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TOWER LIMITED Capital/Financing Update 2022

Mar 8, 2022

65971_rns_2022-03-08_82b8df0f-7fbf-42b8-9177-80473282a285.pdf

Capital/Financing Update

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==> picture [115 x 46] intentionally omitted <==

9 March 2022

Market Information Company Announcements Office NZX Limited ASX Limited Level 1, NZX Centre Exchange Centre 11 Cable Street Level 6, 20 Bridge Street WELLINGTON Sydney NSW 2000 AUSTRALIA

Capital Return to Shareholders Implemented

Tower Limited has today implemented its capital return of approximately NZ$30.4m to its shareholders.

As part of the capital return, 1 ordinary share for every 10 ordinary shares held by shareholders on 8 March 2022 has been cancelled, with fractions rounded up or down to the nearest whole share (with 0.5 rounded down). The total number of shares on issue following the capital return is 379,483,987.

Payments to shareholders will be processed by 22 March 2022 in accordance with the terms of the capital return.

Blair Turnbull Chief Executive Officer Tower Limited

For media enquiries, please contact in the first instance:

Emily Davies Head of Corporate Affairs and Reputation +64 21 815 149 [email protected]

Tower Limited 136 Fanshawe Street, PO Box 90347, Auckland 1142, New Zealand Freephone: 0800 808 808 Calling from overseas: +64 9 369 2000 tower.co.nz