Chorus Q3 FY20 Connections Update

STOCK EXCHANGE ANNOUNCEMENT 9 April 2020 Chorus Q3 FY20 Connections Update The Q3 period saw the COVID-19 lockdown, from 25 March, confirm the utility role of fixed line broadband. Monthly average data usage for March grew to 346GB, up 18% from 293GB in December; o copper broadband usage grew to 225GB vs 429GB for fibre users, and o the COVID-19 lockdown is reinforcing the value of unlimited datacaps, with 103GB average usage in just the last week of March, while two-way services such as video conferencing drove 85% greater upload usage during daytime. Broadband connections grew 4k in Chorus UFB and rural areas, while total broadband connections reduced by 4k to 1,202,000 (Q2 FY20: no change; Q3 FY19: +5k); o fibre demand remained strong with 32k connections added (Q2 FY20: +36k) despite COVID-19 impacts (i.e. fewer returning students and reduced installations during lockdown in late March), o strong growth in 1Gbps connections to 105k (Q2: 87k), now 15% of mass market fibre connections, and o UFB uptake rose from 56% to 58% and fibre was extended past 13,000 more customers. Total fixed line connections declined by 13k to 1,419,000 (Q2 FY20: -12k; Q3 FY19: -14k) o copper voice line reductions continued to moderate in Q3 (Q3 -8k; Q2 -12k). Authorised by David Collins Chief Financial Officer ENDS For further information: Brett Jackson Investor Relations Manager Phone: +64 4 896 4039 Mobile: +64 (27) 488 7808 Email: brett.jackson@chorus.co.nz Steve Pettigrew Head of External Communications Mobile +64 (27) 258 6257 Email: Steve.Pettigrew@chorus.co.nz End CA:00351511 For:CNU Type:MKTUPDTE Time:2020-04-09 08:31:30