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 218,530
Nominal value (if any) N/A
Issue/acquisition/redemption price per security NZD $7.5657 (average) in
respect of 114,086 ordinary
shares acquired on NZX

AUD $6.9553 (average) in
respect of 104,444 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)
0.0503%
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.
434,461,908 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 15/09/2023
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement
Katrina Smidt
Deputy 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

b
rett.jackson
@chorus.co.nz

Date of release through MAP

18/09/2023

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