TZ LIMITED — Capital/Financing Update 2016

Nov 17, 2016

TZ Limited ABN 26 073 979 272

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18 November 2016

Lodged by ASX Online

The Manager Company Announcements Office ASX Limited Level 4, 20 Bridge Street Sydney NSW 2000

Dear Sir/Madam

SECURED LOAN FACILITY

TZ Limited (ASX Code: TZL) (the " Company" ) is pleased to announce that it has today accepted an offer from First Samuel Limited to provide the Company with a secured loan facility.

The offer is subject to standard conditions for a commercial loan facility, including entering into formal loan documentation.

The material terms of the loan facility are:

Amount: The Company may borrow up to $3.0 million under the facility. Interest rate: 90 day BBSW plus 4% per annum, payable 6 monthly in arrears. Term of facility: 24 months from drawdown with a 12 month extension at the Company's option. If the Company exercises this option, annual interest rate to increase to 90 day BBSW plus 6% per annum for the second 12 month term. Fee: Facility fee of 1% per annum calculated on the $3.0 million facility amount. Security: The loan will be secured by a first ranking security interest over the assets of the Company and its subsidiaries.

Yours faithfully TZ LIMITED Mark Bouris Chairman

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