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Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 Note: This form must be completed in accordance with the instructions at the end of the form. To NZX Limited and To Chorus Limited Date this disclosure made: 29 November 2017 Date last disclosure made: 28 November 2017 Date on which substantial holding ceased: 27 November 2017 Substantial product holder(s) giving disclosure Full name(s): Macquarie Group Limited Summary of previous substantial holding Class of quoted voting products: CNU Ordinary Shares Summary for Macquarie Group Limited For last disclosure,-- (a) total number held in class: 23,977,168 (b) total in class: 424,694,208 (c) total percentage held in class: 5.645% For current holding after ceasing to have substantial holding,-- (a) total number held in class: 20,997,201 (b) total in class: 424,694,208 (c) total percentage held in class: 4.94% Details of transactions and events giving rise to ceasing of substantial holding Details of the transactions or other events requiring disclosure: See attached Additional information Address(es) of substantial product holder(s): Level 6, 50 Martin Place, Sydney, New South Wales, Australia, 2000. Contact details: Young Hong, +61 02 8232 4129 Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: N/A Certification I, Dennis Leong, Company Secretary, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. End CA:00311156 For:CNU Type:SHINTR Time:2017-11-29 17:04:04