Notice of on-market share buyback

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 91,529
Nominal value (if any) N/A
Issue/acquisition/redemption price per security NZD $8.098 (average) in
respect of 62,007 ordinary
shares acquired on NZX

AUD $7.5902 (average) in
respect of 29,522 ordinary
shares acquired on ASX
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Paid in full
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number of
Financial Products of the Class, excluding any Treasury Stock,
in existence)
0.0208%
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
N/A
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Acquisition under Board
approved buyback programme
announced on 20 February
2023
Total number of Financial Products of the Class after the
issue/acquisition/redemption/Conversion (excluding Treasury
Stock) and the total number of Financial Products of the Class
held as Treasury Stock after the issue/acquisition/redemption.
440,205,699 ordinary shares

None held as treasury stock
In the case of an acquisition of shares, whether those shares
are 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
Board resolutions dated 18
February 2022 and 17
February 2023

NZX Listing Rule 4.14.1(a)
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Shares acquired will be
cancelled
Date of acquisition 27/03/2023
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Andrew Carroll
Chief Financial Officer
Contact person for this announcement
Brett Jackson
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

28/03/2023

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