Capital Return to Shareholders Implemented

9 March 2022 Market Information NZX Limited Level 1, NZX Centre 11 Cable Street WELLINGTON Company Announcements Office ASX Limited Exchange Centre Level 6, 20 Bridge Street Sydney NSW 2000 AUSTRALIA Capital Return to Shareholders Implemented Tower Limited has today implemented its capital return of approximately NZ$30.4m to its shareholders. As part of the capital return, 1 ordinary share for every 10 ordinary shares held by shareholders on 8 March 2022 has been cancelled, with fractions rounded up or down to the nearest whole share (with 0.5 rounded down). The total number of shares on issue following the capital return is 379,483,987. Payments to shareholders will be processed by 22 March 2022 in accordance with the terms of the capital return. Blair Turnbull Chief Executive Officer Tower Limited For media enquiries, please contact in the first instance: Emily Davies Head of Corporate Affairs and Reputation +64 21 815 149 emily.davies@tower.co.nz End CA:00388590 For:TWR Type:CORPACT Time:2022-03-09 11:47:57