Q4 FY20 overview

STOCK EXCHANGE ANNOUNCEMENT 10 July 2020 Q4 FY20 overview COVID-19 constrains Q4 fibre growth Lockdown period had a significant impact on Q4 fibre activity and uptake 1. restrictions on non-essential activity reduced fibre installations by ~15k and halted UFB2 rollout 2. reduced fibre installations and constraints on door to door marketing saw Q4 fibre connection growth drop to 27k from 32k in Q3 3. Chorus provided $5 million financial support to service companies to assist with reduced field force workflow/revenue and help retain workforce for rapid resumption of work in Alert Level 3 Total fixed line connections declined by 4k to 1,415,000* (Q3 FY20: -13k) Broadband connections returned to Q2 level of 1,206,000*, with 4k growth (Q3 FY20:-4k) *totals exclude 10,000 free broadband connections provided to student households Authorised by: JB Rousselot Chief Executive Officer ENDS For further information: Steve Pettigrew Head of External Communications Mobile +64 (27) 258 6257 Email: Steve.Pettigrew@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:00356048 For:CNU Type:MKTUPDTE Time:2020-07-10 08:33:01