TZ LIMITED — Regulatory Filings 2007

Oct 31, 2007

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1 November 2007

Lodged by ASX Online – 3 pages

The Manager Company Announcement Office Australian Stock Exchange Ltd. Level 4, 20 Bridge Street Sydney, NSW 2000

TZ ANNOUNCES JOINT DEVELOPMENT AGREEMENT WITH KARMANN FOR AUTOMOTIVE CONVERTIBLE TOP APPLICATIONS

CHICAGO, ILLINOIS, USA – 31 October 2007 – TZ Limited (ASX: TZL) is pleased to announce that a Joint Development Agreement has been finalized with Karmann Technical Development, LLC. Karmann is a leading global automotive supplier that designs, engineers and manufactures innovative products for vehicle manufacturers. This agreement formalizes Karmann as a customer in TZ’s early adopter program. Under the agreement, TZ and Karmann will work together exclusively to integrate Intevia[®] Intelligent Fastening Technology (IFT) into Karmann’s future convertible top systems.

TZ and Karmann are committed to jointly design, develop and validate designs and product applications incorporating Intevia[®] technology with the intent to integrate the technology into Karmann’s global automotive product lines. The two teams will work together to develop new mechanisms as well as modify existing ones to create an automotive grade product for incorporation into Karmann’s convertible top systems. Upon successful development and testing of the Intevia[®] solution, Karmann will market that system to their target automotive customers with the intention of securing production orders.

“We’re on the verge of witnessing a transformation in automotive design and manufacturing,” says TZ Group CEO David Feber. “As a premier automotive supplier, Karmann is a great company to partner with to create new, innovative products and collaborate with to offer Intevia[®] products to their global customers.”

The development partnership with this early adopter customer will assist TZ in capturing the overall Intevia[®] Ground Transportation market opportunity of USD $75 million by 2011. Fulfilling this opportunity will allow TZ to further broaden applications with Karmann as well

Sydney (Registered Office) Level 12, 37 Bligh Street Sydney NSW 2000 Australia

Chicago (Operational Headquarters) ASX: TZL 520 West Erie Street, Suite 210 Web: www.tzlimited.com Chicago, IL 60610 United States Email: info@tzlimited.com

ASX ANNOUNCEMENT

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as accelerate current commercial momentum with other automotive suppliers in other areas of the vehicle.

Intevia[®] fastener and actuation mechanisms incorporate state-of-the-art Shape Memory Alloy (SMA) actuators that offer power-to-weight ratios typically two or more times higher than conventional electrical-to-mechanical devices. The integration of Intevia[®] technology into automotive applications will decrease weight and will offer significant noise reductions over current devices and systems. Additionally, Intevia[®] offers a reduction in the number of parts within a system while providing further value such as improved cost and reliability.

“We look forward to our relationship with TZ,” says Dag Reckhorn, Karmann’s Vice President of Technical Development. “With TZ collaboration, we have the potential to offer our customers a truly innovative class of technology while giving us the opportunity to differentiate our products in the marketplace.”

Many automotive Tier One suppliers and OEMs are just now beginning to understand the enormous potential SMA technology will bring to the design and engineering of automotive products. TZ is the leader in intelligent fastening and actuation control technology and has developed proven technical solutions that are currently being implemented in aerospace, marine, defense and industrial applications as well.

About Karmann Technical Development, LLC www.karmann.com

Karmann has approximately 8,000 employees worldwide supplying the international automotive industry with new ideas, innovative solutions and products, and contributing to the future of the automobile.

For more than 100 years, Karmann’s overall knowledge from modules to complete vehicles has made Karmann partners with the great names in the industry most notably for its convertible top systems. Karmann is indeed well known for its expertise in convertible tops, however, testing facilities and logistics services complete their service spectrum.

About TZ Limited www.tzlimited.com

TZ Limited (ASX: TZL) is a publicly listed intellectual property and technology development company with design and engineering operations throughout the US and Europe.

The company is a leader in the integration of intelligence and software control into everyday objects to enable new levels of functionality. Supported by a full product development capability, TZ Limited brings innovation to market through the creation of winning new products and solutions.

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ASX ANNOUNCEMENT

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Through innovation partnerships with industry leaders, TZ Limited creates opportunities for new product participation and business growth via our proven capabilities in developing, licensing and commercializing proprietary technologies.

Media Enquiries

Investor Enquiries

Fraser Brown Marketing Communications Australian Contact Ph: +61 2 8233 6123 f.brown@tz.net

John Falconer Director/Company Secretary +61 411 420 720 j.falconer@tz.net

Deb Joins Marketing Communications U.S. Contact +1-248-220-1471, Ext. 100 d.joins@tz.net

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