DRP price and AUD dividend rate

Chorus Limited
Level 10, 1 Willis Street
P O Box 632
Wellington
New Zealand
Ema
il: company.secretary@chorus.co.nz
STOCK EXCHANGE ANNOUNCEMENT
23 March 2021
DRP price and AUD dividend rate
The price at which shares will be allotted under Chorus’ Dividend Reinvestment Plan
(DRP) for the 2021 interim dividend is NZ$7.6395. The shares will be issued on 13 April
2021.
The price was set based on the volume weighted average sale price of price setting trades
of Chorus shares on the NZX Main Board taking place over a period of five trading days
commencing on 15 March 2021.
The foreign exchange rate used for Chorus’ FY21 interim dividend payable to Australian
investors has been set at (NZD/AUD) 0.9264. The interim dividend of NZ$0.105 cents
per share will be paid on 13 April 2021. A supplementary dividend of NZ$0.01852941
cents per share will also be paid on 13 April to shareholders who are not resident in New
Zealand.
A copy of Chorus’ updated ASX Appendix 3A.1 is attached.
Authorised by:
David Collins
Chief Financial Officer
ENDS
For further information:
Steve Pettigrew
Head of External Communications
Mobile +64 (27) 258 6257
Email: Steve.Pettigrew@chorus.co.nz
Brett Jackson
Investor Relations Manager
Phone: +64 4 896 4039
Mobile: +64 (27) 488 7808
Email: Brett.Jackson@chorus.co.nz

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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 March 23, 2021
Reason for the Update
Confirmation of the price at which shares will be allotted under the Chorus Dividend Reinvestment Plan for the FY21
interim dividend. The price has been set at NZD 7.6395. The shares will be issued on 13 April 2021. Confirmation of the
foreign exchange rate used for the FY21 interim dividend payable to Australian investors has been set at NZD AUD
0.9264. The dividend will be paid on 13 April 2021.
Refer to below for full details of the announcement

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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
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 FY21
interim dividend. The price has been set at NZD 7.6395. The shares will be issued on 13 April 2021. Confirmation of the
foreign exchange rate used for the FY21 interim dividend payable to Australian investors has been set at NZD AUD
0.9264. The dividend will be paid on 13 April 2021.
1.4b Date of previous announcement(s) to this update
Monday February 22, 2021
1.5 Date of this announcement
Tuesday March 23, 2021
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
2A.2 The Dividend/distribution:
relates to a period of six months
Ordinary
Update/amendment to previous announcement

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2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)
Thursday December 31, 2020
2A.4 +Record Date
Tuesday March 16, 2021
2A.5 Ex Date
Monday March 15, 2021
2A.6 Payment Date
Tuesday April 13, 2021
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.
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 0.12352941
2A.9a AUD equivalent to total dividend/distribution
amount per +security
AUD 0.11443765
2A.9b If AUD equivalent not known, date for information
to be released
Tuesday March 23, 2021
Estimated or 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 1.07940000
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?
2A.11 Does the entity have a securities plan for
dividends/distributions on this +security?
2A.11a If the +entity has a DRP, is the DRP applicable to
this dividend/distribution?
2A.11a(i) DRP Status in respect of this
dividend/distribution
Full DRP
Yes
We have a Dividend/Distribution Reinvestment Plan (DRP)
Yes
Estimated
No

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2A.12 Does the +entity have tax component information
apart from franking?
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.).
2B.2 Please provide a description of your currency arrangements
Payment to Australian residents calculated as the AUD equivalent of the NZD.
Payments to other shareholders in NZD.
2B.2a Other currency/currencies in which the dividend/distribution will be paid:
CurrencyPayment currency equivalent amount per security
AUD - Australian DollarAUD 0.11443765
2B.2b Please provide the exchange rates used for non-primary currency payments
NZD/AUD 0.9264
2B.2c If payment currency equivalent and exchange
rates not known, date for information to be released
Tuesday March 23, 2021
Estimated or Actual?
2B.3 Can the securityholder choose to receive a currency different to the currency they would receive under the
default arrangements?
Part 3A - Ordinary dividend/distribution
3A.1 Is the ordinary dividend/distribution estimated at
this time?
3A.1a Ordinary dividend/distribution estimated amount
per +security
NZD
3A.1b Ordinary Dividend/distribution amount per
security
NZD 0.10500000
3A.2 Is the ordinary dividend/distribution franked?
No
No
No
Actual
Yes
NoNo

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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 0.10500000
Part 3F - NZD declared dividends/distributions - supplementary dividend/distribution
3F.1 Is a supplementary dividend/distribution payable?
3F.2 Is the supplementary dividend/distribution
estimated at this time?
3F.2a Supplementary dividend/distribution estimated
amount per +security
NZD
3F.2b Supplementary dividend/distribution amount per +security
NZD 0.01852941
3F.3 Is the Supplementary dividend/distribution franked?
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 %
3F.7 Supplementary dividend/distribution unfranked amount per security
NZD 0.01852941
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?
4A.2 Last date and time for lodgement of election
notices to share registry under DRP
Wednesday March 17, 2021 15:00:00
4A.3 DRP discount rate
2.0000 %
4A.4 Period of calculation of reinvestment price
Do not participate in DRP (i.e. cash payment)
No
No
Yes

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Start Date
Monday March 15, 2021
End Date
Friday March 19, 2021
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 business days commencing on the ex date, less the discount noted above and subject to the
adjustment in accordance with the DRP Offer Document.
4A.6 DRP Price (including any discount):
NZD
4A.7 DRP +securities +issue date
Tuesday April 13, 2021
4A.8 Will DRP +securities be a new issue?4A.8a Do DRP +securities rank pari passu from +issue
date?
4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?
4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?
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 ordinary dividend of NZD 0.10500000 plus
a supplementary dividend of NZD 0.01852941 payable to non-New Zealand resident shareholders.
5.2 Additional information for inclusion in the Announcement Summary
No
No
No
Yes
Yes