TOWER LIMITED — Director's Dealing 2025

Jul 9, 2025

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Ongoing Disclosure Notice

Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and Name of listed issuer: Date this disclosure made: Date of last disclosure: Director or senior manager giving disclosure Full name(s): Name of listed issuer: Name of related body corporate (if applicable): Position held in listed issuer:

Tower Limited (NZX: TWR) 23/05/2025 Blair McLaren Turnbull Tower Limited N/A Former Chief Executive Officer

Summary of acquisition or disposal of relevant interest (excluding specified derivatives) Class of affected quoted financial products: OrdinaryShares Nature of the affected relevant interest(s): (1) Regist ered holder and benef icial ow ner (2)Benef icial Ow ner	Summary of acquisition or disposal of relevant interest (excluding specified derivatives) Class of affected quoted financial products: OrdinaryShares Nature of the affected relevant interest(s): (1) Regist ered holder and benef icial ow ner (2)Benef icial Ow ner	Summary of acquisition or disposal of relevant interest (excluding specified derivatives) Class of affected quoted financial products: OrdinaryShares Nature of the affected relevant interest(s): (1) Regist ered holder and benef icial ow ner (2)Benef icial Ow ner
Class of affected quoted financial products:		OrdinaryShares
Nature of the affected relevant interest(s):		(1) Regist ered holder and benef icial ow ner (2)Benef icial Ow ner
For that relevant interest-
Number held in class before acquisition or disposal:		953,051/ 3,193
Number held in class after acquisition or disposal:		819,051/3,193
Current registered holder(s):		~~(1) Blair McLaren Turnbull~~ (2) Sharesies Nom inee Lim it ed on behalf of Blair Turnbull
Registered holder(s) once transfers are registered:		N/A
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable) Type of affected derivative: N/A Class of underlyingfinancial products: N/A Details of affected derivative- The notional value of the derivative (if any) or the notional amount of underlying financialproducts(if any): N/A A statement as to whether the derivative is cash settled or physicallysettled: N/A
		N/A
		N/A
The notional value of the derivative (if any) or the notional amount of underlying financialproducts(if any):		N/A
A statement as to whether the derivative is cash settled or physicallysettled:		N/A
Maturitydate of the derivative(if any):		N/A
Expirydate of the derivative(if any):		N/A
Theprice specified in the terms of the derivative(if any):		N/A
Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products:		N/A
For that derivative,- Parties to the derivative: If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:
Parties to the derivative:		N/A
If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:		N/A
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:		14

Details of transactions requiring disclosure-

Date of transaction:		8/07/2025
Nature of transaction:		Sale
Name of anyotherpartyorparties to the transaction(if known):		Unknown,on-market trades
The consideration, expressed in New Zealand dollars, paid or received for the acquisition or disposal. If the consideration was not in cash and cannot be readily by converted into a cash value,describe the consideration:		Total consideration of $211,824.48. See attached sheet for details of each transaction.
Number of financialproducts to which the transaction related:		Total number of shares sold 134,000. See attached sheet for details of transaction.
If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) include the following details—
Whether relevant interests were acquired or disposed of duringa closedperiod:		No.
Whether prior written clearance was provided to allow the acquisition or disposal to proceed duringthe closedperiod:		N/A
Date of the prior written clearance (if any):		N/A
Summary of other relevant interests after acquisition or disposal: Class ofquoted financialproducts: Nature of relevant interest: For that relevant interest,- Number held in class: Current registered holder(s): For a derivative relevant interest,- Type of derivative: Details of derivative,-
		N/A
		N/A
		N/A
		N/A
		N/A
The notional value of the derivative (if any) or the notional amount of underlying financial products (if any):		N/A
A statement as to whether the derivative is cash settled or physically settled:		N/A
Maturity date of the derivative (if any):		N/A
Expiry date of the derivative (if any):		N/A
The price's specified terms (if any):		N/A
Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlyingfinancialproducts:		N/A
For that derivative relevant interest,-		N/A
Parties to the derivative:		N/A
If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:		N/A
Certification I, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. Signature of director or officer: Date of signature: or Signature of person authorised to sign on behalf of director or officer:
		9-Jul-25
Signature of person authorised to sign on behalf of director or officer:

Date of signature: Name and title of authorised person:

Sales of shares in Tower Limited by Blair Turnbull, Former CEO, as registered holder and beneficial owner

Sale Date	Other Party/Purchaser	Number of Ordinary Shares sold	Consideration per share sold ($NZ)	Total Consideration (NZ$)
08 July2025	Unknown	15,000	1.5900	23,802.30
08 July2025	Unknown	6,500	1.5850	10,281.89
08 July2025	Unknown	3,750	1.5850	5,931.87
08 July2025	Unknown	6,329	1.5850	10,011.40
08 July2025	Unknown	19	1.5900	30.15
08 July2025	Unknown	556	1.5850	879.50
08 July2025	Unknown	2	1.5900	3.18
08 July2025	Unknown	12	1.5900	19.04
08 July2025	Unknown	2,888	1.5850	4,568.32
08 July2025	Unknown	1,600	1.5825	2,526.94
08 July2025	Unknown	40,000	1.5825	63,173.40
08 July2025	Unknown	18,377	1.5825	29,023.71
08 July2025	Unknown	14,000	1.5825	22,121.77
08 July2025	Unknown	24,967	1.5825	39,451.01