Tower AUD FX Rate for Financial Year 2024 Interim Dividend

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



20 June 2024


Tower AUD FX Rate for Financial Year 2024 Interim Dividend
On Tuesday 28 May 2024 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 $0.91533200 AUD. Dividends will be paid on 27 June 2024.
Attached is an updated ASX Appendix 3A.1 Notification of Dividend/Distribution released to the ASX.
ENDS

This announcement has been authorised by Tower Chief Executive, Blair Turnbull.

For media enquiries, please contact:
Emily Davies
Head of Corporate Affairs and Sustainability
+64 21 815 149
emily.davies@tower.co.nz

For investor enquiries, please contact:
James Silcock
Head of Strategy, Planning and Investor Relations
+61 22 395 9327
James.silcock@tower.co.nz

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Appendix 3A.1 - Notification of dividend / distribution
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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
20/6/2024
Reason for the Update
Confirmation of the foreign exchange rate used for the Tower Limited 2024 interim dividend paid to Australian investors in
AUD has been set at 0.91533200
Additional Information
N/A
Refer to below for full details of the announcement

Appendix 3A.1 - Notification of dividend / distribution
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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 2024 interim dividend paid to Australian investors in
AUD has been set at 0.91533200
1.4b Date of previous announcement(s) to this update
28/5/2024
1.5 Date of this announcement
20/6/2024
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)
31/3/2024
2A.4 +Record Date
13/6/2024
2A.5 Ex Date
12/6/2024
2A.6 Payment Date
Ordinary
Update/amendment to previous announcement

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2A.6 Payment Date
27/6/2024
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 0.03000000
2A.9a AUD equivalent to total dividend/distribution
amount per +security
AUD 0.02745996
2A.9b If AUD equivalent not known, date for information
to be released
20/6/2024
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 1.09249977
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.).
2B.2 Please provide a description of your currency arrangements
Yes
No
We do not have a securities plan for dividends/distributions
on this security
Yes
Actual
No

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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 of
0.91533200
2B.2a Other currency/currencies in which the dividend/distribution will be paid:
CurrencyPayment currency equivalent amount per security
AUD - Australian DollarAUD 0.02745996
2B.2b Please provide the exchange rates used for non-primary currency payments
NZD/AUD 0.91533200
2B.2c If payment currency equivalent and exchange
rates not known, date for information to be released
20/6/2024
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 0.03000000
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 0.03000000
Part 3F - NZD declared dividends/distributions - supplementary dividend/distribution
3F.1 Is a supplementary dividend/distribution payable?
No
No
No
No
Actual

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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