Chorus Capital Notes offer closes

STOCK EXCHANGE ANNOUNCEMENT 29 May 2025 Chorus Capital Notes offer closes Chorus' offer of unsecured, subordinated, redeemable, cumulative, interest-bearing capital notes (Capital Notes) (the Offer) closed today following a successful bookbuild, with NZ$170 million of Capital Notes allocated to the bookbuild participants and their clients. The Initial Margin for the Capital Notes has been set at 2.05% per annum. The Interest Rate that will apply until the First Reset Date (6 June 2031) will be announced later today, and the final terms sheet will be released shortly after that. The Capital Notes are expected to be issued on 6 June 2025 and quoted on the NZX Debt Market on 9 June 2025. Details of the Offer and the Capital Notes are contained in the replacement PDS dated 23 May 2025, which is available on the Disclose register at www.disclose-register.companiesoffice.govt.nz (offer number OFR13938). For further details, investors can contact the Joint Lead Managers (details below) or their usual financial advice provider. Arranger and Joint Lead Manager Forsyth Barr Limited: 0800 367 227 Joint Lead Manager Bank of New Zealand: 09 924 9602 Authorised by: Drew Davies Chief Operating 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 Nathan Beaumont Head of Corporate Relations Phone: +64 (4) 896 4352 Email. Nathan.Beaumont@chorus.co.nz