Chorus to submit first price-path compliance statement

Chorus to submit first price-path compliance statement Chorus will today submit its first price-path compliance statement with the Commerce Commission as required by the new regulatory framework for fibre access services. The purpose of a price-path compliance statement is to confirm that forecast revenues are below the price path set by the Commerce Commission for a given period. The maximum allowable revenue for calendar year 2022 is $692 million, including pass through costs of about $16 million. Today's price-path compliance statement forecasts that Chorus' regulated fibre revenue for the 2022 calendar year will be approximately $657 million. Chorus notes that the fibre revenue forecast does not include annual inflation adjustments to pricing, as per the compliance statement requirements. Any changes to future pricing would typically apply in October following industry consultation. At this time Chorus is required to submit an updated price-path compliance statement. 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:00389775 For:CNU Type:GENERAL Time:2022-03-31 08:30:20