AM Best affirms Tower Limited's A- (Excellent) FSR

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

28 April 2025

AM Best affirms Tower Limited’s A- (Excellent) Financial Strength Rating

Global credit rating agency AM Best has affirmed Tower Limited’s Financial Strength Rating as A- (Excellent)
and its Long-Term Issuer Credit Rating as a- (Excellent) – both with a stable outlook – following its annual
review.

AM Best highlighted that the ratings reflect Tower’s balance sheet strength, which AM Best assesses as very
strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise
risk management.

Tower Chair, Michael Stiassny noted the AM Best rating affirmation acknowledged Tower’s financial
stability, performance and risk management. He added, “Tower’s strategy is now well embedded
positioning us to deliver long-term shareholder returns.”

For further details of Tower’s AM Best rating, visit: AM Best Affirms Credit Ratings of Tower Limited
[news.ambest.com].


ENDS

This announcement has been authorised by Michael Stiassny, Chair, Tower Limited.

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