TZL 4.00% 7.2¢ tz limited

appendix 3b, page-5

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    TZ Limited (the "Company") advises that on 4 March 2010 it issued 150,000
    unlisted options (the Options) to Mr Howard Todd Horberg (Horberg) in full
    and final settlement of litigation relating to an alleged failure by the Company to
    issue securities to Horberg under an alleged agreement between the Company
    and Horberg entered into in August 2008.
    An Appendix 3B is attached in respect of the Options issued by the Company.
 
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