TOWER LIMITED — Board/Management Information 2015

Mar 17, 2015

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18 March 2015

Market Information Company Announcements Office NZX Limited Australian Securities Exchange Limited Level 2, NZX Centre Exchange Centre 11 Cable Street Level 6, 20 Bridge Street Wellington Sydney NSW 2000 New Zealand Australia

TOWER appoints new Chief Financial Officer

TOWER Limited (NZX/ASX: TWR) advises that it has appointed Brett Wilson as its new Chief Financial Officer.

Mr Wilson will start with the company on Monday 23 March 2015.

Mr Wilson has 20 years’ experience in financial services and joins TOWER from Seniors Money International Limited, where he was Chief Financial Officer and Secretary.

Previous to this role Mr Wilson was General Manager Finance for ASB. He has extensive background in insurance, having worked as General Manager Finance for Sovereign and CFO for Metropolitan Life.

TOWER Chief Executive Officer David Hancock said he was delighted to welcome Mr Wilson to TOWER’s Executive Leadership team.

“Brett brings with him an extensive background in financial services and deep understanding of the insurance industry, and we look forward to the company benefiting from his expertise, skills and insights,” he said.

Mr Hancock said current CFO Michael Boggs, who resigned last year, would finish with the company on Friday 20 March 2015.

“I would like to take this opportunity to thank Michael for his significant contribution to TOWER during his four years with the company, and for the manner in which he has supported a smooth transition for Brett. We wish him all the very best in his new role,” Mr Hancock said.

ENDS

David Hancock Chief Executive Officer TOWER Limited ARBN 088 481 234 Incorporated in New Zealand

For further information, please contact: Tracey Palmer Head of Corporate Communications Mobile: +64 21 837 860 Email: tracey.palmer@tower.co.nz