SPH Notice - The Vanguard Group, Inc.

100080615/3821102.1
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External Use Authorized

Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the end of the
form.
To NZX Limited
and
To Chorus Limited
Date this disclosure made: 24 September 2025
Date on which substantial holding began: 19 September 2025
Substantial product holder(s) giving disclosure
Full name(s): The Vanguard Group, Inc.
Summary of substantial holding
Class of quoted voting products: Ordinary shares
Summary for The Vanguard Group, Inc.
For this disclosure,—
(a) total number held in class: 23,752,155
(b) total in class: 433,887,294
(c) total percentage held in class: 5.474%
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure:
Trade date
Change Price Shares
2025-05-28

BUY 7.48 2,660
2025-05-30

BUY 7.55 4,761
2025-06-02

BUY 7.54 3,703
2025-06-03

BUY 7.7 4,716
2025-06-05

BUY 7.78 4,662
2025-06-10

BUY 7.91 4,152
2025-06-10

BUY 7.91 3,114
2025-06-11

BUY 7.96 3,090
2025-06-12

BUY 8.02 1,539
2025-06-13

BUY 8.01 2,555
2025-06-16

BUY 8.04 5,090
2025-06-19

BUY 7.92 5,050

100080615/3821102.1
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External Use Authorized
2025-06-19

BUY 7.92 3,030
2025-06-23

BUY 7.97 6,036
2025-06-26

BUY 7.87 5,010
2025-07-04

BUY 7.95 7,440
2025-07-04

BUY 7.95 4,464
2025-07-08

BUY 7.81 1,980
2025-07-08

BUY 7.81 7,425
2025-07-10

BUY 7.85 7,410
2025-07-11

BUY 7.79 5,000
2025-07-15

BUY 7.74 2,988
2025-07-28

BUY 7.87 6,630
2025-07-29

BUY 7.9 8,240
2025-08-01

BUY 8.01 3,006
2025-08-04

BUY 8.03 1,992
2025-08-08

BUY 8.43 2,430
2025-08-12

BUY 8.44 4,880
2025-08-12

BUY 8.44 976
2025-08-14

BUY 8.38 1,968
2025-08-15

BUY 8.43 2,450
2025-08-20

BUY 8.55 5,445
2025-08-21

BUY 8.64 4,960
2025-08-22

SELL 8.6 (2,500)
2025-08-26

BUY 8.77 2,570
2025-08-28

BUY 8.85 6,734
2025-09-03

SELL 8.72 (4,800)
2025-09-03

BUY 8.72 9,000
2025-09-04

BUY 8.86 9,060
2025-09-05

BUY 8.91 8,985
2025-09-05

SELL 8.91 (3,594)
2025-09-08

BUY 8.84 8,970
2025-09-08

BUY 8.84 8,970
2025-09-08

SELL 8.84 (2,990)
2025-09-10

SELL 8.82 (13,800)
2025-09-10

BUY 8.82 7,200
2025-09-12

BUY 8.86 3,600
2025-09-12

BUY 8.88 52,430
2025-09-15

BUY 8.52 15,175
2025-09-16

BUY 8.49 3,642
2025-09-18

BUY 8.42 6,110
2025-09-18

BUY 8.42 9,165
2025-09-19

BUY 8.3 3,015
2025-09-19

BUY 8.3 3,618
2025-09-19

BUY 8.3 603

100080615/3821102.1
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External Use Authorized
2025-09-19

SELL 8.3 (177,575)
2025-09-19

BUY 8.3 3,632
2025-09-19

BUY 8.3 41
2025-09-19

BUY 8.3 3,163
2025-09-19

BUY 8.3 287,399
2025-09-19

BUY 8.3 393,279
2025-09-19

BUY 8.3 1,154,707
2025-09-19

BUY 8.3 58,561
2025-09-19

BUY 8.3 645
2025-09-19

BUY 8.3 3,871,542
2025-09-19

BUY 8.3 42,592
2025-09-19

BUY 8.3 489,193
2025-09-19

BUY 8.3 5,383
2025-09-19

BUY 8.3 153
2025-09-19

BUY 8.3 13,848
2025-09-19

BUY 8.3 65,437
2025-09-19

BUY 8.3 5,948,161
2025-09-19

BUY 8.3 83,351
2025-09-19

BUY 8.3 918
2025-09-19

BUY 8.3 34,129
2025-09-19

BUY 8.3 3,102,264
2025-09-19

BUY 8.3 86,503
2025-09-19

BUY 8.3 953
2025-09-19

BUY 8.3 11,053
2025-09-19

BUY 8.3 123
2025-09-19

BUY 8.3 490,184
2025-09-19

BUY 8.3 5,393
2025-09-19

BUY 8.3 83,739
2025-09-19

BUY 8.3 922
2025-09-19

BUY 8.3 69,522
2025-09-19

BUY 8.3 766
2025-09-19

BUY 8.3 10,117
2025-09-19

BUY 8.3 112

Additional information
Address(es) of substantial product holder(s):
The Vanguard Group Inc. – P.O. Box 2600, V26 Valley Forge, PA 19482 USA

Contact details: Shawn Acker, 001-610-669-6713,
Fund_Compliance@Vanguard.com

100080615/3821102.1
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External Use Authorized
Certification
I, Shawn Acker, certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make this disclosure
by all persons for whom it is made.