Tower AUD FX Rate for FY22 Interim Dividend

Level 5, 136 Fanshawe Street
Auckland 1142, New Zealand
ARBN 645 941 028
Incorporated in New Zealand


22 June 2022

Market Information
NZX Limited
Level 2, NZX Centre
11 Cable Street
Wellington
New Zealand

Company Announcements Office
Australian Securities Exchange Limited
Exchange Centre
Level 6, 20 Bridge Street
Sydney NSW 2000
Australia

Tower AUD FX Rate for FY 2022 Interim Dividend

On Thursday 26 May 2022 Tower Limited (Tower) (NZX/ASX:TWR) announced an interim dividend.

The foreign exchange rate used for Tower’s interim dividend paid to Australian investors in AUD has been set at
$0.90357 AUD. Dividends will be paid on 30 June 2022.

Attached is an updated ASX Appendix 3A.1 Notification of Dividend/Distribution released to the ASX.

ENDS

This announcement has been authorised by Blair Turnbull, CEO, 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

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Update Summary
Entity name
TOWER LIMITED
Security on which the Distribution will be paid
TWR - ORDINARY FULLY PAID FOREIGN EXEMPT NZX
Announcement Type
Update to previous announcement
Date of this announcement
22/6/2022
Reason for the Update
Confirmation of the foreign exchange rate used for the Tower Limited 2022 interim dividend paid to Australian investors in
AUD has been set at 0.90357
Additional Information
N/A
Refer to below for full details of the announcement

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Announcement Details
Part 1 - Entity and announcement details
1.1 Name of +Entity
TOWER LIMITED
1.2 Registered Number Type
ARBN
Registration Number
645941028
1.3 ASX issuer code
TWR
1.4 The announcement is
1.4a Reason for update to a previous announcement
Confirmation of the foreign exchange rate used for the Tower Limited 2022 interim dividend paid to Australian investors in
AUD has been set at 0.90357
1.4b Date of previous announcement(s) to this update
26/5/2022
1.5 Date of this announcement
22/6/2022
1.6 ASX +Security Code
TWR
ASX +Security Description
ORDINARY FULLY PAID FOREIGN EXEMPT NZX
Part 2A - All dividends/distributions basic details
2A.1 Type of dividend/distribution
2A.2 The Dividend/distribution:
relates to a period of six months
2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)
31/3/2022
Ordinary
Update/amendment to previous announcement

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2A.4 +Record Date
16/6/2022
2A.5 Ex Date
15/6/2022
2A.6 Payment Date
30/6/2022
2A.7 Are any of the below approvals required for the dividend/distribution 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 before business day 0 of the timetable for the
dividend/distribution.
2A.8 Currency in which the dividend/distribution is made ("primary currency")
NZD - New Zealand Dollar
2A.9 Total dividend/distribution payment amount per
+security (in primary currency) for all
dividends/distributions notified in this form
NZD 0.02500000
2A.9a AUD equivalent to total dividend/distribution
amount per +security
AUD 0.02258900
2A.9b If AUD equivalent not known, date for information
to be released
22/6/2022
Estimated or Actual?
2A.9c FX rate (in format AUD 1.00 / primary currency
rate): AUD
AUD 1.00
FX rate (in format AUD rate/primary currency rate)
Primary Currency rate
NZD 1.10673000
2A.10 Does the entity have arrangements relating to the
currency in which the dividend/distribution is paid to
securityholders that it wishes to disclose to the market?
2A.11 Does the entity have a securities plan for
dividends/distributions on this +security?
2A.12 Does the +entity have tax component information
apart from franking?
2A.13 Withholding tax rate applicable to the dividend/distribution (%)
15.000000 %
No
We do not have a securities plan for
dividends/distributions on this security
Yes
Actual
No

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Part 2B - Currency Information
2B.1 Does the entity default to payment in certain currencies dependent upon certain attributes such as the
banking instruction or registered address of the +securityholder? (For example NZD to residents of New Zealand
and/or USD to residents of the U.S.A.).
2B.2 Please provide a description of your currency arrangements
Payment to shareholders on the Australian register will be calculated on the NZD/AUD foreign exchange rate of 0.90357
2B.2a Other currency/currencies in which the dividend/distribution will be paid:
CurrencyPayment currency equivalent amount per security
AUD - Australian DollarAUD 0.02258900
2B.2b Please provide the exchange rates used for non-primary currency payments
NZD/AUD 0.90357
2B.2c If payment currency equivalent and exchange
rates not known, date for information to be released
22/6/2022
Estimated or Actual?
2B.3 Can the securityholder choose to receive a currency different to the currency they would receive under the
default arrangements?
Part 3A - Ordinary dividend/distribution
3A.1 Is the ordinary dividend/distribution estimated at
this time?
3A.1a Ordinary dividend/distribution estimated amount
per +security
NZD
3A.1b Ordinary Dividend/distribution amount per
security
NZD 0.02500000
3A.2 Is the ordinary dividend/distribution franked?
3A.3 Percentage of ordinary dividend/distribution that is
franked
0.0000 %
3A.5 Percentage amount of dividend which is unfranked
100.0000 %
No
No
No
Actual
Yes

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3A.4 Ordinary dividend/distribution franked amount per
+security
NZD 0.00000000
3A.6 Ordinary dividend/distribution unfranked amount
per +security excluding conduit foreign income amount
NZD 0.02500000
Part 3F - NZD declared dividends/distributions - supplementary dividend/distribution
3F.1 Is a supplementary dividend/distribution payable?
Part 5 - Further information
5.1 Please provide any further information applicable to this dividend/distribution
N/A
5.2 Additional information for inclusion in the Announcement Summary
N/A
No