TOWER LIMITED — Board/Management Information 2008

Feb 21, 2008

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22 February 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 Limited – Notification of Independent Directors

In accordance with NZX Listing Rule 3.3.1B, TOWER advises that, as detailed in the company’s Annual Report, the following are independent directors:

Bill Falconer John Spencer Susie Staley Denis Wood

Yours faithfully

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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