Issue of unlisted share rights under Tower Limited’s LTIP

13 January 2023 Issue of unlisted share rights under Tower Limited's Long Term Incentive Plan Please see attached Capital Change Notice pursuant to NZX listing rule 3.13.1. This notice relates to the issue of share rights in respect of 1, 946,557 ordinary shares to key employees. The share rights are being issued pursuant to the Tower Limited Long Term Incentive Plan. This announcement is authorised by Michael Stiassny, Chair. ENDS For media enquiries, please contact in the first instance: Emily Davies Head of Corporate Affairs and Sustainability +64 21 815 149 emily.davies@tower.co.nz End CA:00405325 For:TWR Type:SECISSUE Time:2023-01-13 11:28:49