TZ LIMITED — Capital/Financing Update 2016

Jul 13, 2016

TZ Limited ABN 26 073 979 272

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14 July 2016

Lodged by ASX Online

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

Dear Sir/Madam

SHARE PURCHASE PLAN RESULT

TZ Limited (" TZ " or the " Company ") (ASX: TZL) is pleased to announce the completion of its share purchase plan first announced on 20 June 2016 ("SPP"). The issue price of the new shares under the SPP was $0.11 per share, the same issue price as under the recent placement which was completed on 20 June 2016 (" Placement ").

The volatile share markets since completion of the Placement and the associated impact on TZ's share price reduced shareholder take up under the SPP.

The Company received applications for a total of 2,018,149 ordinary shares from eligible shareholders, raising approximately $222,000. This is in addition to the $4.0 million (before costs) raised under the Placement.

TZ will issue the 2,018,149 new shares on Monday, 18 July 2016 with quotation and despatch of holding statements expected to take place on Tuesday, 19 July 2016.

The board of directors thanks all shareholders who participated in the SPP.

Yours faithfully,

TZ LIMITED

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Kenneth Ting Executive Director and Company Secretary

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