Government considering selling Chorus UFB securities

Chorus Limited
Level 10, 1 Willis Street
P O Box 632
Wellington
New Zealand

Email: company.secretary@chorus.co.nz



STOCK EXCHANGE ANNOUNCEMENT

10 October 2025

Government announces that it is considering selling Chorus UFB funding securities

The Minister of Finance and Minister of Infrastructure have today announced that they have asked
National Infrastructure Funding and Financing (NIFFCo) to investigate the feasibility of selling the
securities the Crown holds in Chorus Limited.

These securities were the Crown’s funding mechanism for the various UFB build programmes
successfully completed by Chorus.

Chorus will monitor the NIFFCo process. If that process results in any disposal of the securities to a
third party we do not anticipate any material change to the terms and conditions on which those
securities were issued.

The announcement can be found here.

Authorised by:

Drew Davies
Chief Operating Officer

ENDS

For further information:

Shannon Goldstone
Head of Corporate Relations
Mobile: +64 (21) 712 679
Email: Shannon.Goldstone@chorus.co.nz

Aleida White
Head of Investor Relations
Mobile: +64 (21) 155 8837
Email: Aleida.White@chorus.co.nz