TZ LIMITED — Capital/Financing Update 2019

Dec 19, 2019

Level 11, 1 Chifley Square Sydney NSW 2000 Australia Telephone (+61) 2 9222 8890

www.tz.net

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TZ Limited ABN 26 073 979 272

ASX Announcement

20 December 2019

Lodged by ASX Online

The Manager ASX Market Announcements Office ASX Limited Level 4, 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

TZ Limited – Share Purchase Plan

TZ Limited (ASX: TZL ) ( TZ or the Company ) advises that the offer period under its Share Purchase Plan ( SPP ) closed for applications at 5.00pm (Sydney time) on Tuesday, 17 December 2019. The SPP has raised $858,517 (before costs).

TZ advises that the issue price for new shares to be issued under the SPP will be 10.5 cents per new share meaning that a total of 8,176,340 new shares will be issued through the SPP.

It is expected that the new shares will be issued and allotted on or around Monday, 23 December 2019 and application for quotation of the new shares on the ASX will also be made on Monday, 23 December 2019. It is expected that the new shares will be able to be traded on the ASX as from Tuesday, 24 December 2019.

All new shares issued under the SPP will rank equally with existing TZ shares quoted on the ASX, and carry the same voting rights, dividend rights and other entitlements from allotment as existing TZ shares.

SPP applications will not be subject to any scale back.

Delcor Advisory Group will now place the SPP “shortfall”, being 12,991,109 shares, with existing “708 qualified TZ Shareholders”. Due to the Festive Season this may take up until January 10[th] to complete.

TZ Limited thanks all shareholders who participated in the Share Purchase Plan.

Yours faithfully

TZ LIMITED

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Peter Graham Chairman

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