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TOWER LIMITED Share Issue/Capital Change 2008

May 11, 2008

65971_rns_2008-05-11_9149eca3-2026-46b3-b31f-32f838c1792d.pdf

Share Issue/Capital Change

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12 May 2008

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Market Information New Zealand Exchange Limited ASB Bank Tower Level 9, 2 Hunter Street Wellington NEW ZEALAND

Company Announcements Office Australian Stock Exchange Limited Exchange Centre Level 6, 20 Bridge Street Sydney NSW 2000 AUSTRALIA

Dear Sir/Madam

TOWER Limited – Notice of Cancellation of Options

In accordance with NZSX Listing Rules and the ASX Listing Rules, TOWER advises that:

  • (a) 200,000 unlisted options to purchase 1 fully paid ordinary TOWER share have been cancelled.

  • (b) 6,745,240 unlisted options remain on issue.

Yours faithfully

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Eric O’Sullivan Company Secretary TOWER Limited

Head Office TOWER Centre Level 11 22 Fanshawe Street PO Box 90347 Auckland New Zealand Phone +64 9 486 9340