Remaining UFB securities transferred to new owners

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

Email: company.secretary@chorus.co.nz



STOCK EXCHANGE ANNOUNCEMENT

26 August 2026

Remaining tranches of UFB securities transferred to new owners

Further to our 7 August 2026 announcement regarding the sale of 213,192,440 of
Chorus’ UFB Equity securities held by National Infrastructure Funding and Financing
Limited (NIFF) to Accident Compensation Corporation, Chorus confirms all remaining
UFB Equity and Debt securities have been transferred by NIFF to the new owners as
follows:


Purchaser UFB1 Equity
Securities
UFB2 Equity
Securities
UFB1 Debt
Securities
UFB2 Debt
Securities
Combined face
value of
securities
Athene Annuity
and Life Company
153,994,020 125,261,355 237,099,950 65,993,353 $582,348,678
Fidelity & Guaranty
Life Insurance
Company
87,424,730 24,333,415 $111,758,145
Commonwealth
Annuity and Life
Insurance
Company
52,186,373 14,525,325 $66,711,698
Forethought Life
Insurance
Company
105,153,098 85,533,317 $190,686,415

NIFF continues to hold 10,543,386 warrants (at 30 June 2026, those warrants had a fair
value and carrying value that approximated zero). For more information on the UFB
securities (including warrants) refer to Note 6 of our FY26 financial statements on page
60 of Chorus’ FY26 Annual Report.

Authorised by:

Drew Davies
Chief Operating Officer

ENDS

For further information:

Shannon Goldstone
Head of Corporate Relations
Phone: 0800 763 000
Email: Shannon.Goldstone@chorus.co.nz

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