Vero Sells 19.99% Shareholding

8 March 2018 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 VERO SELLS 19.99% SHAREHOLDING Tower Limited (NZX/ASX: TWR) notes that Vero has sold its 19.99% stake in Tower to Bain Capital Credit. Tower welcomes its new largest shareholder, Bain Capital Credit, and looks forward to working with them. Tower remains focussed on continuing to improve performance and accelerating its transformation into a digital challenger. ENDS TOWER Michael Stiassny Chairman Tower Limited ARBN 088 481 234 Incorporated in New Zealand To arrange media interviews, please contact in the first instance: Nicholas Meseldzija Head of Corporate Communications Tower Limited Mobile: +64 21 531 869 Email: nicholas.meseldzija@tower.co.nz End CA:00315272 For:TWR Type:GENERAL Time:2018-03-08 10:52:28