Chorus Q4 FY23 update

STOCK EXCHANGE ANNOUNCEMENT 11 July 2023 Q4 FY23 overview Update on flood and cyclone-related costs o As noted at Chorus' HY23 results, FY23 EBITDA guidance of $675m-$690m excluded potential flood and cyclone-related impacts. These FY23 EBITDA impacts are estimated to be $7m and exclude future capital expenditure, where required, for network replacement. Total fibre connections increased by 19k to 1,031,000 (Q3 FY23: +15k) o Fibre uptake increased from 72% to 73% across the completed UFB footprint in Q4 o 77% uptake (+1%) in UFB1 areas o 56.5% uptake (+2.5%) in UFB2 areas Total broadband connections remained steady at 1,188,000* o 7k broadband connections were added in Chorus UFB areas (Q3 FY23: +6k) o 1Gbps and Hyperfibre connections were 44% of net mass market fibre adds in Q4 (Q3 FY23: 46%) o Home Fibre Starter (50Mbps) connections grew 58% to 16k Total fixed line connections declined by 8k to 1,271,000* (Q3 FY23: -6k) o copper broadband and voice connections declined by 27k (Q3 FY23: -21k) o voice only disconnections were -8k (Q3 FY23: -5k) o copper withdrawal: 544 copper broadband cabinets no longer have active customers (Q3 FY23: 330 cabinets) Average monthly data usage increased to 542GB in June (March: 502GB) o Average fibre data usage grew to 585GB in June (March: 548GB) o Gisborne had the highest regional data usage at 665GB on fibre, likely reflecting ongoing weather and access challenges *totals exclude ~2,000 broadband connections Chorus is partly subsidising for student households Authorised by: Mark Aue 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 Mobile: +64 (27) 488 7808 Email: Brett.Jackson@chorus.co.nz End CA:00414536 For:CNU Type:MKTUPDTE Time:2023-07-11 08:30:33