Ongoing Disclosure Notices

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
Tower Limited (NZX: TWR)
Date this disclosure made:
4-Apr-22
Date of last disclosure:
30-Nov-20
Director or senior manager giving disclosure
Full name(s):
Michael Peter Stiassny
Name of listed issuer:
Tower Limited
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:
Director
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Or d in ar y sh ar es
Nature of the affected relevant interest(s):
Reg ist er ed h o ld er an d
b en ef icial o w n er o f o r d in ar y
sh ar es
For that relevant interest-
Number held in class before acquisition or disposal:
694,330
Number held in class after acquisition or disposal:
624,897
Current registered holder(s):
Mich ael Pet er St iassn y
Registered holder(s) once transfers are registered:
N/A
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
N/A
Class of underlying financial products:
N/A
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:
N/A
Maturity date of the derivative (if any):
N/A
Expiry date of the derivative(if any):
N/A
The price specified in the terms of the derivative (if any):
N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the underlying
financial products:
N/A
For that derivative:
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
N/A
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: One

Details of transactions requiring disclosure-
Date of transaction:9/03/2022
Nature of transaction: Implementation of Tower Limited's
capital return to shareholders whereby
the company cancelled 1 share for
every 10 shares held on the record
date of 8 March 2022.
Name of any other party or parties to the transaction (if known):N/A
The consideration, expressed in New Zealand dollars, paid or received for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a
cash value, describe the consideration:
NZ$0.72 per share totalling
NZ$49,991.76
Number of financial products to which the transaction related: 69,433
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:No
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
N/A
Date of the prior written clearance (if any):
N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:N/A
Nature of relevant interest:N/A
For that relevant interest,-
Number held in class:N/A
Current registered holder(s):N/A
For a derivative relevant interest,-
Type of derivative:N/A
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:N/A
Maturity date of the derivative (if any):N/A
Expiry date of the derivative (if any):N/A
The price's specified terms (if any):N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the underlying
financial products:
N/A
For that derivative relevant interest: N/A
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
N/A
Certification
I, certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of director or officer:
Date of signature:
25-Mar-22
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
Name and title of authorised person:
Notes
Use this form to disclose all the acquisitions and disposals by a director or senior manager
of a listed issuer, or of a related body corporate, or in specified derivatives. The disclosure
must be made within:
(a) 20 working days after the first acquisition or disposal disclosed in this notice if the
aquisitions or disposals are of a kind referred to in section 297(2)(a) of the Financial
Markets Conduct Act 2013; or
(b) in any other case, 5 trading days after the first acquisition or disposal disclosed in this
notice.

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
Tower Limited (NZX: TWR)
Date this disclosure made:
4-Apr-22
Date of last disclosure:
8-Dec-20
Director or senior manager giving disclosure
Full name(s):
Warren John Lee
Name of listed issuer:
Tower Limited
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:
Director
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Or d in ar y sh ar es in To w er Lim it ed
Nature of the affected relevant interest(s):(1) War r en Jo h n Lee - r eg ist er ed
h o ld er an d b en ef icial o w n er o f
o r d in ar y sh ar es
(2) Pau la Elizab et h Dar lin g (a) p o w er
t o co n t r o l acq u isit io n ; an d (b )
d isp o sal o f sh ar es an d p o w er t o
exer cise v o t es at t ach ed t o sh ar es
h eld in w if e's n am e
For that relevant interest:
Number held in class before acquisition or disposal:(1) War r en Jo h n Lee 5000
(2)

Pau la Elizab et h Dar lin g 115,500
Number held in class after acquisition or disposal:(1) War r en Jo h n Lee 4500
(2)

Pau la Elizab et h Dar lin g 103,950
Current registered holder(s):(1) War r en Jo h n Lee
(2)

Pau la Elizab et h Dar lin g
Registered holder(s) once transfers are registered:
N/A
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
N/A
Class of underlying financial products:
N/A
Details of affected derivative:
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:
N/A
Maturity date of the derivative (if any):
N/A
Expiry date of the derivative(if any):
N/A
The price specified in the terms of the derivative (if any):
N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
N/A
For that derivative:
Parties to the derivative:
N/A
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
N/A
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: One

Details of transactions requiring disclosure:
Date of transaction:9/03/2022
Nature of transaction:
Implementation of Tower Limited's capital
return to shareholders whereby the
company cancelled 1 share for every 10
shares held on the record date of 8 March
2022
Name of any other party or parties to the transaction (if known):N/A
The consideration, expressed in New Zealand dollars, paid or received for the
acquisition or disposal. If the consideration was not in cash and cannot be readily by
converted into a cash value, describe the consideration:
NZ$0.72 per share totalling (1) Warren
John Lee NZ$360 (2) Paula Elizabeth
Darling NZ$8,316
Number of financial products to which the transaction related:
(1) Warren John Lee 500 (2) Paula
Elizabeth Darling 11,550
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:N/A
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
N/A
Date of the prior written clearance (if any):
N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:N/A
Nature of relevant interest:N/A
For that relevant interest:
Number held in class:N/A
Current registered holder(s):N/A
For a derivative relevant interest:
Type of derivative:N/A
Details of derivative:
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:N/A
Maturity date of the derivative (if any):N/A
Expiry date of the derivative (if any):N/A
The price's specified terms (if any):N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
N/A
For that derivative relevant interest: N/A
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
N/A
Certification
I, certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of director or officer:
Date of signature:
25-Mar-22
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
Name and title of authorised person:
Notes
Use this form to disclose all the acquisitions and disposals by a director or senior
manager of a listed issuer, or of a related body corporate, or in specified derivatives.
The disclosure must be made within—
(a) 20 working days after the first acquisition or disposal disclosed in this notice if the
aquisitions or disposals are of a kind referred to in section 297(2)(a) of the Financial
Markets Conduct Act 2013; or
(b) in any other case, 5 trading days after the first acquisition or disposal disclosed in
this notice.

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
Tower Limited (NZX: TWR)
Date this disclosure made:
4-Apr-22
Date of last disclosure:
5-Feb-21
Director or senior manager giving disclosure
Full name(s):
Graham Robert Stuart
Name of listed issuer:
Tower Limited
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:
Director
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Or d in ar y sh ar es
Nature of the affected relevant interest(s):
Jo in t r eg ist er ed h o ld er an d
b en ef icial o w n er o f o r d in ar y
sh ar es
For that relevant interest-
Number held in class before acquisition or disposal:
225,000
Number held in class after acquisition or disposal:
202,500
Current registered holder(s):
Gr ah am Ro b er t St u ar t & Nico la
Ro b er t a St u ar t
Registered holder(s) once transfers are registered:
N/A
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
N/A
Class of underlying financial products:
N/A
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:
N/A
Maturity date of the derivative (if any):
N/A
Expiry date of the derivative(if any):
N/A
The price specified in the terms of the derivative (if any):
N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
N/A
For that derivative:
Parties to the derivative:
N/A
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
N/A
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: One

Details of transactions requiring disclosure-
Date of transaction:9/03/2022
Nature of transaction: Implementation of Tower Limited's
capital return to shareholders whereby
the company cancelled 1 share for
every 10 shares held on the record date
of 8 March 2022.
Name of any other party or parties to the transaction (if known):N/A
The consideration, expressed in New Zealand dollars, paid or received for the
acquisition or disposal. If the consideration was not in cash and cannot be readily by
converted into a cash value, describe the consideration:
NZ$0.72 per share totalling NZ$16,200
Number of financial products to which the transaction related: 22,500
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:No
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
No
Date of the prior written clearance (if any):
N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:N/A
Nature of relevant interest:N/A
For that relevant interest,-
Number held in class:N/A
Current registered holder(s):N/A
For a derivative relevant interest:
Type of derivative:N/A
Details of derivative:
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:N/A
Maturity date of the derivative (if any):N/A
Expiry date of the derivative (if any):N/A
The price's specified terms (if any):N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
N/A
For that derivative relevant interest: N/A
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
N/A
Certification
I, certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all
persons for whom it is made.
Signature of director or officer:
Date of signature:25-Mar-22
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
Name and title of authorised person:
Notes
Use this form to disclose all the acquisitions and disposals by a director or senior
manager of a listed issuer, or of a related body corporate, or in specified derivatives.
The disclosure must be made within—
(a) 20 working days after the first acquisition or disposal disclosed in this notice if the
aquisitions or disposals are of a kind referred to in section 297(2)(a) of the Financial
Markets Conduct Act 2013; or
(b) in any other case, 5 trading days after the first acquisition or disposal disclosed in
this notice.

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
Tower Limited (NZX: TWR)
Date this disclosure made:
4-Apr-22
Date of last disclosure:
30-Nov-20
Director or senior manager giving disclosure
Full name(s):
Marcus Nagel
Name of listed issuer:
Tower Limited
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:
Director
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Or d in ar y sh ar es
Nature of the affected relevant interest(s):
Reg ist er ed h o ld er an d b en ef icial
o w n er o f o r d in ar y sh ar es
For that relevant interest:
Number held in class before acquisition or disposal:
62
Number held in class after acquisition or disposal:
56
Current registered holder(s):
Mar cu s Nag el
Registered holder(s) once transfers are registered:
N/A
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
N/A
Class of underlying financial products:
N/A
Details of affected derivative:
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:
N/A
Maturity date of the derivative (if any):
N/A
Expiry date of the derivative(if any):
N/A
The price specified in the terms of the derivative (if any):
N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
N/A
For that derivative:
Parties to the derivative:
N/A
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
N/A
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: One

Details of transactions requiring disclosure:
Date of transaction:9/03/2022
Nature of transaction:
Implementation of Tower Limited's
capital return to shareholders whereby
the company cancelled 1 share for
every 10 shares held on the record date
of 8 March 2022.
Name of any other party or parties to the transaction (if known):N/A
The consideration, expressed in New Zealand dollars, paid or received for the
acquisition or disposal. If the consideration was not in cash and cannot be readily by
converted into a cash value, describe the consideration:
NZ$0.72 per share totalling NZ$4.32
Number of financial products to which the transaction related: 6
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:No
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
N/A
Date of the prior written clearance (if any):
N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:N/A
Nature of relevant interest:N/A
For that relevant interest:
Number held in class:N/A
Current registered holder(s):N/A
For a derivative relevant interest:
Type of derivative:N/A
Details of derivative:
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:N/A
Maturity date of the derivative (if any):N/A
Expiry date of the derivative (if any):N/A
The price's specified terms (if any):N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
N/A
For that derivative relevant interest: N/A
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
N/A
Certification
I, certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of director or officer:
Date of signature:
28/03/2022
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
Name and title of authorised person:
Notes
Use this form to disclose all the acquisitions and disposals by a director or senior
manager of a listed issuer, or of a related body corporate, or in specified derivatives.
The disclosure must be made within—
(a) 20 working days after the first acquisition or disposal disclosed in this notice if the
aquisitions or disposals are of a kind referred to in section 297(2)(a) of the Financial
Markets Conduct Act 2013; or
(b) in any other case, 5 trading days after the first acquisition or disposal disclosed in
this notice.

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers
Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct
Act 2013
To NZX Limited; and
Name of listed issuer:
Tower Limited (NZX: TWR)
Date this disclosure made:
4-Apr-22
Date of last disclosure:
5-Feb-21
Director or senior manager giving disclosure
Full name(s):
Wendy Thorpe
Name of listed issuer:
Tower Limited
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:
Director
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Or d in ar y sh ar es
Nature of the affected relevant interest(s):
Reg ist er ed h o ld er an d b en ef icial
o w n er o f o r d in ar y sh ar es
For that relevant interest-
Number held in class before acquisition or disposal:
15,950
Number held in class after acquisition or disposal:
14,625
Current registered holder(s):
Wen d y Th o r p e
Registered holder(s) once transfers are registered:
N/A
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
N/A
Class of underlying financial products:
N/A
Details of affected derivative:
The notional value of the derivative (if any) or the notional amount
of underlying financial products (if any):
N/A
A statement as to whether the derivative is cash settled or
physically settled:
N/A
Maturity date of the derivative (if any):
N/A
Expiry date of the derivative(if any):
N/A
The price specified in the terms of the derivative (if any):
N/A
Any other details needed to understand how the amount of the
consideration payable under the derivative or the value of the
derivative is affected by the value of the underlying financial
products:
N/A
For that derivative:
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the
nature of the relevant interest in the derivative:
N/A
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: One

Details of transactions requiring disclosure:
Date of transaction:9/03/2022
Nature of transaction: Implementation of Tower Limited's capital
return to shareholders whereby the company
cancelled 1 share for every 10 shares held on
the record date of 8 March 2022.
Name of any other party or parties to the transaction (if known):N/A
The consideration, expressed in New Zealand dollars, paid or
received for the acquisition or disposal. If the consideration was not
in cash and cannot be readily by converted into a cash value,
describe the consideration:
NZ$0.72 per share totalling NZ$1,170
Number of financial products to which the transaction related: 1,625
If the issuer has a financial products trading policy that prohibits
directors or senior managers from trading during any period without
written clearance (a closed period) include the following details:
Whether relevant interests were acquired or disposed of during a
closed period:
No
Whether prior written clearance was provided to allow the
acquisition or disposal to proceed during the closed period:
No
Date of the prior written clearance (if any):
N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:N/A
Nature of relevant interest:N/A
For that relevant interest:
Number held in class:N/A
Current registered holder(s):N/A
For a derivative relevant interest:
Type of derivative:N/A
Details of derivative:
The notional value of the derivative (if any) or the notional amount
of underlying financial products (if any):
N/A
A statement as to whether the derivative is cash settled or
physically settled:
N/A
Maturity date of the derivative (if any):N/A
Expiry date of the derivative (if any):N/A
The price's specified terms (if any):N/A
Any other details needed to understand how the amount of the
consideration payable under the derivative or the value of the
derivative is affected by the value of the underlying financial
products:
N/A
For that derivative relevant interest: N/A
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the
nature of the relevant interest in the derivative:
N/A
Certification
I, certify that, to the best of my knowledge and belief, the
information contained in this disclosure is correct and that I am
duly authorised to make this disclosure by all persons for whom it
is made.
Signature of director or officer:
Date of signature:
31-Mar-22
or
Signature of person authorised to sign on behalf of director or
officer:
Date of signature:
Name and title of authorised person:
Notes
Use this form to disclose all the acquisitions and disposals by a
director or senior manager of a listed issuer, or of a related body
corporate, or in specified derivatives. The disclosure must be made
within:
(a) 20 working days after the first acquisition or disposal disclosed
in this notice if the aquisitions or disposals are of a kind referred to
in section 297(2)(a) of the Financial Markets Conduct Act 2013; or
(b) in any other case, 5 trading days after the first acquisition or
disposal disclosed in this notice.

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant
Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act
2013
To NZX Limited; and
Name of listed issuer:
Tower Limited (NZX: TWR)
Date this disclosure made:
4-Apr-21
Date of last disclosure:
26-Nov-21
Director or senior manager giving disclosure
Full name(s):
Blair McLaren Turnbull
Name of listed issuer:
Tower Limited
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:
Chief Executive Officer
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Or d in ar y sh ar es
Nature of the affected relevant interest(s):
Reg ist er ed h o ld er an d b en ef icial
o w n er o f o r d in ar y sh ar es
For that relevant interest-
Number held in class before acquisition or disposal:
(1) 410,500 Blair Tu r n b u ll
(2) 3,942 Sh ar esies No m in ee Lim it ed o n
b eh alf o f Blair Tu r n b u ll
Number held in class after acquisition or disposal:
(1) 369,450 Blair Tu r n b u ll
(2) 3,548 Sh ar esies No m in ee Lim it ed o n
b eh alf o f Blair Tu r n b u ll
Current registered holder(s):
(1) Blair Tu r n b u ll
(2) Sh ar esies No m in ee Lim it ed o n
b eh alf o f Blair Tu r n b u ll
Registered holder(s) once transfers are registered:
N/A
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
N/A
Class of underlying financial products:
N/A
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of
underlying financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically
settled:
N/A
Maturity date of the derivative (if any):
N/A
Expiry date of the derivative(if any):
N/A
The price specified in the terms of the derivative (if any):
N/A
Any other details needed to understand how the amount of the
consideration payable under the derivative or the value of the derivative is
affected by the value of the underlying financial products:
N/A
For that derivative,-
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the nature
of the relevant interest in the derivative:
N/A
Any other details needed to understand how the amount of the
consideration payable under the derivative or the value of the derivative is
affected by the value of the underlying financial products:
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: One

Details of transactions requiring disclosure-
Date of transaction:9/03/2022
Nature of transaction: Implementation of Tower Limited's capital
return to shareholders whereby the company
cancelled 1 share for every 10 shares held on
the record date of 8 March 2022
Name of any other party or parties to the transaction (if known):N/A
The consideration, expressed in New Zealand dollars, paid or received for
the acquisition or disposal. If the consideration was not in cash and cannot
be readily by converted into a cash value, describe the consideration:
NZ$0.72 per share totalling (1) NZ$29,556
Blair Turnbull
(2) NZ$283 Sharesies Nominee Limited on
behalf of Blair Turnbull
Number of financial products to which the transaction related:
(1) 41,050 Blair Turnbull
(2) 394 Sharesies Nominee Limited on behalf
of Blair Turnbull
If the issuer has a financial products trading policy that prohibits directors
or senior managers from trading during any period without written
clearance (a closed period) include the following details—
Whether relevant interests were acquired or disposed of during a closed
period:
N/A
Whether prior written clearance was provided to allow the acquisition or
disposal to proceed during the closed period:
N/A
Date of the prior written clearance (if any):
N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:N/A
Nature of relevant interest:N/A
For that relevant interest,-
Number held in class:N/A
Current registered holder(s):N/A
For a derivative relevant interest,-
Type of derivative:N/A
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of
underlying financial products (if any):
N/A
A statement as to whether the derivative is cash settled or physically
settled:
N/A
Maturity date of the derivative (if any):N/A
Expiry date of the derivative (if any):N/A
The price's specified terms (if any):N/A
Any other details needed to understand how the amount of the
consideration payable under the derivative or the value of the derivative is
affected by the value of the underlying financial products:
N/A
For that derivative relevant interest,-
N/A
Parties to the derivative: N/A
If the director or senior manager is not a party to the derivative, the nature
of the relevant interest in the derivative:
N/A
Certification
I, certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to
make this disclosure by all persons for whom it is made.
Signature of director or officer:
Date of signature:
28-Mar-22
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
Name and title of authorised person:
Notes
Use this form to disclose all the acquisitions and disposals by a director or
senior manager of a listed issuer, or of a related body corporate, or in
specified derivatives. The disclosure must be made within:
(a) 20 working days after the first acquisition or disposal disclosed in this
notice if the aquisitions or disposals are of a kind referred to in section
297(2)(a) of the Financial Markets Conduct Act 2013; or
(b) in any other case, 5 trading days after the first acquisition or disposal
disclosed in this notice.