Rights Offer – Notification to Ineligible Shareholders

Attached is the letter to ineligible shareholders prepared in connection with the Tower Limited renounceable rights offer announced on 14 November 2017. Personalised copies of this letter will be circulated to ineligible shareholders by 27 November 2017. ENDS David Callanan Company Secretary Tower Limited ARBN 088 481 234 Incorporated in New Zealand End CA:00310432 For:TWR Type:OFFER Time:2017-11-16 10:54:51