Tower AUD FX Rate for Financial Year 2025 Final Dividend

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




20 January 2026

Tower AUD FX Rate for Financial Year 2025 Final Dividend

On 27 November 2025 Tower Limited (NZX/ASX:TWR) announced a final dividend for Financial Year 2025 of NZD
16.5 cents per share, plus a supplementary dividend for non-residents of NZD 2.911765 cents per share.

The foreign exchange rate used for Tower’s final dividend paid to Australian investors in AUD has been set at
$0.84944500 AUD. Dividends will be paid on 29 January 2026.

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


ENDS


This announcement has been authorised by Tower CEO, Paul Johnston.


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


For investor queries, please contact:
James Silcock
Head of Strategy, Planning and Investor Relations
+64 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
20/1/2026
Reason for the Update
Confirmation of the foreign exchange rate used for the Tower Limited 2025 final dividend paid to Australian investors in
AUD has been set at 0.84944500
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 2025 final dividend paid to Australian investors in
AUD has been set at 0.84944500
1.4b Date of previous announcement(s) to this update
27/11/2025
1.5 Date of this announcement
20/1/2026
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 twelve months
2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)
30/9/2025
2A.4 +Record Date
15/1/2026
2A.5 Ex Date
14/1/2026
2A.6 Payment Date
Ordinary
Update/amendment to previous announcement

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2A.6 Payment Date
29/1/2026
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 0.19411765
2A.9a AUD equivalent to total dividend/distribution
amount per +security
AUD 0.16489227
2A.9b If AUD equivalent not known, date for information
to be released
22/1/2026
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 1.17723926
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
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
0.84944500
2B.2a Other currency/currencies in which the dividend/distribution will be paid:
CurrencyPayment currency equivalent amount per security
AUD - Australian DollarAUD 0.16489227
2B.2b Please provide the exchange rates used for non-primary currency payments
Payment to shareholders on the Australian Register will be calculated on the NZD/AUD foreign exchange rate 0.84944500
2B.2c If payment currency equivalent and exchange
rates not known, date for information to be released
22/12/2025
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 0.16500000
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 0.16500000
Part 3F - NZD declared dividends/distributions - supplementary dividend/distribution
3F.1 Is a supplementary dividend/distribution payable?
No
No
No
Actual

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3F.2 Is the supplementary dividend/distribution
estimated at this time?
3F.2a Supplementary dividend/distribution estimated
amount per +security
NZD
3F.2b Supplementary dividend/distribution amount per +security
NZD 0.02911765
3F.3 Is the Supplementary dividend/distribution franked?
3F.4 Percentage of Supplementary dividend/distribution
that is franked
0.0000 %
3F.4a Applicable corporate tax rate for franking credit
(%)
%
3F.5 Supplementary dividend/distribution franked
amount per +security
NZD 0.00000000
3F.6 Percentage of Supplementary dividend/distribution
that is unfranked
100.0000 %
3F.7 Supplementary dividend/distribution unfranked amount per security
NZD 0.02911765
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
Yes