TZ LIMITED — Capital/Financing Update 2021

Apr 28, 2021

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

29 April 2021

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

Dear Sir / Madam

TZ LIMITED | CLEANSING NOTICE | SECTION 708AA(2)(f)

This notice is given by TZ Limited ACN 073 979 272 (ASX: TZL) ( Company ) under section 708AA(2)(f) of the Corporations Act 2001 (Cth) ( Corporations Act ) in relation to its proposed non-renounceable rights issue offer of new shares (each, a New Share ) to existing eligible holders of the Company's shares ( Rights Issue ).

In connection with the Rights Issue, the Company is pleased to advise that:

• (a) the Company will offer the New Shares for issue without disclosure to investors under Part 6D.2 of the Corporations Act;

• (b) this notice is being given by the Company under section 708AA(2)(f) of the Corporations Act;

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

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

• ii. section 674 of the Corporations Act;

• (d) as at the date of this notice, there is no excluded information of the type referred to in sections 708AA(8) or 708AA(9) of the Corporations Act; and

• (e) the potential effect the Rights Issue will have on the control of the Company and the consequences of that effect, will depend on a number of factors, including investor demand and the level of existing shareholdings. However, given the structure of the Rights Issue as a pro rata offer and the current level of holdings of substantial holders (based on their substantial holder notices filed with the Company on or prior to the date of this notice), and although the Rights Issue is not underwritten, the Rights Issue is not expected to have a material effect or consequence on the control of the Company.

Further details regarding the Rights Issue will be included in an offer booklet which is expected to be lodged by the Company with ASX and sent to the eligible shareholders on Friday, 7 May 2021.

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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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