ALLOT: TWR: Tower Ltd -Shares Issued under Dividend Reinvestment Plan

2 Jul 2010 11:30 am

TWR 02/07/2010 ALLOT

REL: 1130 HRS Tower Limited

ALLOT: TWR: Tower Ltd -Shares Issued under Dividend Reinvestment Plan

TOWER Limited - Shares Issued under Dividend Reinvestment Plan

In accordance with NZX Listing Rule 7.12.1 and ASX Listing Rule 3.10.5, TOWER Limited (Company) advises that it has issued 1,912,303 ordinary shares pursuant to the Company's Dividend Reinvestment Plan on 2 July 2010.

Details of the issue are as follows:

(a) Class of security and ISIN: Ordinary shares, ISIN NZTWRE0001S3 (b) Number of securities issued: 1,912,303 (c) Issue price: NZ$1.82 per share (d) Payment in cash: Yes (e) Amount paid up: Fully paid (f) Percentage of total class of securities: 0.73% (g) Reason for issue: Dividend Reinvestment Plan (h) Specific authority for issue: Directors' resolution (i) Terms or detail of issue: Dividend Reinvestment Plan Offer Document (j) Total number of securities of the class after issue: 260,631,787 (k) Treasury stock: Not applicable (l) Date of issue: 2 July 2010

In accordance with the ASX Listing Rules, an Appendix 3B seeking quotation for the shares issued under the Dividend Reinvestment Plan is attached.

Yours faithfully

Bronwyn Walsh Company Secretary & Compliance Manager TOWER Limited ARBN 088 481 234 Incorporated in New Zealand End CA:00196874 For:TWR Type:ALLOT Time:2010-07-02:11:30:12

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