TOWER LIMITED — Board/Management Information 2012

Feb 7, 2012

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8 February 2012

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 Wellington Sydney NSW 2000 New Zealand AUSTRALIA

TOWER Limited: Annual Meeting Results and Director Independence

TOWER Limited is pleased to advise that the following resolutions were passed at its Annual Meeting of shareholders held on 8 February 2012:

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• To authorise the Directors to fix the auditors’ remuneration for the coming year.

• To re-elect Michael Jefferies as a Director.

• To elect Michael Allen as a Director.

Denis Wood withdrew from standing for re-election and retired by rotation at the conclusion of the meeting.

In accordance with NZX Listing Rule 3.3.3(a), the board of TOWER Limited has determined that the following directors are independent directors: Bill Falconer, John Spencer and Susie Staley.

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Bronwyn Walsh Company Secretary & Compliance Manager TOWER Limited

ARBN 088 481 234 Incorporated in New Zealand

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