TZ LIMITED — Capital/Financing Update 2012

Sep 18, 2012

TZ Limited ABN 26 073 979 272

20 September 2012

Dear Optionholder,

Our records indicate that you are registered as the holder of options to acquire ordinary class shares in the capital of TZ Limited (" TZ ").

Notice is hereby given to you in your capacity as a holder of the options (" Your Existing Options ") that TZ is proposing to make a renounceable pro rata rights issue of new ordinary shares in TZ to shareholders in TZ on the basis of offering 1 new ordinary share for every 3 ordinary shares held in TZ as at 7.00 pm on 27 September 2012 at 10 cents per new share (together with 1 attaching new option exercisable at 14 cents on or before 31 October 2013 for every 2 new shares issued).

If you wish to be entitled to participate in the proposed renounceable rights issue in respect of Your Existing Options, then you must exercise Your Existing Options prior to the record date of 5.00 pm on 27 September 2012.

For and on behalf of the directors of TZ LIMITED

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KENNETH TING Executive Director and Company Secretary

TZ Limited | Level 11, 1Chifley Square, Sydney, NSW 2000 AustraliaPhone: +612 9222 8890 Fax: +612 8208 9937