DRP: TWR: DRP strike price & AUD exchange rate

28 Jun 2010 8:51 am

TWR 28/06/2010 DRP

REL: 0851 HRS Tower Limited

DRP: TWR: DRP strike price & AUD exchange rate

TOWER Limited - Issue price for Dividend Reinvestment Plan and exchange rate for payment to Australian shareholders

TOWER Limited advises in relation to the interim dividend of 4 cents per share, net of tax, payable on 2 July 2010 that:

- The issue price of shares to be issued to participants in TOWER's Dividend Reinvestment Plan is NZ$1.82 per share, being 97.5% of the weighted average sale price of TOWER's shares on the NZSX on the five trading days following the record date of 18 June 2010. - The NZD:AUD exchange rate on the record date, which will be used to calculate the cash dividend payable in AUD to shareholders on the company's Australian register, was 0.8104. End CA:00196595 For:TWR Type:DRP Time:2010-06-28:08:51:59

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