Chorus Limited/Announcement
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ASX Appendix 3A.1

Dividend1 October 2018CNUCommunication Services

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Update Summary

Entity name

CHORUS LIMITED

Security on which the Distribution will be paid

CNU - ORDINARY FULLY PAID FOREIGN EXEMPT NZX

Announcement Type

Update to previous announcement

Date of this announcement

Tuesday October 2, 2018

Reason for the Update

Confirmation of the price at which shares will be allotted under the Chorus Dividend Reinvestment Plan for the

FY18 final dividend. The price has been set at NZD 4.67560. The shares will be issued on 9 October 2018.

Confirmation of the foreign exchange rate used for the FY18 final dividend payable to Australian investors which

has been set at NZD AUD 0.9180. The dividend will be paid on 9 October 2018.

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

CHORUS LIMITED

1.2 Registered Number Type

ARBN

Registration Number

152485848

1.3 ASX issuer code

CNU

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Confirmation of the price at which shares will be allotted under the Chorus Dividend Reinvestment Plan for the

FY18 final dividend. The price has been set at NZD 4.67560. The shares will be issued on 9 October 2018.

Confirmation of the foreign exchange rate used for the FY18 final dividend payable to Australian investors which

has been set at NZD AUD 0.9180. The dividend will be paid on 9 October 2018.

1.4b Date of previous announcement(s) to this update

Monday August 27, 2018

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1.5 Date of this announcement

Tuesday October 2, 2018

1.6 ASX +Security Code

CNU

ASX +Security Description

ORDINARY FULLY PAID FOREIGN EXEMPT NZX

Part 2A - All dividends/distributions basic details

2A.1 Type of dividend/distribution

Ordinary

2A.2 The Dividend/distribution:

relates to a period of six months

2A.3 The dividend/distribution relates to the financial reporting or payment period ending

ended/ending (date)

Saturday June 30, 2018

2A.4 +Record Date

Tuesday September 25, 2018

2A.5 Ex Date

Monday September 24, 2018

2A.6 Payment Date

Tuesday October 9, 2018

2A.7 Are any of the below approvals required for the dividend/distribution before business day 0

of the timetable?

Security holder approval

Court approval

Lodgement of court order with +ASIC

ACCC approval

FIRB approval

Another approval/condition external to the entity required before business day 0 of the

timetable for the dividend/distribution.

No

2A.8 Currency in which the dividend/distribution is made ("primary currency")

NZD - New Zealand Dollar

2A.9 Total dividend/distribution payment amount

per +security (in primary currency) for all

dividends/distributions notified in this form

NZD 0.15294118

2A.9a AUD equivalent to total

dividend/distribution amount per +security

0.14040000

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2A.9b If AUD equivalent not known, date for

information to be released

Tuesday October 2, 2018

Estimated or Actual?

Actual

2A.9c FX rate (in format AUD 1.00 / primary

currency rate): AUD

AUD 1.00

FX rate (in format AUD rate/primary currency

rate) Primary Currency rate

NZD 1.08932461

2A.10 Does the entity have arrangements

relating to the currency in which the

dividend/distribution is paid to securityholders

that it wishes to disclose to the market?

Yes

2A.11 Does the entity have a securities plan for

dividends/distributions on this +security?

We have a Dividend/Distribution Reinvestment

Plan (DRP)

2A.11a If the +entity has a DRP, is the DRP

applicable to this dividend/distribution?

Yes

2A.11a(i) DRP Status in respect of this

dividend/distribution

Full DRP

2A.12 Does the +entity have tax component

information apart from franking?

No

2A.13 Withholding tax rate applicable to the dividend/distribution

15.000000

Part 2B - Currency Information

2B.1 Does the entity default to payment in certain currencies dependent upon certain attributes

such as the banking instruction or registered address of the +securityholder? (For example NZD

to residents of New Zealand and/or USD to residents of the U.S.A.).

Yes

2B.2 Please provide a description of your currency arrangements

Payment to Australian residents calculated as the AUD equivalent of the NZD

Payment to other shareholders in NZD

2B.2a Other currency/currencies in which the dividend/distribution will be paid:

AUD - Australian DollarAUD 0.14040000

2B.2b Please provide the exchange rates used for non-primary currency payments

NZD/AUD 0.9180

2B.2c If payment currency equivalent and

exchange rates not known, date for information

to be released

Tuesday October 2, 2018

Estimated or Actual?

Actual

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2B.3 Can the securityholder choose to receive a currency different to the currency they would

receive under the default arrangements?

No

Part 3A - Ordinary dividend/distribution

3A.1 Is the ordinary dividend/distribution

estimated at this time?

No

3A.1a Ordinary dividend/distribution estimated

amount per +security

NZD

3A.1b Ordinary Dividend/distribution amount per

security

NZD 0.13000000

3A.2 Is the ordinary dividend/distribution

franked?

No

3A.3 Percentage of ordinary

dividend/distribution that is franked

0.0000 %

3A.4 Ordinary dividend/distribution franked

amount per +security

NZD 0.00000000

3A.5 Percentage amount of dividend which is

unfranked

100.0000 %

3A.6 Ordinary dividend/distribution unfranked

amount per +security excluding conduit foreign

income amount

NZD 0.13000000

Part 3F - NZD declared dividends/distributions - supplementary dividend/distribution

3F.1 Is a supplementary dividend/distribution payable?

Yes

3F.2 Is the supplementary dividend/distribution

estimated at this time?

No

3F.2a Supplementary dividend/distribution

estimated amount per +security

NZD

3F.2b Supplementary dividend/distribution amount per +security

NZD 0.02294118

3F.3 Is the Supplementary dividend/distribution

franked?

No

3F.4 Percentage of Supplementary

dividend/distribution that is franked

0.0000 %

3F.4a Applicable corporate tax rate for franking

credit (%)

%

3F.5 Supplementary dividend/distribution

franked amount per +security

NZD 0.00000000

3F.6 Percentage of Supplementary

dividend/distribution that is unfranked

100.0000 %

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3F.7 Supplementary dividend/distribution unfranked amount per security

NZD 0.02294118

Part 4A - +Dividend reinvestment plan (DRP)

4A.1 What is the default option if +security holders do not indicate whether they want to

participate in the DRP?

Do not participate in DRP (i.e. cash payment)

4A.2 Last date and time for lodgement of

election notices to share registry under DRP

Wednesday September 26, 2018 15:00:00

4A.3 DRP discount rate

3.0000 %

4A.4 Period of calculation of reinvestment price

Start Date

Monday September 24, 2018

End Date

Friday September 28, 2018

4A.5 DRP price calculation methodology

The volume weighted average sale price of Chorus shares calculated on all price setting trades of Chorus shares

through the NZX over a period of five trading days commencing on the ex date, less the discount noted above and

subject to adjustment in accordance with the DRP Offer Document.

4A.6 DRP Price (including any discount):

NZD 4.67560

4A.7 DRP +securities +issue date

Tuesday October 9, 2018

4A.8 Will DRP +securities be a new issue?

Yes

4A.8a Do DRP +securities rank pari passu from

+issue date?

Yes

4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?

No

4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?

No

4A.11 Are there any other conditions applying to DRP participation?

4A.12 Link to a copy of the DRP plan rules

https://company.chorus.co.nz/financials

4A.13 Further information about the DRP

Part 5 - Further information

5.1 Please provide any further information applicable to this dividend/distribution

The total dividend/distribution amount per security referred to in 2A.9 relates to an ordinary dividend of NZD

0.1300000 plus a supplementary dividend of NZD0.02294118 payable to non-New Zealand resident shareholders.

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5.2 Additional information for inclusion in the Announcement Summary

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.

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