Chorus issues Capital Notes (CNU050)

Chorus Limited
Level 10, 1 Willis Street
P O Box 632
Wellington, New Zealand
Email: company.secretary@chorus.co.nz



STOCK EXCHANGE ANNOUNCEMENT

6 June 2025

Chorus issues Capital Notes (CNU050)

Chorus Limited has issued NZ$170 million of unsecured, subordinated,
redeemable, cumulative, interest-bearing capital notes (CNU050) as set out
in the attached notice.


Authorised by:

Drew Davies
Chief Operating Officer

ENDS

For further information:

Brett Jackson
Investor Relations Manager
Phone: +64 4 896 4039
Mobile: +64 (27) 488 7808
Email: brett.jackson@chorus.co.nz

Nathan Beaumont
Head of Corporate Relations
Phone: +64 (4) 896 4352
Email. Nathan.Beaumont@chorus.co.nz

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Capital Change Notice

Updated as at February 2025




Section 1: Issuer information
Name of issuer Chorus Limited
NZX ticker code CNU050
Class of financial product Unsecured, subordinated, redeemable,
cumulative, interest-bearing capital notes
ISIN (If unknown, check on NZX website) NZCNUDT007C7
Currency NZ$
Section 2: Capital change details
Number issued 170,000,000
Nominal value (if any) $1.00 per capital note
Issue price per security $1.00 per capital note
Nature of the payment (for example, cash or other
consideration)
Payment in cash
Amount paid up (if not in full) The capital notes are fully paid up
Percentage of total class of Financial Products
issued (calculated on the number of Financial
Products of the Class, excluding any Treasury
Stock, in existence)
100%
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 and specific authority for issue
(the reason for change must be identified here)
Allotment under Replacement Product
Disclosure Statement dated 23 May 2025,
the proceeds of which will be used to
finance the repayment and redemption of
Crown Funding Securities due 30 June
2025.
Issue pursuant to Board Resolutions
dated 11 April 2025 and 5 May 2025.
Total number of Financial Products of the Class
after the issue (excluding Treasury Stock) and the
total number of Financial Products of the Class
held as Treasury Stock after the issue
170,000,000
In the case of an acquisition of shares, whether
those shares are to be held as treasury stock
N/A
Specific authority for the issue, acquisition, or
redemption, including a reference to the rule
pursuant to which the issue, acquisition, or
redemption is made
Resolution of directors dated 11 April
2025 and 5 May 2025

Rule 3.13.1

Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
As set out in the Master Trust Deed dated
9 May 2025, as supplemented by the
Supplemental Deed dated 9 May 2025
and the Amendment to the Supplemental
Deed dated 23 May 2025, and the
Replacement Product Disclosure
Statement dated 23 May 2025
Date of issue 6/06/2025
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Drew Davies
Chief Operating 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

6 June 2025