Chorus Q2 FY21 Connections Update

STOCK EXCHANGE ANNOUNCEMENT 26 January 2021 Q2 FY21 overview Fibre uptake increased to 63% with the UFB rollout now 92% complete Fibre broadband connections increased by 29k (Q1 FY21: +33k; Q2 FY20: +36k) o 1Gbps connections increased 8k o fibre uptake across the completed UFB footprint grew from 62% to 63% o fibre uptake in UFB1 areas is at 66%, with growth strongest in Kapiti/Wellington and Waiheke Island o recently completed UFB2 townships include Matapouri, Taipa Bay Mangonui, Taumarunui, Karapiro, Hunterville, Cheviot, Amberley, Lawrence o average monthly data usage on fibre increased to 460GB, up from 456GB in Sept (including upstream traffic) Copper broadband and voice connections declined by 50k (Q1 FY21: -57k; Q2 FY20: -48k) Total broadband connections declined by 10k to 1,183,000* (Q1 FY21: -13k; Q2 FY20: no change) o Q2 reduction in broadband reflects combined seasonal effect of student holiday disconnections (e.g. fibre uptake reduced in Dunedin), inertia selling campaigns by fixed wireless providers and COVID-19 impact on net migration o Statistics NZ notes COVID border restrictions have reduced population growth significantly, with the gain from migration reducing from 6,000 a month pre-COVID to ~600 a month Total fixed line connections declined by 21k to 1,369,000* (Q1 FY21: -25k; Q2 FY20: -12k) *totals exclude the 11,000 broadband connections Chorus is currently providing free to student households For more detail, please see the Q2 FY21 Connections Update presentation attached. Authorised by: David Collins Chief Financial 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:00366675 For:CNU Type:MKTUPDTE Time:2021-01-26 08:47:23