Commerce Commission confirms PQP2 WACC

The Commerce Commission has today released its cost of capital determination for Chorus’ price quality path for the second regulatory period from 2025 to 2028. The Commission has determined a mid-point vanilla WACC of 7.68% and a post-tax WACC of 7.17%. The Commission decision is available here Commerce Commission - Cost of capital guidelines and determinations (comcom.govt.nz) Authorised by: Katrina Smidt Acting 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 Vicki Gan Media and Content Manager Phone +64 99752940 Email: Vicki.Gan@chorus.co.nz