S&P confirms Chorus’ BBB/positive rating

15/10/2026 08:30 NZDT, CREDIT

STOCK EXCHANGE ANNOUNCEMENT

15 October 2026

S&P confirms Chorus’ BBB/positive rating

S&P Global Ratings (S&P) has released the attached update on Chorus.

Following the August 2026 sale of Chorus’ UFB equity and debt funding securities held by National Infrastructure Funding and Financing Limited (NIFF) to a select group of domestic and international institutional investors, S&P has revised its treatment of the NZ$683 million of NIFF equity securities from 100% equity to 100% debt.

Chorus’ long-term rating remains at BBB/positive.

Authorised by:

Kristel McMeekin

General Counsel

ENDS

For further information:

Shannon Goldstone

Head of Corporate Affairs & Sustainability

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