Tower Limited — Capital/Financing Update 2019

Sep 23, 2019

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Corporate Action Notice (Other than for a Distribution)

Section 1: issuer information (mandatory)	Section 1: issuer information (mandatory)
Name of issuer	Tower Limited

Section 1: issuer information (mandatory)	Section 1: issuer information (mandatory)	Section 1: issuer information (mandatory)	Section 1: issuer information (mandatory)	Section 1: issuer information (mandatory)	Section 1: issuer information (mandatory)	Section 1: issuer information (mandatory)	Section 1: issuer information (mandatory)
Name of issuer	Tower Limited
Class of Financial Product	Ordinary Shares
NZX ticker code	TWR
ISIN (If unknown, check on NZX website)	NZTWRE0011S2
Name of Registry	Computershare Investor Services Limited
Type of corporate action (Please mark with an X in the relevant box/es)	Share purchase plan				Renounceable Rights issue		X
	Capital reconstruction				Non Renounceable Rights issue
	Call				Bonus issue
Record date	7 pm, 2/10/2019
Ex-Date (one business day before the Record Date)	1/10/2019
Currency	NZ$
Section 2: Rights issue (delete if not applicable)
Number of Rights to be issued	84,331,075
Number of Financial Products to be issued under the Rights issue	84,331,075 ordinary shares
ISIN of Rights Security (if applicable)	N/A
Minimum entitlement	N/A
Entitlement ratio (for example 1 for 2)	New	1		Existing		4
Treatment of fractions	Rounded down
Subscription price	$0.54 per share
Letters of entitlement mailed	3/10/2019
Offer close	7 pm, 15/10/2019
Quotation Date1(if applicable)	1/10/2019
Allotment Date	23/10/2019

1 The Quotation date for Rights will be the Ex Date.

Section 7: Authority for this announcement (mandatory)	Section 7: Authority for this announcement (mandatory)
Name of person authorised to make this announcement	Hannah Snelling
Contact person for this announcement	Hannah Snelling
Contact phone number	+64 9 985 1566
Contact email address	hannah.snelling@tower.co.nz
Date of release through MAP	23/10/2019

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