TOWER LIMITED — Board/Management Information 2011

May 15, 2011

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16 May 2011

Market Information Company Announcements Office NZX Limited Australian Stock Exchange Limited Level 2, NZX Centre Exchange Centre 11 Cable Street Level 6, 20 Bridge Street PO Box 2959 Sydney NSW 2000 Wellington AUSTRALIA New Zealand

Group Chief Actuary

TOWER has today appointed John Feyter as TOWER’s Group Chief Actuary. John Fetyer is an experienced senior actuary, who is joining TOWER from a New Zealand health insurance company. He will be responsible for all of the Group Actuarial services covering Health, Life and General Insurance, and will be commencing his role from 13 June 2011.

Rob Flannagan Group Managing Director TOWER Limited ARBN 088 481 234 Incorporated in New Zealand

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