Capital Return to Shareholders Implemented

Tower Limited 136 Fanshawe Street, PO Box 90347, Auckland 1142, New Zealand
Freephone: 0800 808 808 Calling from overseas: +64 9 369 2000 tower.co.nz

9 March 2022



Market Information
NZX Limited
Level 1, NZX Centre
11 Cable Street
WELLINGTON
Company Announcements Office
ASX Limited
Exchange Centre
Level 6, 20 Bridge Street
Sydney NSW 2000
AUSTRALIA



Capital Return to Shareholders Implemented

Tower Limited has today implemented its capital return of approximately NZ$30.4m to its
shareholders.

As part of the capital return, 1 ordinary share for every 10 ordinary shares held by shareholders on 8
March 2022 has been cancelled, with fractions rounded up or down to the nearest whole share (with
0.5 rounded down). The total number of shares on issue following the capital return is 379,483,987.

Payments to shareholders will be processed by 22 March 2022 in accordance with the terms of the
capital return.

Blair Turnbull
Chief Executive Officer
Tower Limited


For media enquiries, please contact in the first instance:

Emily Davies
Head of Corporate Affairs and Reputation
+64 21 815 149
emily.davies@tower.co.nz