SPH Notice – L1 Capital Pty Limited

To Company Name/ SchemeChorus Limited
ACN/ ARSN152 485 848
1. Details of substantial holder (1)
NameL1 Capital Pty Ltd and each of the entities set out in Section 3
ACN/ ARSN (if applicable)L1 Capital Pty Ltd (125 378 145) and L1 Capital Strategic Equity Management Pty Ltd (648 751 928)
There was a change in the interests of the substantial holder on
The previous notice was given to the company on
The previous notice was dated
2. Previous and present voting power
*Based on issued capital of 433,887,294 shares
3. Changes in relevant interests
Date of
change
Person's votes
affected
See
Annexure A
4. Present relevant interests
Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:
See
Annexure B
Nature of relevant interest
Class and number of
securities
Holder of
relevant
interest
Form 604
Corporations Act 2001
Section 671B
Notice of change of interests of substantial holder
Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme,
since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:
Voting power (5)
FPO
Class of securities (4)
22/08/2024
2/05/2024
2/05/2024
The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a
relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:
Present noticePrevious notice
11.54%
Person's votesVoting power (5)Person's votes
45,287,235 10.44%50,076,801
Nature of change (6)
Consideration given in
relation to change (7)
Person whose relevant interest
changed
Person's votes
Class and number of
securities affected
Registered Holder of securities
Person entitled to be
registered as holder (8)

5. Changes in association
6. Addresses
The addresses of persons named in this form are as follows:
Signature
Print nameCapacity
Sign hereDate
DIRECTIONS
(1)
(2)See the definition of "associate" in section 9 of the Corporations Act 2001.
(3)See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
(4)The voting shares of a company constitute one class unless divided into separate classes.
(5)The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
(6)Include details of:
(a)
(b)
See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(7)
(8)If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
(9)Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.
Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in
relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the
substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an
equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to
throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the
form.
any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the
relevant interest relates (indicating clearly the particular securities to which the qualification applies).
The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in
relation to voting interests in the company or scheme are as follows:
Nature of association
Name
L1 Capital Pty Ltd
Address
Name and ACN/ ARSN (if applicable)
N/A
Level 45, 101 Collins Street, Melbourne, VIC, 3000
any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting
out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this
form, together with a written statement certifying this contract, scheme or arrangement; and
26/08/2024
Jane StewartHead of Legal & Compliance
L1 Capital Strategic Equity Management Pty LtdLevel 45, 101 Collins Street, Melbourne, VIC, 3001

Annexure A
L1 Capital Pty (ACN 126 378 145) and L1 Capital Strategic Equity Management Pty Ltd (ACN 648 751 928) change in substantial holding in Chorus Limited.
This is Annexure "A" of 1 page referred to in the Form 604 (Notice of change of interests of substantial holder)
Print NameJane StewartCapacityHead of Legal & Compliance
Sign HereDate
26/08/2024
Changes in relevant interests
3/05/2024
On-Market Purchase 921,472.42$
140,073
FPO
140,073
3/05/2024
On-Market Purchase 67,778.45$
10,303
FPO
10,303
6/05/2024
On-Market Purchase 1,193,426.64$
181,655
FPO
181,655
6/05/2024
On-Market Purchase 88,527.29$
13,475
FPO
13,475
7/05/2024
On-Market Purchase 76,531.39$
11,711
FPO
11,711
7/05/2024
On-Market Purchase 5,672.38$
868
FPO
868
8/05/2024L1 Capital Strategic Equity Management Pty Ltd
On-Market Purchase 1,625.26$
247
FPO
247
9/05/2024
On-Market Purchase 211,220.73$
32,487
FPO
32,487
9/05/2024
On-Market Purchase 15,584.57$
2,397
FPO
2,397
13/05/2024
On-Market Purchase 2,562.30$
390
FPO
390
15/05/2024
On-Market Purchase 223,119.18$
33,951
FPO
33,951
15/05/2024
On-Market Purchase 16,271.78$
2,476
FPO
2,476
16/05/2024
On-Market Purchase
821,613.68$ 123,737
FPO
123,737
16/05/2024
On-Market Purchase
295,041.76$ 44,434
FPO
44,434
17/05/2024
On-Market Purchase 829,134.35$
125,772
FPO
125,772
17/05/2024
On-Market Purchase 59,805.89$
9,072
FPO
9,072
20/05/2024
On-Market Purchase 3,149,930.84$
474,763
FPO
474,763
20/05/2024
On-Market Purchase 1,435,413.54$
216,348
FPO
216,348
21/05/2024
On-Market Purchase 799,090.07$
119,767
FPO
119,767
22/05/2024
On-Market Purchase 1,479,439.58$
221,619
FPO
221,619
22/05/2024
On-Market Purchase 3,265.08$
483
FPO
483
24/05/2024
On-Market Purchase 960,293.15$
142,388
FPO
142,388
27/05/2024
On-Market Purchase 2,471.56$
364
FPO
364
28/05/2024
On-Market Purchase 73,024.06$
10,748
FPO
10,748
29/05/2024
On-Market Purchase 334,100.47$
49,795
FPO
49,795
30/05/2024
On-Market Purchase 48,726.08$
7,208
FPO
7,208
31/05/2024
On-Market Purchase 1,409,997.88$
207,868
FPO
207,868
31/05/2024
On-Market Purchase 262.58$
38
FPO
38
L1 Capital Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
Class and number of securities
affected
L1 Capital Pty Ltd
L1 Capital Pty Ltd
Person's votes affected
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
Consideration given in
relation to change (7)
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
Nature of change (6)
L1 Capital Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
Date of changePerson whose relevant interest changed
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd

3/06/2024
On-Market Purchase
15,819.12$
2,286
FPO
2,286
4/06/2024
On-Market Purchase
1,842.65$
269
FPO
269
5/06/2024
On-Market Purchase 635,370.88$
91,552
FPO
91,552
5/06/2024
On-Market Purchase 1,728.06$
249
FPO
249
6/06/2024
On-Market Purchase 2,344.68$
334
FPO
334
11/06/2024
On-Market Purchase 520,808.79$
74,831
FPO
74,831
12/06/2024
On-Market Purchase 484,351.39$
69,455
FPO
69,455
12/06/2024
On-Market Purchase 4,221.00$
603
FPO
603
14/06/2024
On-Market Purchase 751,962.50$
107,500
FPO
107,500
17/06/2024
On-Market Purchase 4,090,500.00$
590,000
FPO
590,000
19/06/2024
On-Market Purchase 2,288.20$
340
FPO
340
21/06/2024
On-Market Purchase 1,475,864.31$
212,794
FPO
212,794
21/06/2024
On-Market Purchase 3,863.16$
557
FPO
557
25/06/2024
On-Market Purchase 7,001.66$
982
FPO
982
27/06/2024
On-Market Purchase 1,233.66$
174
FPO
174
28/06/2024
On-Market Purchase 690,380.66$
96,261
FPO
96,261
28/06/2024
On-Market Purchase 104,679.20$
14,620
FPO
14,620
8/07/2024
On-Market Purchase 10,707.84$
1,521
FPO
1,521
10/07/2024
On-Market Purchase 2,911.65$
413
FPO
413
11/07/2024
On-Market Purchase 837,288.03$
118,363
FPO
118,363
11/07/2024
On-Market Sale 837,288.03$
118,363
FPO
118,363
16/07/2024
On-Market Purchase 8,572.92$
1,194
FPO
1,194
18/07/2024
On-Market Purchase 547,152.99$
76,350
FPO
76,350
23/07/2024
On-Market Purchase 14,838.08$
2,084
FPO
2,084
26/07/2024
On-Market Purchase 92,461.62$
13,323
FPO
13,323
29/07/2024
On-Market Sale 30,684.08$
4,396
FPO
4,396
31/07/2024
On-Market Purchase 57,477.60$
7,983
FPO
7,983
1/08/2024
On-Market Sale 81,966.51$
11,337
FPO
11,337
2/08/2024
On-Market Purchase 11,467.17$
1,573
FPO
1,573
6/08/2024
On-Market Purchase 54,226.98$
7,542
FPO
7,542
8/08/2024
On-Market Purchase 105,804.94$
14,474
FPO
14,474
9/08/2024
On-Market Purchase 12,019.07$
1,667
FPO
1,667
12/08/2024
On-Market Purchase 107,387.28$
14,751
FPO
14,751
15/08/2024
On-Market Sale 60,272.52$
8,169
FPO
8,169
15/08/2024
On-Market Purchase 60,272.52$
8,169
FPO
8,169
16/08/2024
On-Market Sale 140,007.21$
18,802
FPO
18,802
16/08/2024
On-Market Purchase 140,007.21$
18,802
FPO
18,802
19/08/2024
On-Market Sale 222,323.49$
30,108
FPO
30,108
19/08/2024
On-Market Purchase 222,323.49$
30,108
FPO
30,108
21/08/2024
On-Market Sale 177,639.28$
24,655
FPO
24,655
22/08/2024
On-Market Purchase 9,106,384.05$
1,239,835
FPO
1,239,835
L1 Capital Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd

Annexure B
L1 Capital Pty (ACN 126 378 145) and L1 Capital Strategic Equity Management Pty Ltd (ACN 648 751 928) change in substantial holding in Chorus Limited.
This is Annexure "B" of 1 page referred to in the Form 604 (Notice of change of interests of substantial holder)
Print NameJane StewartCapacityHead of Legal & Compliance
Sign HereDate
26/08/2024
Details of present relevant interests
Holder of relevant interestRegistered holder of securities
Persons entitled to be a registered holder
Nature of relevant
interest
Merrill Lynch (Australia) Nominees Pty LimitedMerrill Lynch (Australia) Nominees Pty Limited
Power to (or to control)
exercise vote and/or dispose of
the securities as discretionary
investment managers or
advisers of superannuation
funds, pooled superannuation
trusts, managed investment
schemes and investment
management agreements.
9,352,345
FPO
Morgan Stanley & Co. International PLCMorgan Stanley & Co. International PLC
as above
9,615,884
FPO
Goldman Sachs InternationalGoldman Sachs International
as above
9,610,237
FPO
State Street Australia Limited (SSAL)State Street Australia Limited (SSAL)
as above
1,266,540 FPO
Citicorp Nominees Pty LtdCiticorp Nominees Pty Ltd
as above
11,084,818
FPO
National Nominees LimitedNational Nominees Limited
as above
1,349,062
FPO
JPMorgan Chase Bank, N.A.JPMorgan Chase Bank, N.A.
as above
7,797,915
FPO
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd
Class and number of securities
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Strategic Equity Management Pty Ltd