Tower AUD FX Rate for Financial Year 2022 Final Dividend

Level 5, 136 Fanshawe Street
Auckland 1142, New Zealand
ARBN 645 941 028
Incorporated in New Zealand
Classification: Sensitive
25 January 2023
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 Financial
Year 2022 Final Dividend

On Wednesday 23 November 2022 Tower Limited (Tower) (NZX/ASX:TWR) announced a final dividend.
The foreign exchange rate used for Tower’s final dividend paid to Australian investors in AUD has been set
at $0.91591900 AUD. Dividends will be paid on 1 February 2023.
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 Sustainability
+64 21 815 149
emily.davies@tower.co.nz

Notification of dividend / distribution
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Announcement Summary
Entity name
TOWER LIMITED
Security on which the Distribution will be paid
TWR - ORDINARY FULLY PAID FOREIGN EXEMPT NZX
Announcement Type
New announcement
Date of this announcement
23/11/2022
Distribution Amount
NZD 0.04000000
Ex Date
17/1/2023
Record Date
18/1/2023
Payment Date
1/2/2023
Refer to below for full details of the announcement
Update/amendment to previous:
Reason for update:
Confirmation of the foreign exchange rate used for the Tower Limited 2022 final dividend paid
to Australian investors in AUD has been set at 0.915919
25/01/2023
Date of previous announcement to this update:
23/11/2022
No change
No change
No change
No change

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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
1.5 Date of this announcement
23/11/2022
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)
30/9/2022
2A.4 +Record Date
18/1/2023
2A.5 Ex Date
17/1/2023
Ordinary
New announcement
No change
No change
No change
No change
Update/amendment to previous:
1.4a: Reason for 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 0.915919
1.4b: Date of previous announcement to this update:
23/11/2022
25/01/2023
No change
No change
No change
No change
No change
No change
No change

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2A.6 Payment Date
1/2/2023
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 0.04000000
2A.9a AUD equivalent to total dividend/distribution
amount per +security
AUD
2A.9b If AUD equivalent not known, date for information
to be released
25/1/2023
Estimated or Actual?
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 %
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.).
Yes
No
We do not have a securities plan for
dividends/distributions on this security
Yes
Actual
No
No change
No change
No change
No change
$8D
N/A
No change
2A9C ); rate in format $8D rate/primar\
currenc\ rate 3rimar\ &urrenc\ rate N='
79660
No change
No change
No change
No change
No change

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2B.2 Please provide a description of your currency arrangements
Payment to shareholders on the Australian register will be calculated on the AUD/NZD foreign exchange rate
2B.2a Other currency/currencies in which the dividend/distribution will be paid:
CurrencyPayment currency equivalent amount per security
AUD - Australian DollarAUD
2B.2b Please provide the exchange rates used for non-primary currency payments
2B.2c If payment currency equivalent and exchange
rates not known, date for information to be released
25/1/2023
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 0.04000000
3A.2 Is the ordinary dividend/distribution franked?
3A.3 Percentage of ordinary dividend/distribution that is
franked
0.0000 %
3A.4 Ordinary dividend/distribution franked amount per
+security
NZD 0.00000000
3A.5 Percentage amount of dividend which is unfranked
100.0000 %
3A.6 Ordinary dividend/distribution unfranked amount
per +security excluding conduit foreign income amount
NZD 0.04000000
No
No
No
Actual
Payment to shareholders on the Australian register
will be calculated on the NZD/AUD foreign
exchange rate of 0.915919
No change
0.03663676
NZD/AUD 0.915919
N/A
No change
No change
No change
No change
No change
No change
No change
No change
No change
No change

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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
5.2 Additional information for inclusion in the Announcement Summary
No
No change
N/A
N/A