TZ LIMITED — Capital/Financing Update 2021

Jan 4, 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

5[th] January 2021 ASX Announcement

SUCCESSFUL COMPLETION OF PLACEMENT

TZ Limited (“TZ” or “the Company”) (ASX:TZL) is pleased to announce the successful completion today of a placement to a long-standing institutional investor. The funds from the placement will be used to support the Company’s balance sheet and for general working capital purposes.

The placement comprises the issue of two million fully paid ordinary shares (“Placement Shares”) at an issue price of $0.09, raising $180,000. The placement shares will rank equally with existing ordinary shares.

The issue price constitutes a 2% discount to the last closing price of $0.092 on Monday 4[th] January 2021, an 8% discount to the 5-day volume weighted average sale price (“VWAP”) of $0.098 and a 2% discount to the 30-day VWAP of $0.092.

Settlement of the placement was completed today and TZ expects to issue the shares on Thursday 7[th] January 2021.

The placement shares are being issued under TZ’s existing placement capacity under Listing Rule 7.1.

For further information, please contact:

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.

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