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TOWER LIMITED Major Shareholding Notification 2018

Mar 7, 2018

65971_rns_2018-03-07_4f02247e-4f0b-42b9-9415-261f2d439df7.pdf

Major Shareholding Notification

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==> picture [148 x 78] intentionally omitted <==

8 March 2018

Market Information NZX Limited Level 1, NZX Centre 11 Cable Street Wellington New Zealand

Company Announcements Office ASX Limited Exchange Centre Level 6, 20 Bridge Street Sydney NSW 2000 Australia

VERO SELLS 19.99% SHAREHOLDING

Tower Limited (NZX/ASX: TWR) notes that Vero has sold its 19.99% stake in Tower to Bain Capital Credit.

Tower welcomes its new largest shareholder, Bain Capital Credit, and looks forward to working with them.

Tower remains focussed on continuing to improve performance and accelerating its transformation into a digital challenger.

ENDS

TOWER Michael Stiassny Chairman Tower Limited ARBN 088 481 234 Incorporated in New Zealand

To arrange media interviews, please contact in the first instance: Nicholas Meseldzija Head of Corporate Communications Tower Limited Mobile: +64 21 531 869 Email: [email protected]

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