Tower to acquire Youi NZ insurance portfolio/raise capital

24 September 2019 Market Information NZX Limited Level 1, NZX Centre 11 Cable Street Wellington New Zealand Company Announcements Office ASX Limited Exchange Centre Level 6, 20 Bridge Street Sydney NSW 2000 Australia Tower Limited Tower to acquire Youi NZ insurance portfolio and raise capital Please find enclosed the following for release to the market in relation to Tower Limited's (NZX: TWR; ASX: TWR) acquisition of Youi NZ insurance portfolio and capital raise: 1. Media release 2. Presentation ENDS Hannah Snelling Company Secretary TOWER Limited ARBN 088 481 234 Incorporated in New Zealand For media queries, please contact: Nicholas Meseldzija Head of Corporate Communications Mobile: +64 21 531 869 Email: Nicholas.meseldzija@tower.co.nz End CA:00341433 For:TWR Type:TRANSACT Time:2019-09-24 08:30:44