DRP price and AUD dividend rate

STOCK EXCHANGE ANNOUNCEMENT 28 March 2017 DRP price and AUD dividend rate The price at which shares will be allotted under Chorus' Dividend Reinvestment Plan (DRP) for the FY17 interim dividend is NZ$4.0443. The shares will be issued on 4 April 2017. The price was set based on the volume weighted average sale price of price setting trades of Chorus shares on the NZX Main Board taking place over a period of five trading days commencing on 20 March 2017, less a discount of 3%. The foreign exchange rate used for Chorus' FY17 interim dividend payable to Australian investors has been set at (NZD/AUD) $0.9207. The interim dividend of NZ$0.085 cents per share will be paid on 4 April 2017. A supplementary dividend of NZ$0.015 will also be paid on 4 April 2017 to shareholders who are not resident in New Zealand. A copy of Chorus' updated ASX Appendix 3A.1 is attached. ENDS For further information: Nathan Beaumont Media and PR Manager Phone: +64 4 896 4352 Mobile: +64 (21) 243 8412 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 End CA:00298925 For:CNU Type:DRP Time:2017-03-28 09:41:52