SPH Notice – The Vanguard Group, Inc.

100080615/3821102.1
1
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the end of the
form.
To NZX Limited
and
To Chorus Limited
Date this disclosure made: 18 December 2018
Date on which substantial holding began: 12 December 2018
Substantial product holder(s) giving disclosure
Full name(s): The Vanguard Group, Inc.
Summary of substantial holding
Class of quoted voting products: Ordinary shares
Summary for The Vanguard Group, Inc.
For this disclosure,—
(a) total number held in class: 23,418,083
(b) total in class: 436,075,010
(c) total percentage held in class: 5.370%

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Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure:
Date Change Price Share Quantity
15-Aug-18 Sell 4.34 (8,112)
15-Aug-18 Buy 3.94 942
16-Aug-18 Buy 4.37 10,005
21-Aug-18 Buy 3.99 1,570
24-Aug-18 Sell 4.41 (9,570)
24-Aug-18 Buy 4.41 9,570
24-Aug-18 Buy 4.41 6,670
4-Sep-18 Buy 4.33 1,298
7-Sep-18 Sell 4.86 (3,335)
10-Sep-18 Buy 4.47 1,550
11-Sep-18 Buy 4.88 66,875
13-Sep-18 Buy 4.87 31,614
14-Sep-18 Buy 4.84 12,171
14-Sep-18 Buy 4.84 22,843
17-Sep-18 Buy 4.86 36,907
17-Sep-18 Buy 4.86 19,663
17-Sep-18 Buy 4.49 1,716
18-Sep-18 Buy 4.93 8,166
18-Sep-18 Buy 4.93 15,327
18-Sep-18 Buy 4.95 995
21-Sep-18 Sell 5.00 (314)
21-Sep-18 Buy 4.99 8,400
21-Sep-18 Buy 4.99 28,133
21-Sep-18 Buy 4.99 245,456
21-Sep-18 Sell 5.00 (56,127)
24-Sep-18 Buy 4.83 149
24-Sep-18 Buy 4.83 499
24-Sep-18 Buy 4.83 4,353
25-Sep-18 Buy 4.76 445
25-Sep-18 Buy 4.76 1,489
25-Sep-18 Buy 4.76 12,987
25-Sep-18 Buy 4.76 84,468
26-Sep-18 Buy 4.76 2,074
26-Sep-18 Buy 4.80 1,801
26-Sep-18 Buy 4.80 15,713
26-Sep-18 Buy 4.84 12,230
26-Sep-18 Buy 4.84 4,892
26-Sep-18 Buy 4.84 9,784
26-Sep-18 Buy 4.43 1,020
27-Sep-18 Buy 4.83 1,427

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27-Sep-18 Buy 4.83 12,450
27-Sep-18 Buy 4.44 27,884
27-Sep-18 Buy 4.44 24,230
27-Sep-18 Buy 4.45 13,090
28-Sep-18 Buy 4.87 2,263
28-Sep-18 Buy 4.87 19,747
1-Oct-18 Buy 4.84 7,338
1-Oct-18 Buy 4.44 1,674
2-Oct-18 Buy 4.82 1,457
2-Oct-18 Buy 4.82 12,714
2-Oct-18 Buy 4.86 19,568
3-Oct-18 Buy 4.85 7,338
8-Oct-18 Buy 4.44 1,674
11-Oct-18 Buy 4.70 3,990
11-Oct-18 Buy 4.33 2,652
15-Oct-18 Buy 4.73 6,650
17-Oct-18 Buy 4.47 3,757
17-Oct-18 Buy 4.47 23,855
19-Oct-18 Buy 4.82 3,990
19-Oct-18 Buy 4.82 7,338
24-Oct-18 Buy 4.33 2,244
25-Oct-18 Buy 4.75 6,115
25-Oct-18 Buy 4.30 2,618
29-Oct-18 Buy 4.34 24,401
31-Oct-18 Buy 4.76 8,561
31-Oct-18 Buy 4.39 588
31-Oct-18 Buy 4.39 3,136
1-Nov-18 Buy 4.73 12,230
1-Nov-18 Buy 4.39 392
2-Nov-18 Buy 4.48 2,548
6-Nov-18 Buy 4.54 28,176
7-Nov-18 Buy 4.95 9,784
12-Nov-18 Buy 5.00 7,338
12-Nov-18 Buy 5.00 5,180
12-Nov-18 Buy 4.71 2,964
14-Nov-18 Buy 4.91 9,784
14-Nov-18 Buy 4.91 7,338
15-Nov-18 Buy 4.97 7,770
21-Nov-18 Buy 5.02 9,784
22-Nov-18 Buy 4.65 3,192
23-Nov-18 Buy 4.65 18,560
28-Nov-18 Buy 4.87 3,990
28-Nov-18 Buy 4.87 665
28-Nov-18 Buy 4.87 6,115

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29-Nov-18 Buy 4.47 2,145
30-Nov-18 Buy 4.80 7,770
3-Dec-18 Buy 4.49 2,535
4-Dec-18 Buy 4.72 9,784
4-Dec-18 Buy 4.72 7,770
6-Dec-18 Buy 4.76 10,360
7-Dec-18 Buy 4.75 8,561
7-Dec-18 Buy 4.75 9,784
7-Dec-18 Buy 4.75 10,360
11-Dec-18 Buy 4.70 9,784
11-Dec-18 Buy 4.70 10,360
11-Dec-18 Buy 4.52 4,460
11-Dec-18 Buy 4.52 2,676
12-Dec-18 Buy 4.72 7,338
12-Dec-18 Buy 4.72 20,791
12-Dec-18 Buy 4.72 7,338
12-Dec-18 Buy 4.52 142,580
12-Dec-18 Buy 4.72 8,146,408

Additional information
Address(es) of substantial product holder(s):
The Vanguard Group Inc. – P.O. Box 2600, V26 Valley Forge, PA 19482 USA
Contact details: Shawn Acker, 001-610-669-8989,
Vanguard_Fund_Compliance@Vanguard.com
Certification
I, Shawn Acker, 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.