Results of Annual Shareholder Meeting

Market Information
NZX Limited
Level 1, NZX Centre
11 Cable Street
Wellington
New Zealand

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

2 February 2022

RESULTS OF ANNUAL SHAREHOLDER MEETING

At Tower Limited’s annual shareholder meeting, held online via Computershare on 2 February 2022, shareholders were asked to vote on five resolutions, which were supported by the Board.

The five resolutions, which were passed by shareholders, were:

1. That the Board be authorised to determine the auditor’s fees and expenses for the 2022 financial year.
2. That Warren Lee, who retires on rotation in accordance with NZX Listing Rule 2.7.1, be re-elected as a Director of Tower.
3. That Graham Stuart, who retires on rotation in accordance with NZX Listing Rule 2.7.1 be re-elected as a Director of Tower.
4. That Marcus Nagel, who retires on rotation in accordance with NZX Listing Rule 2.7.1 be re-elected as a Director of Tower.
5. That the scheme of arrangement relating to the return of capital to shareholders, as set out in the Arrangement Document annexed to the Notice of Meeting, dated 22 December 2021, be approved.

As required by the NZX Listing Rules, voting was conducted by poll. Details of the total number of votes cast in person or by a proxy holder are:

Resolution 1:
That the Board be authorised to determine the auditor’s fees and expenses for the 2022 financial year
For:143,437,244 (99.20%)
Against:1,150,820 (0.80%)
Abstain:2,923,531

Resolution 2:
That Warren Lee, who retires on rotation in accordance with NZX Listing Rule 2.7.1, be re-elected as a Director of Tower
For:143,896,659 (99.54%)
Against:664,970 (0.46%)
Abstain: 2,949,966

Resolution 3:
That Graham Stuart, who retires on rotation in accordance with NZX Listing Rule 2.7.1 be re-elected as a Director of Tower
For:137,505,568 (95.12%)
Against:7,056,061 (4.88%)
Abstain:2,949,966

Resolution 4:
That Marcus Nagel, who retires on rotation in accordance with NZX Listing Rule 2.7.1 be re-elected as a Director of Tower.
For: 144,176,722 (99.74%)
Against: 381,823 (0.26%)
Abstain: 2,953,050

Resolution 5:
That the scheme of arrangement relating to the return of capital to shareholders, as set out in the Arrangement Document annexed to the Notice of Meeting, dated 22 December 2021, be approved
For: 146,101,721 (99.46%)
Against: 790,839 (0.54%)
Abstain: 832,672


ENDS

This announcement is authorised by:
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
[email protected]

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