell

Registered holder(s) once transfers are registered:

(1) Chorus LTI Trustee Limited

(2) Ewen Powell

(3) Chorus LTI Trustee Limited

(4) Ewen Powell

(5) Ewen Powell

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)

Type of affected derivative:

N/A

Class of underlying financial products:

Details of affected derivative-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

A statement as to whether the derivative is cash settled or physically settled:

Maturity date of the derivative (if any):

Expiry date of the derivative(if any):
The price specified in the terms of the derivative (if any):

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the

underlying financial products:

For that derivative,-

Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

Details of transactions giving rise to acquisition or disposal

Total number of transactions to which notice relates:

4

Details of transactions requiring disclosure-

Date of transaction:

(1), (2) + (3) 31 August 2018

(4) 11 September 2018

Nature of transaction:

(1) Off market acquisition of ordinary shares by

Chorus LTI Trustee Limited as trustee under

Chorus' LTI

(2) Vesting of ordinary shares pursuant to

Chorus' LTI (2015 three year grant)

(3) Forfeiture of ordinary shares pursuant to

Chorus' LTI (2015 three year grant)

(4) Vesting of ordinary shares pursuant to

Chorus' Employee Equity Building Scheme

(2015 three year grant)

Name of any other party or parties to the transaction (if known):

(1), (2) + (3) Chorus LTI Trustee Limited

(4) Trustees Executors Limited as trustee under

Chorus' Emplyee Equity Building Scheme

The consideration, expressed in New Zealand dollars, paid or received for the acquisition

or disposal. If the consideration was not in cash and cannot be readily by converted into a

cash value, describe the consideration:

(1) $61,975

(2), (3) + (4) 0

Number of financial products to which the transaction related:

(1) 13,570

(2) + (3) 22,110

(4) 187

If the issuer has a financial products trading policy that prohibits directors or senior

managers from trading during any period without written clearance (a closed period)

include the following details—

Whether relevant interests were acquired or disposed of during a closed period:

No

Whether prior written clearance was provided to allow the acquisition or disposal to

proceed during the closed period:

N/A

Date of the prior written clearance (if any):

N/A

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products:

Chorus Limited ordinary shares

Nature of relevant interest:

(a) Beneficial interest in other ordinary shares

under Chorus' Employee Equity Building

Scheme

(b) Beneficial interest in other ordinary shares

pursuant to Chorus' LTI

For that relevant interest,-

Number held in class:

(a) 133

(b) 30,418

Current registered holder(s):

(a) Trustees Executors Limited

(b) Chorus LTI Trustee Limited

For a derivative relevant interest,-

Type of derivative:

N/A

Details of derivative,-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

A statement as to whether the derivative is cash settled or physically settled:

Maturity date of the derivative (if any):

Expiry date of the derivative (if any):

The price's specified terms (if any):
Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the

underlying financial products:

For that derivative relevant interest,-

Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

Certification

I certify that, to the best of my knowledge and belief, the information contained in this

disclosure is correct and that I am duly authorised to make this disclosure by all persons

for whom it is made.

Signature of director or officer:

Date of signature:

20-Sep-18

or

Signature of person authorised to sign on behalf of director or officer:

Date of signature:

Name and title of authorised person:

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and

Name of listed issuer:

Chorus Limited

Date this disclosure made:

21-Sep-18

Date of last disclosure:

13-Aug-18

Director or senior manager giving disclosure

Full name(s):

Edward Beattie

Name of listed issuer:

Chorus Limited

Name of related body corporate (if applicable):

N/A

Position held in listed issuer:

Former General Manager Network and Field

Management

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Class of affected quoted financial products:

Chorus Limited ordinary shares

Nature of the affected relevant interest(s):

(1) Vesting of beneficial interest in 21,065

ordinary shares under Chorus' Long Term

Incentive Plan (LTI) pursuant to 2015 three

year grant

(2) Forfeiture of beneficial interest in 2,603

ordinary shares pursuant to 2015 three year LTI

grant

(3) Registered holder and beneficial owner

For that relevant interest-

Number held in class before acquisition or disposal:

(1) + (2) 23,668

(3) 26,233

Number held in class after acquisition or disposal:

(1) + (2) Nil

(3) 47,298

Current registered holder(s):

(1) + (2) Chorus LTI Trustee Limited

(3) Edward Beattie

Registered holder(s) once transfers are registered:

(1) Edward Beattie

(2) Chorus LTI Trustee Limited

(3) Edward Beattie

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)

Type of affected derivative:

N/A

Class of underlying financial products:

Details of affected derivative-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

A statement as to whether the derivative is cash settled or physically settled:

Maturity date of the derivative (if any):

Expiry date of the derivative(if any):

The price specified in the terms of the derivative (if any):

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the

underlying financial products:

For that derivative,-

Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:

Details of transactions giving rise to acquisition or disposal

Total number of transactions to which notice relates:

2

Details of transactions requiring disclosure-

Date of transaction:

31 August 2018

Nature of transaction:

(1) Vesting of ordinary shares pursuant to

Chorus' LTI (2015 three year grant)

(2) Forfeiture of ordinary shares pursuant to

Chorus' LTI (2015 three year grant)

Name of any other party or parties to the transaction (if known):

(1) + (2) Chorus LTI Trustee Limited

The consideration, expressed in New Zealand dollars, paid or received for the acquisition

or disposal. If the consideration was not in cash and cannot be readily by converted into a

cash value, describe the consideration:

(1) + (2) Nil

Number of financial products to which the transaction related:

(1) + (2) 23,668

If the issuer has a financial products trading policy that prohibits directors or senior

managers from trading during any period without written clearance (a closed period)

include the following details—

Whether relevant interests were acquired or disposed of during a closed period:

No

Whether prior written clearance was provided to allow the acquisition or disposal to

proceed during the closed period:

N/A

Date of the prior written clearance (if any):

N/A

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products:

N/A

Nature of relevant interest:

For that relevant interest,-

Number held in class:

Current registered holder(s):

For a derivative relevant interest,-

Type of derivative:

N/A

Details of derivative,-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

A statement as to whether the derivative is cash settled or physically settled:

Maturity date of the derivative (if any):

Expiry date of the derivative (if any):

The price's specified terms (if any):

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the

underlying financial products:

For that derivative relevant interest,-

Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

Certification

I certify that, to the best of my knowledge and belief, the information contained in this

disclosure is correct and that I am duly authorised to make this disclosure by all persons

for whom it is made.

Signature of director or officer:

Date of signature:

20/09/2018

or

Signature of person authorised to sign on behalf of director or officer:

Date of signature:
Name and title of authorised person:

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and

Name of listed issuer:

Chorus Limited

Date this disclosure made:

21-Sep-18

Date of last disclosure:

6-Oct-17

Director or senior manager giving disclosure

Full name(s):

Ian Bonnar

Name of listed issuer:

Chorus Limited

Name of related body corporate (if applicable):

N/A

Position held in listed issuer:

General Manager Corporate Relations

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Class of affected quoted financial products: Chorus Limited ordinary shares

Nature of the affected relevant interest(s):

(1) August 2018 grant under Chorus' Long Term

Incentive Plan (LTI) resulting in a beneficial

interest in 9,719 ordinary shares to be held on

trust by Chorus LTI Trustee Limited subject to

certain performance targets being met

(2) Vesting of beneficial interest in 13,304

ordinary shares pursuant to 2015 three year LTI

grant

(3) Forfeiture of beneficial interest in 1,644

ordinary shares pursuant to 2015 three year LTI

grant

(4) Vesting of beneficial interest in 187 ordinary

shares under Chorus' Employee Equity Building

Scheme (2015 three year grant)

(5) Registered holder and beneficial owner

For that relevant interest-

Number held in class before acquisition or disposal:

(1) 0

(2) + (3) 14,948

(4) 187

(5) 456

Number held in class after acquisition or disposal:

(1) 9,719

(2), (3) + (4) 0

(5) 13,947

Current registered holder(s):

(1), (2) + (3) Chorus LTI Trustee Limited

(4) Trustees Executors Limited

(5) Ian Bonnar

Registered holder(s) once transfers are registered:

(1) Chorus LTI Trustee Limited

(2) Ian Bonnar

(3) Chorus LTI Trustee Limited

(4) Ian Bonnar

(5) Ian Bonnar

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)

Type of affected derivative:

N/A

Class of underlying financial products:

Details of affected derivative-

The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):

A statement as to whether the derivative is cash settled or physically settled:

Maturity date of the derivative (if any):

Expiry date of the derivative(if any):

The price specified in the terms of the derivative (if any):

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the

underlying financial products:

For that derivative,-

Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

Details of transactions giving rise to acquisition or disposal

Total number of transactions to which notice relates:

4

Details of transactions requiring disclosure-

Date of transaction:

(1), (2) + (3) 31 August 2018

(4) 11 September 2018

Nature of transaction:

(1) Off market acquisition of ordinary shares by

Chorus LTI Trustee Limited as trustee under

Chorus' LTI

(2) Vesting of ordinary shares pursuant to

Chorus' LTI (2015 three year grant)

(3) Forfeiture of ordinary shares pursuant to

Chorus' LTI (2015 three year grant)

(4) Vesting of ordinary shares pursuant to

Chorus' Employee Equity Building Scheme

(2015 three year grant)

Name of any other party or parties to the transaction (if known):

(1), (2) + (3) Chorus LTI Trustee Limited

(4) Trustees Executors Limited as trustee under

Chorus' Employee Equity Building Scheme

The consideration, expressed in New Zealand dollars, paid or received for the acquisition

or disposal. If the consideration was not in cash and cannot be readily by converted into a

cash value, describe the consideration:

(1) $44,388

(2), (3) + (4) Nil

Number of financial products to which the transaction related:

(1) 9,719

(2) + (3) 14,948

(4) 187

If the issuer has a financial products trading policy that prohibits directors or senior

managers from trading during any period without written clearance (a closed period)

include the following details—

Whether relevant interests were acquired or disposed of during a closed period:

No

Whether prior written clearance was provided to allow the acquisition or disposal to

proceed during the closed period:

N/A

Date of the prior written clearance (if any):

N/A

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products:

Chorus Limited ordinary shares

Nature of relevant interest:

(a) Beneficial interest in other ordinary shares

under Chorus' Employee Equity Building

Scheme

(b) Beneficial interest in other ordinary shares

pursuant to Chorus' LTI

For that relevant interest,-

Number held in class:

(a) 133

(b) 21,421

Current registered holder(s):
(a) Trustees Executors Limited

(b) Chorus LTI Trustee Limited

For a derivative relevant interest,-

Type of derivative:

N/A

Details of derivative,-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

N/A

A statement as to whether the derivative is cash settled or physically settled:

Maturity date of the derivative (if any):

Expiry date of the derivative (if any):

The price's specified terms (if any):

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the

underlying financial products:

For that derivative relevant interest,-

Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

Certification

I certify that, to the best of my knowledge and belief, the information contained in this

disclosure is correct and that I am duly authorised to make this disclosure by all persons

for whom it is made.

Signature of director or officer:

Date of signature:

20-Sep-18

or

Signature of person authorised to sign on behalf of director or officer:

Date of signature:

Name and title of authorised person:

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and

Name of listed issuer:

Chorus Limited

Date this disclosure made:

21-Sep-18

Date of last disclosure:

6-Oct-17

Director or senior manager giving disclosure

Full name(s):

Shaun Philp

Name of listed issuer:

Chorus Limited

Name of related body corporate (if applicable):

N/A

Position held in listed issuer:

General Manager People & Culture

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Class of affected quoted financial products:

Chorus Limited ordinary shares

Nature of the affected relevant interest(s):

August 2018 grant under Chorus' Long Term

Incentive Plan (LTI) resulting in a beneficial

interest in 12,469 ordinary shares to be held on

trust by Chorus LTI Trustee Limited subject to

certain performance targets being met

For that relevant interest-

Number held in class before acquisition or disposal:0

Number held in class after acquisition or disposal:12,469

Current registered holder(s):

(1) Chorus LTI Trustee Limited

(2) Unknown

Registered holder(s) once transfers are registered:(1) + (2) Chorus LTI Trustee Limited

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)

Type of affected derivative:

N/A

Class of underlying financial products:

Details of affected derivative-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

A statement as to whether the derivative is cash settled or physically settled:

Maturity date of the derivative (if any):

Expiry date of the derivative(if any):

The price specified in the terms of the derivative (if any):

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the

underlying financial products:

For that derivative,-

Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

Details of transactions giving rise to acquisition or disposal

Total number of transactions to which notice relates:

2

Details of transactions requiring disclosure-

Date of transaction:

31 August 2018

Nature of transaction:
(1) Off market acquisition of 2,667 ordinary

shares by Chorus LTI Trustee Limited as

trustee under Chorus' LTI

(2) On market acquisition of 9,802 ordinary

shares by Chorus LTI Trustee Limited as

trustee under Chorus' LTI

Name of any other party or parties to the transaction (if known):

Chorus LTI Trustee Limited

The consideration, expressed in New Zealand dollars, paid or received for the acquisition

or disposal. If the consideration was not in cash and cannot be readily by converted into a

cash value, describe the consideration:

$56,950.00

Number of financial products to which the transaction related:

(1) + (2) 12,469

If the issuer has a financial products trading policy that prohibits directors or senior

managers from trading during any period without written clearance (a closed period)

include the following details—

Whether relevant interests were acquired or disposed of during a closed period:

No

Whether prior written clearance was provided to allow the acquisition or disposal to

proceed during the closed period:

N/A

Date of the prior written clearance (if any):

N/A

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products:

Chorus Limited ordinary shares

Nature of relevant interest:

(1) Beneficial interest in other ordinary shares

pursuant to Chorus' LTI

(2) Registered holder and beneficial owner

For that relevant interest,-

Number held in class:

(1) 14,137

(2) 327

Current registered holder(s):

(1) Chorus LTI Trustee Limited

(2) Shaun Philp

For a derivative relevant interest,-

Type of derivative:

N/A

Details of derivative,-

The notional value of the derivative (if any) or the notional amount of underlying financial

products (if any):

N/A

A statement as to whether the derivative is cash settled or physically settled:

Maturity date of the derivative (if any):

Expiry date of the derivative (if any):

The price's specified terms (if any):

Any other details needed to understand how the amount of the consideration payable

under the derivative or the value of the derivative is affected by the value of the

underlying financial products:

For that derivative relevant interest,-

Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant

interest in the derivative:

Certification

I certify that, to the best of my knowledge and belief, the information contained in this

disclosure is correct and that I am duly authorised to make this disclosure by all persons

for whom it is made.

Signature of director or officer:

Date of signature:

20-Sep-18

or

Signature of person authorised to sign on behalf of director or officer:

Date of signature:

Name and title of authorised person:

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.