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TOWER LIMITED Major Shareholding Notification 2024

Oct 23, 2024

65971_rns_2024-10-23_bd7291fc-d3dd-4226-b01c-7e6c24e63f86.pdf

Major Shareholding Notification

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Disclosure of ceasing to have substantial holding

Section 279, Financial Markets Conduct Act 2013

To NZX Ltd and

To Tower Limited

Date this disclosure made: 23 October 2024

Date last disclosure made: 18 October 2024

Date on which substantial holding ceased: 21 October 2024

Substantial product holder(s) giving disclosure

Full name(s): Salt Funds Management Limited

Summary of previous substantial holding

Class of quoted voting products: Tower Limited Ordinary Shares (TWR)

Summary for Salt Funds Management Limited

For last disclosure,—

  • (a) total number held in class: 21,916,572

  • (b) total in class: 379,483,987

  • (c) total percentage held in class: 5.775%

For current holding after ceasing to have substantial holding,—

  • (a) total number held in class: 17,740,168

  • (b) total in class: 379,483,987

  • (c) total percentage held in class: 4.675%

Details of transactions and events giving rise to ceasing of substantial holding

Details of the transactions or other events requiring disclosure:

On market sales of 4,176,404 shares for a consideration of $5,845,089.39 over the period 17[th] October 2024 to 21[st] October 2024.

100080615/3821107.1

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Additional information

Address(es) of substantial product holder(s):

Level 3, The Imperial Buildings 44 Queen Street Auckland 1050

Contact details:

Claire MacRae +64 9 869 5123 [email protected]

Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: N/A

Certification

I, Claire MacRae, 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.

100080615/3821107.1

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