Annual Shareholder Meeting Results

14 February 2020 Market Information NZX Limited Level 1, NZX Centre 11 Cable Street Wellington New Zealand Company Announcements Office Australian Stock Exchange Limited Exchange Centre Level 6, 20 Bridge Street Sydney NSW 2000 Australia RESULTS OF ANNUAL SHAREHOLDER MEETING At Tower Limited's annual shareholder meeting, held in Auckland on 14 February 2020, shareholders were asked to vote on three resolutions, which were supported by the Board. The resolutions passed by shareholders were: o To record the reappointment of PricewaterhouseCoopers as auditor of Tower Limited and to authorise the Directors to fix the auditor's remuneration for the coming year o To re-elect Michael Stiassny as a director The resolution not passed by shareholders were: o To alter the existing constitution in accordance with the amendments tabled at the meeting and signed by the Chair for the purpose of identification, with effect from the close of the Annual Meeting Although the above resolution was not passed Tower's current constitution requires that the Main Board Rules of NZX, as modified from time to time, are incorporated into the constitution, and that in the event of inconsistency, the provisions of the Main Board Rules will prevail. Detail of the total number of votes cast in person or by a proxy holder are: Resolution 1 To record the reappointment of PricewaterhouseCoopers as auditor of Tower Limited and to authorise the Directors to fix the auditor's remuneration for the coming year For: 226,193,051, 99.52% Against: 1,097,228, 0.48% Abstain: 51,091 Resolution 2 To re-elect Michael Stiassny as a director For: 222,998,281, 98.10% Against: 4,311,556, 1.90% Abstain: 31,533 Resolution 3 To alter the existing constitution in accordance with the amendments tabled at the meeting and signed by the Chair for the purpose of identification, with effect from the close of the Annual Meeting For:142,612,595, 62.75% Against: 84,656,597, 37.25% Abstain: 72,178 Hannah Snelling Company Secretary Tower Limited ARBN 088 481 234 Incorporated in New Zealand For media queries, please contact: Nicholas Meseldzija Head of Corporate Affairs and Reputation Mobile: +64 21 531 869 Email: Nicholas.meseldzija@tower.co.nz End CA:00348428 For:TWR Type:MEETING Time:2020-02-14 13:01:29