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STOCK EXCHANGE ANNOUNCEMENT 29 May 2025 Chorus releases final terms sheet for Capital Notes Further to Chorus Limited’s (Chorus) announcement earlier today, the final terms sheet relating to Chorus' issue of unsecured, subordinated, redeemable, cumulative, interest-bearing capital notes is attached. For further details, investors can contact one of 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