TZ LIMITED — Share Issue/Capital Change 2017

Nov 21, 2017

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

TZ LIMITED

Applicable security for the reorganisation

TZL ORDINARY FULLY PAID TZLAQ OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Announcement Type

New Announcement Date of this announcement Wednesday November 22, 2017

Reorganisation type

Security consolidation Effective Date Tuesday December 12, 2017

Record Date Wednesday December 13, 2017

Issue Date Wednesday December 20, 2017

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 *Name of +Entity

TZ LIMITED

Registration Number

1.2 *Registered Number Type

ACN 073979272

1.3 *ASX issuer code

TZL

1.4 *The announcement is

New announcement

1.5 *Date of this announcement Wednesday November 22, 2017

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1.6 *Securities affected by the reorganisation

TZL ORDINARY FULLY PAID TZLAQ OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Part 2 - Approvals

2.1 *Are any of the below approvals required for the reorganisation before business day 0 of the timetable?

• Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval

• FIRB approval

• Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the reorganisation.

Yes

2.2 Approvals

Approval/Condition Date for determination Is the date estimated Approval +Security holder Wednesday or actual? received/condition approval November 29, 2017 Actual met?** [Select...]

Comments

Date of Annual General Meeting.

Part 3 - Reorganisation timetable and details

3.1 *+Record date

Wednesday December 13, 2017

3.2 Date of +security holder meeting

Wednesday November 29, 2017

3.3 Last day for trading in the pre-re-organised +securities

Monday December 11, 2017

3.4 *Effective date. Trading in the re-organised securities commences on a +deferred settlement basis. If the +entity's securities are suspended from trading during this period there will be no +deferred settlement trading however ASX still captures this date.

Tuesday December 12, 2017

3.5 Record date

Wednesday December 13, 2017

3.6 First day for +entity to send notices to +security holders of the change in the number of +securities they hold. First day for +entity to register +securities on a post-reorganised basis

Thursday December 14, 2017

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3.7 *+Issue date. +Deferred settlement market ends. Last day for +entity to send notices to

+security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis

Wednesday December 20, 2017

3.8 Trading starts on a normal T+2 basis

Thursday December 21, 2017

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

Wednesday December 27, 2017

Part 4 - Reorganisation type and details

4.1 *The reorganisation is

+Security consolidation

4.1a *Consolidation ratio: the +securities will be consolidated on the basis that every

10

(pre-consolidation) +securities will be consolidated into

1

(post-consolidation) +security (/ies).

4.2 *Scrip fraction rounding

Fractions rounded up to the next whole number

Part 5 - +Securities on issue before and after reorganisation

5.1 *+Securities on issue before and after the reorganisation

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ASX +Security Code ASX +Security
TZL Description
ORDINARY FULLY
PAID
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
705,577,059 70,557,706
ASX +Security Code ASX +Security
TZLAQ Description
OPTION EXPIRING
VARIOUS DATES EX
VARIOUS PRICES
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Unquoted before reorganisation reorganisation Actual
16,750,000 1,675,000
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5.2 *Exercise price of options

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ASX +Security Code ASX +Security Description TZLAQ OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES Quoted/unquoted Exercise price before Exercise price after Unquoted reorganisation reorganisation AUD 0.00000000 AUD 0.00000000 Part 6 - Further information 6.1 Further information relating to the reorganisation See TZL Notice of Annual General Meeting lodged 24 October 2017

6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

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