TOWER LIMITED — Director's Dealing 2026

Mar 2, 2026

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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:

Tower Limited (NZX: TWR) 3-Mar-26 30-Jan-26 Paul Johnston Tower Limited N/A Chief Executive Officer

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:

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): Registered holder and beneficial owne	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): Registered holder and beneficial owne	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): Registered holder and beneficial owne
Class of affected quoted financial products:		OrdinaryShares
Nature of the affected relevant interest(s):		Registered holder and beneficial owne
For that relevant interest-
Number held in class before acquisition or disposal:		222,858
Number held in class after acquisition or disposal:		134,986
Current registered holder(s):		Paul Johnston
Registered holder(s) once transfers are registered:		N/A

Ordinary Shares Registered holder and beneficial owne 222,858 134,986 Paul Johnston N/A

Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)

		able)
		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
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:

10

Details of transactions requiring disclosure-

Date of transaction: Nature of transaction: Name of any other party or parties to the transaction (if known):

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:

Number of financial products to which the transaction related: 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 during a closed period: Whether prior written clearance was provided to allow the acquisition or disposal to proceed during the closed period:

Date of the prior written clearance (if any):

27-Feb-26 Sale

Unknown, on-market trades Total Consideration of $162,154.70. See attached sheet for details of each transaction Total number of shares sold 87,872. See attached sheet for details of each transaction

No N/A N/A

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products: N/A Nature of relevant interest: N/A For that relevant interest,- Number held in class: N/A Current registered holder(s): N/A For a derivative relevant interest,- Type of derivative: N/A

Details of derivative,-

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,-
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

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:		3-Mar-26
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:

Name and title of authorised person:

Sale of Shares in Tower Limited by Paul Johnston, Chief Executive Officer, as registered holder and beneficial owner

Sale Date	Other Party/Purchaser	Number of Ordinary Shares Sold	Consideration per share sold ($NZ)	Total Consideration ($NZ)
27 February2026	Unknown	7,600	1.8400	13,984.00
27 February2026	Unknown	10,800	1.8400	19,872.00
27 February2026	Unknown	46,983	1.8400	86,448.72
27 February2026	Unknown	2,808	1.8400	5,166.72
27 February2026	Unknown	4,855	1.8500	8,981.75
27 February2026	Unknown	162	1.8550	300.51
27 February2026	Unknown	2002	1.8700	3,743.74
27 February2026	Unknown	344	1.8500	636.40
27 February2026	Unknown	920	1.8550	1,706.60
27 February2026	Unknown	11,398	1.8700	21,314.26