TOWER LIMITED — Board/Management Information 2008

Mar 24, 2008

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25 March 2008

Market Information New Zealand Exchange Limited ASB Bank Tower Level 9, 2 Hunter Street Wellington NEW ZEALAND

Company Announcements Office Australian Stock Exchange Limited Exchange Centre Level 6, 20 Bridge Street Sydney NSW 2000 AUSTRALIA

ARBN 088 481 234 Incorporated in New Zealand

Dear Sir/Madam,

TOWER Appoints New Director

The Board of TOWER is delighted to announce that Rob Flannagan, Group Chief Executive Officer of the company has been appointed to the Board as Managing Director.

Chairman, Tony Gibbs, said that since Rob joined TOWER in late 2006 he has made an outstanding contribution to the company and the Directors are very pleased that he has accepted a seat on the Board.

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Eric O’Sullivan Company Secretary TOWER Limited

Head Office TOWER Centre Level 11 22 Fanshawe Street PO Box 90347 Auckland New Zealand Phone +64 9 369 2000