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TOWER LIMITED Major Shareholding Notification 2015

Apr 21, 2015

65971_rns_2015-04-21_ba992647-9132-4eb9-897d-d3af34a76c1b.pdf

Major Shareholding Notification

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22 April 2015

Company Announcements Platform Australian Securities Exchange Limited 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam,

Notice of change of interests of substantial holder

In accordance with section 671B of the Corporations Act 2001 (Cth), we attach a Notice of Change of Interests of Substantial Holder (Form 604) in respect of Tower Limited.

A notice in substantially the same terms will also be lodged with the ASX on behalf of Westpac Banking Corporation (WBC).

Yours faithfully,

Chris Millard Company Secretary

{00001131.DOC}BT Investment Management Limited ABN 28 126 385 822

www.btim.com.au

GPO Box 7072 Sydney NSW 2001 Australia

The Chifley Tower Level 15, 2 Chifley Square Sydney NSW 2000 Australia Tel 612 8253 2999

BT[® ] is a registered trade mark of BT Financial Group Pty Ltd and is used under licence

Form 604

Corporations Law Section 671B Notice of change of interests of substantial holder

To Company Name/Scheme

TOWER LIMITED (TWR)

ACN/ARSN

ARBN 088 481 234

1. Details of substantial holder(1)

Name

BT INVESTMENT MANAGEMENT LIMITED (BTT)

ACN/ARSN (if applicable) ACN 126 365 822

There was a change in the interests of the substantial holder on 20/04/2015 The previous notice was given to the company on 26/02/2015 The previous notice was dated 20/02/2015

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice in the company or scheme, are as follows:

Class of securities (4) Previous Notice Previous Notice Present Notice Present Notice
Person’s votes VotingPower Person’s votes VotingPower(5)
ORDINARY
SHARES
13,085,161 7.45% 15,004,226 8.54%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:


company or scheme

are as follows:
Date of change Person whose relevant interest
changed
Nature of
change (6)
Consideration
given in
relation to
change(7)
Class and
number of
securities
affected
Person’s
votes
affected
20/04/2015 WBC & its Associates , BT
Funds Management (NZ)
Limited, BT Funds
Management Limited and BT
Investment Management
(Fund Services)Limited
See
Annexure
‘A’
See
Annexure
‘A’
See
Annexure
‘A’
See
Annexure
‘A’

Page 1

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant
interest
Registered
holder of
securities
Person entitled
to be registered
as holder(8)
Nature of relevant
interest (6)
Class and
Number of
securities
Person’s votes
BT Funds
Management (NZ)
Limited
HSBC Custody
Nominees
(Australia)
Limited.
BTNZ Unit
Trusts
Nominees Ltd
Guardian
Nominees No. 2
Limited
BT Funds
Management (NZ)
Limited is the
manager of various
superannuation
funds, institutional
investor portfolios
and unit trusts and,
in that capacity,
can exercise the
power to vote or
dispose of the
shares.
13,339,476
Ordinary
13,339,476
BT Funds
Management
Limited
BT Portfolio
Services Limited
HSBC Custody
Nominees
(Australia)
Limited.
BT Portfolio
Services
Limited
BT Funds
Management
Limited is the
manager of various
superannuation
funds, institutional
investor portfolios
and unit trusts and,
in that capacity,
can exercise the
power to vote or
dispose of the
shares.
4,750
Ordinary
4,750
BT Investment
Management (Fund
Services) Limited
Australia and
New Zealand
Banking Group
Limited
National
Australian
Custodian
Services
HSBC Custody
Nominees
(Australia)
Limited.
HSBC Custody
Nominees
(Australia)
Limited.
BT Portfolio
Services
Limited
Australia and
New Zealand
Banking Group
Limited
National
Australian
Custodian
Services
BT Investment
Management
(Fund Services)
Limited is the
responsible entity
of various
managed
investment
schemes and, in
that capacity, can
exercise the power
to vote or dispose
of the shares
1,660,000
Ordinary
1,660,000

5. Changes in association

The persons who have become associates (2) of, or ceased to be associates of, or have changed the nature of their association (9) with, the holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)

Nature of association

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6. Addresses
The addresses of persons named in this form are as follows:
Name Address
Westpac Banking Corporation (WBC) Level 20, Westpac Place, 275 Kent St, Sydney
NSW 2000
BT Funds Management Limited Level 20, Westpac Place, 275 Kent Street, Sydney
NSW 2000
BT Investment Management (Fund Services) Level 14, Chifley Tower, 2 Chifley Square
Limited SYDNEY NSW 2000
BT Funds Management (NZ) Limited Westpac On Takutai Square 16 Takutai Square
Auckland 1010 New Zealand
TOWER LIMITED (TWR) The Company Secretary,
TOWER LIMITED (TWR)
Level 14, Tower Centre, 45 Queen Street
AUCKLAND NEW ZEALAND
Tel: +64 9 369 2000
Fax: +64 9 369 2160
Signature
print name Chris Millard capacity Company Secretary
sign here date 22/04/2015
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DIRECTIONS

  • (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6of the form.

  • (2) See the definition of “associate” in section 9 of the Corporations Law.

  • (3) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Law.

  • (4) The voting shares of a company constitute one class unless divided into separate classes.

  • (5) The person’s votes divided by the total votes in the body corporate scheme multiplied by 100.

  • (6) Include details of:

  • (a) Any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and with a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

  • (b) Any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

  • (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

  • (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write “unknown”.

  • (9) Give details, if appropriate, of the present association and any changes in that association since the last substantial holding notice.

Page 3

ANNEXURE A

This is annexure ‘A’ referred to in Form 604, Notice of change of interests of substantial holder, lodged for Westpac Banking Corporation ACN 007 457 141 and its associated entities.

Tim Hartin– Company Secretary, Westpac Banking Corporation 22/04/2015

TRANSACTION HISTORY

Sales & Purchases for the period : 21/02/2015 to 20/04/2015 SECURITY: TWR

BT Funds Management Limited BT Funds Management Limited
Date Registered Company Nature of
Change
Quantity Consideration Class of
Securities
Person’s
votes
affected
10/03/2015 BT Portfolio Services Limited Purchase 4,750 10,486.58 Ordinary 4,750
Total 4,750 10,486.58
BT Funds Management Limited Total : 4,750 10,486.58

BT Investment Management (Fund Services) Limited

Date Registered Company Nature of
Change
Quantity Consideration Class of
Securities
Person’s
votes
affected
2/04/2015 HSBC Custody Nominees (Australia) Limited. Sale -90,000 -203,400.00 Ordinary 90,000
2/04/2015 HSBC Custody Nominees (Australia) Limited. Sale -10,000 -22,600.00 Ordinary 10,000
2/04/2015 HSBC Custody Nominees (Australia) Limited. Sale -150,000 -339,000.00 Ordinary 150,000
Total -250,000 -565,000.00
BT Investment Management (Fund Services) Limited Total : -250,000 -565,000.00

BT Funds Management (NZ) Limited

Date Registered Company Nature of
Change
Quantity Consideration Class of
Securities
Person’s
votes
affected
23/02/2015 Guardian Nominees No. 2 Ltd Sale -144,305 -342,002.85 Ordinary 144,305
3/03/2015 Guardian Nominees No. 2 Ltd Sale -64,500 -152,865.00 Ordinary 64,500
3/03/2015 Guardian Nominees No. 2 Ltd Sale -64,500 -152,865.00 Ordinary 64,500
6/03/2015 Guardian Nominees No. 2 Ltd Sale -125,339 -295,800.04 Ordinary 125,339
10/03/2015 Guardian Nominees No. 2 Ltd Purchase 750,000 1,695,000.00 Ordinary 750,000
16/04/2015 Guardian Nominees No. 2 Ltd Purchase 56,000 126,560.00 Ordinary 56,000
17/04/2015 Guardian Nominees No. 2 Ltd Purchase 1,270,000 2,870,200.00 Ordinary 1,270,000
Total 1,677,356 3,748,227.81

Page 4

Date Registered Company Nature of
Change
Quantity Consideration Class of
Securities
Person’s
votes
affected
23/02/2015 BTNZ Unit Trust Nominees Ltd Sale -21,100 -50,007.00 Ordinary 21,100
23/02/2015 BTNZ Unit Trust Nominees Ltd Sale -34,595 -81,990.15 Ordinary 34,595
24/02/2015 BTNZ Unit Trust Nominees Ltd Purchase 1,064 2,468.48 Ordinary 1,064
25/02/2015 BTNZ Unit Trust Nominees Ltd Purchase 18,936 43,552.80 Ordinary 18,936
26/02/2015 BTNZ Unit Trust Nominees Ltd Purchase 19,955 45,796.72 Ordinary 19,955
27/02/2015 BTNZ Unit Trust Nominees Ltd Purchase 2,669 6,155.78 Ordinary 2,669
3/03/2015 BTNZ Unit Trust Nominees Ltd Sale -20,000 -47,400.00 Ordinary 20,000
3/03/2015 BTNZ Unit Trust Nominees Ltd Sale -15,500 -36,735.00 Ordinary 15,500
3/03/2015 BTNZ Unit Trust Nominees Ltd Sale -15,500 -36,735.00 Ordinary 15,500
6/03/2015 BTNZ Unit Trust Nominees Ltd Sale -15,500 -36,580.00 Ordinary 15,500
6/03/2015 BTNZ Unit Trust Nominees Ltd Sale -25,000 -59,000.00 Ordinary 25,000
10/03/2015 BTNZ Unit Trust Nominees Ltd Purchase 230,000 519,800.00 Ordinary 230,000
10/03/2015 BTNZ Unit Trust Nominees Ltd Purchase 141,000 318,660.00 Ordinary 141,000
23/03/2015 BTNZ Unit Trust Nominees Ltd Sale -16,250 -38,350.00 Ordinary 16,250
24/03/2015 BTNZ Unit Trust Nominees Ltd Sale -45,600 -107,866.80 Ordinary 45,600
25/03/2015 BTNZ Unit Trust Nominees Ltd Sale -18,620 -44,315.60 Ordinary 18,620
13/04/2015 BTNZ Unit Trust Nominees Ltd Purchase 15,000 34,200.00 Ordinary 15,000
14/04/2015 BTNZ Unit Trust Nominees Ltd Purchase 15,000 34,200.00 Ordinary 15,000
15/04/2015 BTNZ Unit Trust Nominees Ltd Purchase 25,000 56,750.00 Ordinary 25,000
16/04/2015 BTNZ Unit Trust Nominees Ltd Purchase 8,000 18,080.00 Ordinary 8,000
16/04/2015 BTNZ Unit Trust Nominees Ltd Purchase 8,000 18,080.00 Ordinary 8,000
17/04/2015 BTNZ Unit Trust Nominees Ltd Purchase 150,000 339,000.00 Ordinary 150,000
17/04/2015 BTNZ Unit Trust Nominees Ltd Purchase 80,000 180,800.00 Ordinary 80,000
Total 486,959 1,078,564.23
BT Funds Management (NZ) Limited Total : 2,164,315 4,826,791.34

Page 5

ANNEXURE A – ASSOCIATED COMPANIES

This is annexure ‘A’ referred to in Form 604, Notice of change of interests of substantial holder, lodged for Westpac Banking Corporation ACN 007 457 141 and its associated entities.

Tim Hartin – Company Secretary WBC– 22/04/2015

Westpac Banking Corporation Australia Reinventure Fund ILP Australia
1925 (Commercial) Pty Limited Australia RMS Warehouse Trust 2007-1 Australia
1925 (Industrial) Pty Limited Australia Sallmoor Pty Limited Australia
1925 Advances Pty Limited Australia Securitor Financial Group Limited Australia
A.G.C. (Pacific) Limited Papua New
Guinea
Seed Pool Trust No. 2 Australia
Advance Asset Management Limited Australia Series 2007-1G WST Trust Australia
Altitude Administration Pty Limited Australia Series 2008-1M WST Trust Australia
Altitude Rewards Pty Limited Australia Series 2009-1 WST Trust Australia
Aotearoa Financial Services Limited New Zealand Series 2011-1 WST Trust Australia
Ascalon Capital Managers (Asia) Limited Hong Kong Series 2011-2 WST Trust Australia
Ascalon Capital Managers Limited Australia Series 2011-3 WST Trust Australia
Ascalon Funds Seed Pool Trust Australia Series 2012-1 WST Trust Australia
Asgard Capital Management Limited Australia Series 2013-1 WST Trust Australia
Asgard Wealth Solutions Limited Australia Series 2013-2 WST Trust Australia
Australian Loan Processing Security Company Pty Ltd Australia Series 2014-1 WST Trust Australia
Australian Loan Processing Security Trust Australia Series 2014-2 WST Trust Australia
Bella Trust No. 2 Australia SIE-Lease (Australia) Pty Limited Australia
Bella Trust Australia SIE-Lease (New Zealand) Pty Limited New Zealand
Belliston Pty Limited Australia Sixty Martin Place (Holdings) Pty Limited Australia
Bill Acceptance Corporation Pty Limited Australia St.George Business Finance Pty Limited Australia
BT (Queensland) Pty Limited Australia St.George Custodial Pty Limited Australia
BT Australia Pty Limited Australia St.George Equity Finance Limited Australia
BT Financial Group (NZ) Limited New Zealand St.George Finance Holdings Limited Australia
BT Financial Group Pty Limited Australia St.George Finance Limited Australia
BT Funds Management (NZ) Limited New Zealand St.George Life Limited Australia
BT Funds Management Limited Australia St.George Motor Finance Limited Australia
BT Funds Management No.2 Limited Australia St.George Security Holdings Pty Limited Australia
BT Investment Management (Fund Services) Limited Australia Sydney Capital Corp Inc. USA
BT Investment Management (Institutional) Limited Australia Tavarua Funding Trust IV USA
BT Investment Management Limited Australia Teuton Pty Limited Australia
BT Long Term Income Fund Australia The Home Mortgage Company Limited New Zealand
BT Portfolio Services Limited Australia The Mortgage Company Pty Limited Australia
BT Private Nominees Pty Limited Australia The Warehouse Financial Services Limited New Zealand
BT Securities Limited Australia Value Nominees Pty Limited Australia
BT Short Term Income Fund Australia W2 Investments Pty Limited Australia
BTIM UK Limited UK Waratah Receivables Corp Pty Limited Australia
Canning Park Capital Pte. Ltd Australia Waratah Securities Australia Limited Australia
Capital Corporate Finance Limited Australia Westpac (NZ) Investments Limited New Zealand
Capital Finance (NZ) Limited Australia Westpac Administration Pty Limited Australia
Capital Finance Australia Limited Australia Westpac Administration 2 Limited Australia

Page 6

Capital Finance New Zealand Limited Australia Westpac Administration 3 Limited Australia
Capital Fleetlease Limited Australia Westpac Administration 4 Limited Australia
Capital Motor Finance Limited Australia Westpac Altitude Rewards Trust Australia
Capital Rent Group Limited New Zealand Westpac Americas Inc. USA
Castlereagh Trust Australia Westpac Asian Lending Pty Limited Australia
CBA Limited Australia Westpac Bank of Tonga Tonga
Challenge Limited Australia Westpac Bank Samoa Limited Samoa
Papua New
Core Infrastructure Income Feeder 1 L P UK Westpac Bank-PNG-Limited Guinea
Core Infrastructure Income Feeder 2 L P UK Westpac Capital Holdings Inc. USA
Core Infrastructure Income Master L P UK Westpac Capital Markets Holding Corp. USA
Crusade ABS Series 2012 - 1 Trust Australia Westpac Capital Markets LLC USA
Crusade ABS Series 2013 - 1 Trust Australia Westpac Capital Trust IV USA
Crusade ABS Series 2015 - 1 Trust Australia Westpac Capital-NZ-Limited New Zealand
Crusade CP Management Pty Limited Australia Westpac Cash PIE Fund Australia
Crusade CP No.1 Pty Limited Australia Westpac Cook Cove Trust I Australia
Crusade CP Trust No. 52 Australia Westpac Cook Cove Trust II Australia
Crusade CP Trust No. 53 Australia Westpac Covered Bond Trust Australia
Crusade CP Trust No. 55 Australia Westpac Custodian Nominees Pty Limited Australia
Crusade CP Trust No. 56 Australia Westpac Debt Securities Pty Limited Australia
Crusade CP Trust No. 57 Australia Westpac Delta LLC USA
Crusade CP Trust No. 58 Australia Westpac Direct Equity Investments Pty Limited Australia
Crusade Euro Trust 1E of 2006 Australia Westpac Equipment Finance (No.1) Pty Limited Australia
Crusade Euro Trust 1E of 2007 Australia Westpac Equipment Finance Limited Australia
Crusade Global Trust 1 of 2006 Australia Westpac Equity Holdings Pty Limited Australia
Crusade Global Trust 1 of 2007 Australia Westpac Equity Investments NZ Limited New Zealand
Crusade Global Trust 2 of 2005 Australia Westpac Equity Pty Limited Australia
Crusade Global Trust 2 of 2006 Australia Westpac Europe Limited UK
Crusade Management Limited Australia Westpac Finance (HK) Limited Hong Kong
Crusade Trust 1A of 2005 Australia Westpac Financial Consultants Limited Australia
Crusade 2P Trust of 2008 Australia Westpac Financial Holdings Pty Limited Australia
Danaby Pty Limited Australia Westpac Financial Services Group Limited Australia
Data Republic Pty Limited Australia Westpac Financial Services Group-NZ-Limited New Zealand
eQR Securities Pty. Limited Australia Westpac Financial Services Limited Australia
Europe Infrastructure Debt LP UK Westpac Funds Financing Holdco Pty Limited Australia
G.C.L. Investments Pty Limited Australia Westpac Funds Financing Pty Limited Australia
General Credit Holdings Pty Limited Australia Westpac General Insurance Limited Australia
General Credits Pty Limited Australia Westpac General Insurance Services Limited Australia
Halcyon Securities Pty Limited Australia Westpac Global Capital Markets Pty Limited Australia
Hastings Advisers LLC USA Westpac Group Investment-NZ-Limited New Zealand
Hastings Forestry Investments Limited New Zealand Westpac Group Investments Australia Pty Limited Australia
Hastings Forests Australia Pty Limited Australia Westpac Holdings-NZ-Limited New Zealand
Hastings Funds Management (UK) Limited Singapore Westpac Investment Capital Corporation USA
Hastings Funds Management (USA) Inc. UK Westpac Investment Vehicle No.2 Pty Limited Australia
Hastings Funds Management Asia Pty. Limited USA Westpac Investment Vehicle No.3 Pty Limited Australia
Hastings Funds Management Limited Australia Westpac Investment Vehicle Pty Limited Australia
Hastings Infrastructure 1 Limited UK Westpac Leasing Nominees-Vic.-Pty Limited Australia

Page 7

Hastings Infrastructure 2 Limited UK Westpac Lenders Mortgage Insurance Limited Australia
Hastings Investment Capital LP USA Westpac Life Insurance Services Limited Australia
Hastings Investment Management Pty Ltd USA Westpac Life-NZ-Limited New Zealand
Hastings Investment Management (Europe) Ltd UK Westpac New Zealand Group Limited New Zealand
Hastings Investments GP LLC Australia Westpac New Zealand Limited New Zealand
Hastings Korea Company Limited Korea Westpac Nominees-NZ-Limited New Zealand
Hastings Management Pty Limited Australia Westpac Notice saver PIE Fund Australia
Hastings Private Equity Fund IIA Pty Limited Australia Westpac NZ Covered Bond Holdings Limited New Zealand
Hickory Trust Australia Westpac NZ Covered Bond Limited New Zealand
Hitton Pty Limited Australia Westpac NZ Operations Limited New Zealand
HLT Custodian Trust New Zealand Westpac NZ Securitisation Holdings Limited New Zealand
Infrastructure GP LLP UK Westpac NZ Securitisation Limited New Zealand
Infrastructure GP 2 LLP UK Westpac NZ Securitisation No. 2 Limited New Zealand
Infrastructure Research and Advisory Services Private
Limited India Westpac Overseas Holdings No. 2 Pty Limited Australia
J O Hambro Capital Management Holdings Limited UK Westpac Overseas Holdings Pty Limited Australia
J O Hambro Capital Management Limited UK Westpac Pacific Limited Partnership Australia
JOHCM (Singapore) Pte Limited Singapore Westpac Properties Limited Australia
JOHCM (USA) Inc USA Westpac RE Limited Australia
Magnitude Group Pty Limited Australia Westpac Securities Administration Limited Australia
MIF Custodian Trust New Zealand Westpac Securities Limited Australia
Mortgage Management Pty Limited Australia Westpac Securities NZ Limited New Zealand
Nationwide Management Pty Limited Australia Westpac Securitisation Holdings Pty Limited Australia
Net Nominees Limited Australia Westpac Securitisation Management Pty Limited Australia
North Ryde Office Trust Australia Westpac Singapore Limited Singapore
Number 120 Limited New Zealand Westpac Structured Products Limited Australia
Oniston Pty Limited Australia Westpac Superannuation Nominees-NZ-Limited New Zealand
Partnership Pacific Pty Limited Australia Westpac Syndications Management Pty Limited Australia
Partnership Pacific Securities Pty Limited Australia Westpac Term PIE Fund New Zealand
Pashley Investments Pty Limited Australia Westpac TPS Trust Australia
Qvalent Pty Limited Australia Westpac Unit Trust Australia
RAMS Financial Group Pty Limited Australia Westpac USA Inc. USA

Note: Westpac retains 59.6% ownership of BT Investment Management Limited who lodges separate notices under ASX code ‘BTT’

BT Investment Management Limited (59.6%)

BT Investment Management (Institutional) Limited (Subsidiary of BT Investment Management Limited)

Australia Australia

Page 8