TZ LIMITED — Capital/Financing Update 2012

Sep 17, 2012

TZ Limited ABN 26 073 979 272

18 September 2012

Lodged by ASX Online

The Manager Company Announcements O f fice ASX Ltd. Level 4, 20 Bridge Street Sydney, NSW 2000

Dear Sir/Madam

UNDERWRITING AGREEMENT

TZ Limited (the “Company” or “TZL” ) refers to its announ c ement made on 14 September 2012 regardin g a proposed 1 for 3 renounceable rights is s ue at 10 cents per share (together with 1 atta c hing new option for every 2 new share s issued), to raise approximately $4.6 million.

The Company advises that it has today entered into an underwriti n g agreement with Patersons Securities Limited (the “Underwriter” ) for the Underwriter to f ully underwrite the rights issue.

The underwriting agreement is subject to usual conditions and terminati o n events, including the following conditions whic h are required to be satisfied by the propos e d lodgment date of the prospectus:

(a) The Underwriter being sa t isfied with its due diligence investigations b y that date.

• (b) The Underwriter being sa t isfied with the form of the prospectus to be issued in respect of the rights issue.

• (c) An appropriate legal sign off being provided to the due diligence co m mittee established in respect of the rights issue.

• (d) The prospectus for the rights issue being lodged with ASIC pri o r to 5.00 pm on 19 September 2012.

Yours faithfully, TZ LIMITED

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Kenneth Ting Secretary and Executive Dire c tor

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