Approval granted to hold more than 10% of Chorus’ shares

STOCK EXCHANGE ANNOUNCEMENT 11 December 2017 Approval granted to hold more than 10% of Chorus' shares Chorus has been advised by the Crown that L1 Capital Pty Limited, in respect of certain funds, have been granted approval, should they choose to exercise it in future, to acquire a relevant interest in 10% or more (but not exceeding 15%) of Chorus' shares. Under Chorus' Constitution, Crown approval is required if a shareholder wishes to be able to have the option of holding 10% or more of Chorus shares. AMP Capital Holdings was granted approval to acquire a relevant interest in 10% or more (but not exceeding 15%) of Chorus' shares in 2012. ENDS For further information: Nathan Beaumont Media and PR Manager Mobile: 021 243 8412 Email: nathan.beaumont@chorus.co.nz Brett Jackson Investor Relations Manager Mobile: 027 4887808 Email: brett.jackson@chorus.co.nz End CA:00311664 For:CNU Type:GENERAL Time:2017-12-11 08:30:05