Tower Limited — Director's Dealing 2021

Mar 2, 2021

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Ongoing Disclosure Notice

Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

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To NZX Limited; and
Name of listed issuer: Tower Limited (NZX: TWR)
Date this disclosure made: 2/03/2021
Date of last disclosure: 1/12/2020
Director or senior manager giving disclosure
Full name(s): Blair McLaren Turnbull
Name of listed issuer: Tower Limited
Name of related body corporate (if applicable): N/A
Position held in listed issuer: CEO
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products: Ordinary Shares in Tower Limited
Registered holder and beneficial owner of
Nature of the affected relevant interest(s):
ordinary shares
For that relevant interest-
163,798 (NB. The previous disclosure on
1/12/2020 stated that Mr Turnbull was the
registered holder of 163,797 shares but
the actual amount was 163,798 shares
Number held in class before acquisition or disposal:
and 3,298 of those shares were acquired
via the Sharesies platform and are held
by Sharesies Nominee Limited on behalf
of Blair McLaren Turnbull)
Number held in class after acquisition or disposal: 259,442
255,500 shares held by Blair McLaren
Turnbull
Current registered holder(s): 3,942 shares held by Sharesies Nominee
Limited on behalf of Blair McLaren
Turnbull
Registered holder(s) once transfers are registered: N/A
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative: N/A
Class of underlying financial products: N/A
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any): N/A
A statement as to whether the derivative is cash settled or physically settled: N/A
Maturity date of the derivative (if any): N/A
Expiry date of the derivative(if any): N/A
The price specified in the terms of the derivative (if any): N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products: N/A
For that derivative,-
Parties to the derivative: N/A
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Ordinary Shares in Tower Limited Registered holder and beneficial owner of ordinary shares 163,798 (NB. The previous disclosure on 1/12/2020 stated that Mr Turnbull was the registered holder of 163,797 shares but the actual amount was 163,798 shares and 3,298 of those shares were acquired via the Sharesies platform and are held by Sharesies Nominee Limited on behalf of Blair McLaren Turnbull) 259,442 255,500 shares held by Blair McLaren Turnbull 3,942 shares held by Sharesies Nominee Limited on behalf of Blair McLaren Turnbull N/A

If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative: N/A Details of transactions giving rise to acquisition or disposal Total number of transactions to which notice relates: Six

Details of transactions requiring disclosure-

Date of transaction: Nature of transaction: Name of any other party or parties to the transaction (if known): The consideration, expressed in New Zealand dollars, paid or received for the acquisition or disposal. If the consideration was not in cash and cannot be readily by converted into a cash value, describe the consideration: Number of financial products to which the transaction related: If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) include the following details— Whether relevant interests were acquired or disposed of during a closed period: Whether prior written clearance was provided to allow the acquisition or disposal to proceed during the closed period: Date of the prior written clearance (if any):

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products: Nature of relevant interest: For that relevant interest,- Number held in class: Current registered holder(s): For a derivative relevant interest,- Type of derivative:

Details of derivative,-

The notional value of the derivative (if any) or the notional amount of underlying financial products (if any): A statement as to whether the derivative is cash settled or physically settled: Maturity date of the derivative (if any): Expiry date of the derivative (if any): The price's specified terms (if any): Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products: For that derivative relevant interest,- Parties to the derivative: If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative: Certification I, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. Signature of director or officer: Date of signature: or Signature of person authorised to sign on behalf of director or officer:

25 February 2021 (for shares bought on market) 1 March 2021 (for shares bought via the Sharesies platform) Acquisition of shares on market and via the Sharesies platform N/A $70,500.00 95,644 No N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 2/03/2021

Date of signature: Name and title of authorised person:

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