Bain Capital sell-down allocated

01/04/2025 08:30 NZDT, MKTUPDTEP

1 April 2025

Market Information

NZX Limited

Level 2, NZX Centre

11 Cable Street

WELLINGTON

Company Announcements Office

ASX Limited

Exchange Centre

Level 6, 20 Bridge Street

Sydney NSW 2000

AUSTRALIA

Bain Capital sell-down allocated

Tower Limited (“Tower”) has received confirmation from Bain Capital that the full shareholding of 68,306,802 shares in Tower (held by Dent Issuer Designated Activity Company) has been allocated to investors as further set out in its substantial product holder notice dated 1 April 2025.

Accordingly, further to Tower’s trading halt application of 30 March 2025, Tower has requested the lifting of the trading halt on each of NZX and ASX with effect from the open of trading on each exchange on 1 April 2025.

ENDS

This announcement has been authorised by Michael Stiassny, Chair.

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

For investor enquiries, please contact:

James Silcock

Head of Strategy, Planning and Investor Relations

+64 22 395 9327

james.silcock@tower.co.nz