Q1 FY21 overview

STOCK EXCHANGE ANNOUNCEMENT 9 October 2020 Q1 FY21 overview Fibre uptake increased to 62% with 1Gbps uptake growing to 17% Fibre broadband connections increased by 33k o 1Gbps connections increased 13k o fibre uptake across the completed UFB footprint rose from 60% to 62% o fibre uptake in UFB1 areas is at 65%, with Auckland growing to 70% o average monthly data usage on fibre increased to 456GB, up from 436GB in June (including upstream traffic) Copper broadband and voice connections declined by 57k Line loss trends reverted to pre COVID-19 levels with additional copper broadband decline reflecting: o RSP copper broadband billing clean-up and catch-up of copper migration delayed by Q4 lockdown period (~5-10k) o mobile network providers continuing to promote fixed wireless o subdued RSP fibre marketing in Q1, with activity expected to lift in Q2 as enhanced Chorus campaign incentives become available Total broadband connections declined by 13k to 1,193,000* (Q4 FY20: +4k; Q3 FY20:-4k) Total fixed line connections declined by 25k to 1,390,000* (Q4 FY20: -4k; Q3 FY20: -13k) *totals exclude the 11,000 broadband connections Chorus is currently providing free 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:00361206 For:CNU Type:MKTUPDTE Time:2020-10-09 08:30:53