Chorus : Q3 FY21 Update Cover

Chorus Limited

Level 10, 1 Willis Street

P O Box 632

Wellington

New Zealand

Email: [e-mail]

STOCK EXCHANGE ANNOUNCEMENT

15 April 2021

Q3 FY21 overview

Total fixed line connections declined by 13k to 1,356,000*

Copper broadband and voice connections declined by 42k (Q2 FY21: -50k;Q3 FY20: -44k)

• fixed wireless providers are continuing inertia selling campaigns to their fixed line customers
• 2degrees has begun promoting fixed wireless
• Vodafone introduced new $40 4G fixed wireless plan with 60GB data

Total broadband connections declined by 2k to 1,181,000* (Q2 FY21: -10k;Q3 FY20: -4k)

• return of students from holidays helped restore some prior period disconnections
• COVID-19impact on net migration and population growth continues to constrain broadband growth

Fibre broadband connections increased by 29k (Q2 FY21: +29k; Q3 FY20: +32k)

• 1Gbps consumer connections increased 7k
• fibre uptake across the completed UFB footprint grew from 63% to 64%, with Chorus' managed migrations programme adding another 7k activations
• average monthly data usage on fibre increased to 491GB, up from 460GB in Dec (including upstream traffic)
• Sky TV began promoting fibre broadband to its existing customer base towards the end of Q3

*totals exclude the 11,000 broadband connections Chorus is currently providing free to 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]