Chorus Capital Notes offer delayed

19/05/2025 08:30 NZST, OFFER

Capital Notes offer timing

On 9 May 2025, Chorus lodged a product disclosure statement (PDS) in relation to an offer of Capital Notes, with the offer expected to open today, 19 May 2025.

Chorus is awaiting confirmation from S&P Global Ratings (S&P) of its equity content treatment of the Capital Notes given the level of Chorus’ hybrid capital.

The offer will be delayed from the timetable set out in the PDS until this confirmation is received.

Chorus will then provide a revised offer timetable.

Authorised by:

Drew Davies

Chief Operating Officer

ENDS

For further information:

Nathan Beaumont

Head of Corporate Relations

Mobile: +64 (4) 896 4352

Email. Nathan.Beaumont@chorus.co.nz

Brett Jackson

Investor Relations Manager

Phone: +64 4 896 4039

Mobile: +64 (27) 488 7808

Email: Brett.Jackson@chorus.co.nz