Commerce Commission confirms regulatory WACC

Commerce Commission confirms regulatory WACC The Commerce Commission has today released its cost of capital determination for Chorus' price quality path for the first regulatory period from 2022 to 2024. The Commission has determined a mid-point vanilla WACC of 4.72% and a post-tax WACC of 4.52%. This reflects updates to the risk-free rate, cost of debt and cost of equity. The Commission's prior draft price-quality determination reflected a mid-point vanilla WACC of 4.66% and a mid-point post-tax WACC of 4.46%. The Commission decision is available here: https://comcom.govt.nz/__data/assets/pdf_file/0033/258396/2021-NZCC-8-Cost-of -capital-determination-Fibre-PQ-1-July-2021.pdf 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:00374903 For:CNU Type:MKTUPDTE Time:2021-07-01 10:08:34