TZ LIMITED — Capital/Financing Update 2021

Aug 17, 2021

Level 2, 40 Gloucester Street The Rocks NSW 2000 Australia Telephone (+61) 2 9137 7300

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TZ Limited

www.tz.net

ABN 26 073 979 272

18 August 2021

ASX Market Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000

CLEANSING NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT 2001 (CTH)

TZ Limited (ASX: TZL) ( Company ) confirms that it issued 16,666,667 fully paid ordinary shares in the Company at a deemed issue price of $0.12 per share yesterday ( Conversion Shares ). The Conversion Shares were issued to First Samuel Limited following the conversion of $2 million of debenture debt into equity, as approved by the Company’s Shareholders at an Extraordinary General Meeting held on 16 August 2021.

The Company gives notice that:

• (a) The Conversion Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) ( Act );

• (b) this notice is given by the Company in accordance with section 708A(5)(e) of the Act;

• (c) as at the date of this notice, the Company has complied with:

• i. the provisions of Chapter 2M of the Act as they apply to the Company, and

• ii. section 674 of the Act, as it applies to the Company; and

• (d) as at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) and 708A(8) of the Act.

An Appendix 2A in connection with the issue of the Conversion Shares was lodged by the Company with the ASX on 16 August 2021.

This notice was approved by the board of directors of the Company.

Yours faithfully

TZ LIMITED

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Peter Graham Chairman

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