Chorus : Q4 FY21 Connections Update cover

Chorus Limited

Level 10, 1 Willis Street

P O Box 632

Wellington

New Zealand

Email: [e-mail]

STOCK EXCHANGE ANNOUNCEMENT

12 July 2021

Q4 FY21 overview

Total fixed line connections declined by 16k to 1,340,000*

Copper broadband and voice connections declined by 44k (Q3 FY21: -42k)

• fixed wireless providers continued targeted sales campaigns to their fixed line customers
• voice only disconnections increased to 14k (Q3: -11k)

Total broadband connections declined by 1k to 1,180,000* (Q3 FY21: -2k)

• COVID-19impact on net migration continues to constrain broadband growth below historic rate
• increase of 5k connections in Chorus UFB zone driven by Chorus incentive and migration campaigns
• market reports indicate smaller retailers continue to grow broadband market share
• Vodafone and Skinny introduced $55 and $50 4G unlimited fixed wireless plans; 5G plans in some areas

Fibre broadband connections increased by 29k (Q3 FY21: +29k)

• fibre uptake across the completed UFB footprint grew from 64% to 65%
• strongest quarterly fibre growth was in the Queenstown and Wellington-Kapiti regions
• 1Gbps connections increased 14k and are now 19% of GPON connections
• average monthly data usage on fibre increased to 500GB, up from 491GB in March (including upstream traffic)
• streaming traffic continues to grow with highest June throughput of 2.97Tbps on Queen's
  Birthday

*totals exclude 10,000 broadband connections Chorus is partly subsidising for student households

Authorised by:

JB Rousselot

Chief Executive Officer

ENDS

For further information:

Steve Pettigrew

Head of External Communications

Mobile [phone]

Email:[e-mail]

Brett Jackson

Investor Relations Manager

Phone: [phone]

Mobile: [phone]

Email: [e-mail]