TZ LIMITED — Earnings Release 2018

May 24, 2018

TZ Limited ABN 26 073 979 272

25 May 2018

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ASX Announcement

UPDATED EARNINGS GUIDANCE

As the financial year end approaches, TZ Limited ( TZL and the Company ) is now in a position to provide further guidance on their forecast year end result for FY2018 and wish to advise the market of a revised expectation of an EBITDA loss of circa A$2.5M.

Despite the anticipated strong finish in the second half of the year which saw significant sales improvement and strong growth in the US and Europe compared to the first half of the year, the original forecast EBITDA loss of $1.5M will be impacted by:

1. A number of anticipated purchase orders that may not be able to be delivered before the end of June due to manufacturing lead-times. This will affect our ability to recognise revenue in this financial year; and

2. Missing out on competitive bids on a large University Mail Center RFP (Request for Purchase) in the USA and on a major Day Locker tender in Australia. In both of these projects, TZ progressed through the submission process to be shortlisted as one of two possible suppliers.

The Company plans to report its full year results in August at which time it intends to also provide forecast Revenue and EBITDA budgets for FY2019.

John Wilson

Managing Director

About TZ Limited

TZ Limited (“ TZ ”) is a technology company that is listed on the Australian Securities Exchange. TZ is the leader in SMArt Device™ technology combining state-of-the-art SMA actuated intelligent fastening and locking devices with TZ remote software control. TZ’s systems deliver asset level protection and compelling solutions for security, monitoring and control applications across a number of market segments. The Company currently supplies market leading solutions to major corporations worldwide to the Data Centre industry and in the Automated Parcel Locker and E-Commerce market.

For additional information on TZ Limited, please visit www.tz.net.

Level 11 1 Chifley Square Sydney NSW 2000

(02) 9222 8890

www.tz.net