Chorus amends syndicated bank facility

STOCK EXCHANGE ANNOUNCEMENT 3 May 2022 Chorus amends syndicated bank facility Chorus has finalised amendments to its $350m committed bank facility, providing additional financial flexibility and funding certainty. The facility covenants have been revised from 4.75 to 5.50 times debt to EBITDA and 2.75 to 2.50 times interest coverage, to better align with the recent changes to Chorus' credit rating thresholds. Chorus has extended the maturity date of the $350 million facility from April 2024 to April 2025. Authorised by: Andrew Carroll GM, Customer and Network Operations 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:00391350 For:CNU Type:MKTUPDTE Time:2022-05-03 08:30:35