TZ LIMITED — Capital/Financing Update 2021

Apr 5, 2021

Suite 48, Level 35, International Tower One 100 Barangaroo Avenue Sydney NSW 2000 Australia Telephone (+61) 2 9137 7300

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TZ Limited ABN 26 073 979 272

www.tz.net

6[th] April 2021 ASX Announcement

TZ ACQUIRES COURIERS PLEASE LOCKER BANK NETWORK EXPANDS CLICK, COLLECT & RETURN OFFERING

HIGHLIGHTS:

• TZ acquires the Couriers Please Australian ‘POP Station’ Parcel Locker network

• The Parcel Locker network consists of 34 strategic ‘Click, Collect and Return’ sites across the East Coast of Australia and 19 stations that are ready to be deployed

• TZ has also announced a partnership with HUBBED, a leading parcel management and collection provider

• Combined, the acquisition of POP Station and the HUBBED partnership significantly expands TZ’s eCommerce ‘Click, Collect and Return’ offering

TZ Limited (ASX: TZL) (“TZ” or “the Company”), the specialist in digital smart locking hardware and software, is pleased to announce that it has entered into an agreement to acquire an Australian network of Parcel Lockers from Couriers Please Pty Ltd (Australia). The ‘POP Station’ Parcel Locker network consists of 34 installed “Click, Collect and Return” Parcel Locker Banks strategically located in major locations across the East Coast of Australia and a further 19 Parcel Locker Banks that are ready to be deployed to sites of TZ’s choosing.

TZ is also pleased to announce that it has partnered with HUBBED Pty Ltd (“HUBBED”), a leading parcel collection point network with more than 2,000 collection locations in Australia. Through agreements with retailers and couriers HUBBED gives consumers more control and options regarding their preferred delivery, collection and return choices.

Together, the acquisition of the ‘POP Station’ network and the HUBBED partnership significantly enhances TZ’s ‘Click, Collect and Return’ service offering, while the new service is extremely complementary to TZ digital smart lock (SMArt Locker) and courier solutions.

Short-to-Medium Term Strategy

The acquisition is a seamless extension of TZ’s strategic focus to substantially grow its everyday revenues. TZ plans to grow this Parcel Locker network to over 100 locations within the first 18 months of acquisition and to over 300 Parcel Locker locations within the first three years. In order to grow utilisation of the Parcel Locker network TZ will partner with existing couriers and collection point partners to deliver seamless ‘Click, Collect and Return’ experience to consumers and retailers in the booming eCommerce sector.

TZ recognised an enormous opportunity post-Covid for the expansion of the Parcel Locker network; shopping centres looking for “foot traffic”, retailers looking to expand their eCommerce offerings and consumers looking for more convenient and efficient delivery methods.

This will be a new revenue stream for the company.

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Transaction Terms

Both parties have signed a term sheet where it is expected to sign a binding asset sale agreement over the coming weeks. Completion of the transaction will be no later than 30th June 2021. Acquisition terms are on a deferred basis with TZ assuming current maintenance responsibilities and rental commitments from completion.

Management Commentary

TZ’s Managing Director and CEO Scott Beeton said: “The Couriers Please ‘POP Station’ locker bank business is a highly complementary business that will help underpin TZ as an industry leader in eCommerce. Our aim is simply to improve the online shopping experience for Australian consumers and retailers by assisting the retailers to develop their online capabilities and provide the services that other large retailers and multinationals provide, leading to a streamlined end-to-end eCommerce solution. Importantly, this acquisition and partnership gives us a great foundation to execute on our strategy of operating one of the largest agnostic ‘Click, Collect & Return’ solutions in Australia. This is a great market opportunity for us.”

Investor Briefing

Please join TZ Limited’s Chief Executive Officer and Managing Director, Scott Beeton, for an investor briefing.

When: Thursday 8 April Time: 11am AEST

Register here: https://tz.investorportal.com.au/webcast/

For further information, please contact:

Warrick Lace Investor and Media Enquires Phone: +61 404 656 408 Email: warrick.lace@reachmarkets.com.au

Scott Beeton Chief Executive Officer Phone: +61 400 252 425 Email: s.beeton@tz.net

This ASX Announcement has been approved by the Board of Directors of TZ Limited.