TZ LIMITED — Director's Dealing 2010

May 20, 2010

TZ Limited ABN 26 073 979 272

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21 May 2010

Lodged by ASX Online

The Manager Company Announcement Office ASX Ltd Level 4, 20 Bridge Street Sydney, NSW 2000

Dear Sir/Madam

APPENDIX 3X

Please find attached an ASX Appendix 3X Notice (Initial Director’s Interest Notice) for TZ Limited related to the recent appointment of Mr Dickory Rudduck as a nonexecutive director of the Company.

Chicago (Operational Headquarters)

Sydney (Registered Office) Level 11, 1 Chifley Square Sydney, NSW 2000 Australia

ASX: TZL Web: www.tz.net Email: info@tz.net

520 West Erie Street, Suite 210 Chicago, IL 60654 United States

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 30/9/2001.

Name of entity	TZ Limited
ABN	26 073 979 272

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Dickory Rudduck
Date of appointment	Friday 14thMay 2010

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

13,902 ordinary shares

• See chapter 19 for defined terms.

11/3/2002

Appendix 3X Page 1

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of Number & class of Securities interest Note: Provide details of the circumstances giving rise to the relevant interest. Intellectual Exchange Pty Ltd of 431,500 Ordinary Shares which Dickory Rudduck is a shareholder Future Wall Pty Ltd of which 193,885 Ordinary Shares Dickory Rudduck is a shareholder Tematec Pty Ltd, of which 343,211 Ordinary Shares Dickory Rudduck is a shareholder Dickory Rudduck Super Fund 10,000 Ordinary Shares 19811870816 of which Dickory Rudduck is a beneficiary

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	NIL
Nature of interest	NIL
Name of registered holder (if issued securities)
No. and class of securities to which interest relates

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002