Issue of unlisted share rights under Tower's LTIP

21 January 2026 Issue of unlisted share rights under Tower's LTIP Please see attached Capital Change Notice pursuant to NZX listing rule 3.13.1. This notice relates to the issue of share rights in respect of 1,029,302 ordinary shares to employees. The share rights are being issued pursuant to the Tower Limited Long Term Incentive Plan. This announcement is authorised by Michael Stiassny, Chair. For media enquiries, please contact: 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