TZ LIMITED — Board/Management Information 2010

May 12, 2010

TZ Limited ABN 26 073 979 272

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13 May 2010

Lodged by ASX Online

The Manager Company Announcement Office ASX Ltd Level 4, 20 Bridge Street Sydney, NSW 2000

Dear Sir/Madam

RESIGNATION OF MR WILLEM DE VLUGT AS DIRECTOR

TZ Limited (ASX Code: TZL) advises that non-executive director Mr Willem de Vlugt has tendered his resignation from the Board, effective as of 31 May 2010.

The board of directors extends its sincere thanks to Mr de Vlugt and wishes him all the best in his future endeavours.

Mr de Vlugt’s replacement will be announced by TZ Limited prior to 31 May 2010.

Yours faithfully, TZ LIMITED

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Mark Bouris Chairman

Chicago (Operational Headquarters)

Sydney (Registered Office) Level 11, 1 Chifley Square Sydney, NSW 2000 Australia

ASX: TZL Web: www.tz.net Email: info@tz.net

520 West Erie Street, Suite 210 Chicago, IL 60654 United States