GENERAL: TWR: AM Best Company Ratings

2 Aug 2010 4:41 pm

TWR 02/08/2010 GENERAL

REL: 1641 HRS Tower Limited

GENERAL: TWR: AM Best Company Ratings

AM Best Company Ratings

2 August 2010

Market Information NZX Limited Level 2, NZX Centre 11 Cable Street PO Box 2959 Wellington New Zealand

Company Announcements Office Australian Stock Exchange Limited Exchange Centre Level 6, 20 Bridge Street Sydney NSW 2000 AUSTRALIA

TOWER Group Credit Ratings

Global rating organisation A.M. Best Company has affirmed its ratings of companies in the TOWER Limited group.

The following were announced on 30 July 2010 by A.M. Best Company:

- TOWER Health & Life Limited: financial strength rating A- (Excellent) issuer credit rating a-

- TOWER Insurance Limited: financial strength rating A- (Excellent) issuer credit rating a-

- TOWER Life (N.Z.) Limited: financial strength rating A- (Excellent) issuer credit rating a-

- TOWER Limited: issuer credit rating bbb-

A copy of the A. M. Best news release is attached.

Yours faithfully

Bronwyn Walsh Company Secretary & Compliance Manager TOWER Limited ARBN 088 481 234 Incorporated in New Zealand End CA:00197923 For:TWR Type:GENERAL Time:2010-08-02:16:41:32

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