Tower Limited — Capital/Financing Update 2019

Sep 23, 2019

Corporate Action Notice (Other than for a Distribution)

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Section 1: issuer information (mandatory)	Section 1: issuer information (mandatory)
Name of issuerClass of Financial ProductNZX ticker codeISIN (If unknown, check on NZXwebsite)Name of RegistryType of corporate action(Please mark with an X in the relevantbox/es)Record dateEx-Date (one business day before theRecord Date)Currency	Tower LimitedOrdinary SharesTWRNZTWRE0011S2Computershare Investor Services LimitedShare purchaseplanRenounceableRights issueXCapitalreconstructionNonRenounceableRights issueCallBonus issue7 pm, 2/10/20191/10/2019NZ$
Section 2: Rights issue (delete if not applicable)
Number of Rights to be issuedNumber of Financial Products to beissued under the Rights issueISIN of Rights Security (if applicable)Minimum entitlementEntitlement ratio (for example 1 for 2)Treatment of fractions	84,331,07584,331,075 ordinary sharesN/AN/ANew1Existing4Rounded down
Subscription price	$0.56 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.

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Section 7: Authority for this announcement (mandatory)	Section 7: Authority for this announcement (mandatory)
Name of person authorised to make thisannouncement	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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