Quotation Notice: Tower Limited Renounceable Rights (TWRRC)

QUOTATION NOTICE: NZX MAIN BOARD TOWER LIMITED - RENOUNCEABLE RIGHTS ("TWRRC") Company: Tower Limited ("TWR") Tradeable Rights Code: TWRRC ISIN: NZTWRE0009S6 Details of Offer: An underwritten pro rata renounceable rights offer of 1 New Share for every 1 Existing Share held on the Record Date. Ratio (New : Existing): 1 : 1 Exercise Price: NZD $0.42 per New Share Issue Price Payable: In full on application Ex Rights Date: Tuesday, 21 November 2017 Rights Commence Trading: Tuesday, 21 November 2017 Record Date: 7:00pm Wednesday, 22 November 2017 Letters of Entitlement sent to Shareholders: By Monday, 27 November 2017 Offer Opens: Tuesday, 21 November 2017 Offer Closes: 7:00pm Wednesday, 13 December 2017 Rights Quotation Ceases: Thursday, 7 December 2017 Allotment of New Shares: Wednesday, 20 December 2017 Registrar: Computershare Investor Services Limited ("RMLT") Settlement Status: NZCDC Settlement System Commencement of Trading of New Shares: Wednesday, 20 December 2017 Mark Peterson Chief Executive Officer NZX Limited 15 November 2017 End CA:00310361 For:TWR Type:OFFER Time:2017-11-15 14:30:53