Ann: CREDIT: TWR: TOWER Group Credit Ratings

• Release Date: 30/07/12 11:13
• Summary: CREDIT: TWR: TOWER Group Credit Ratings
• Price Sensitive: No
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TWR
30/07/2012 09:13
CREDIT

REL: 0913 HRS Tower Limited

CREDIT: TWR: TOWER Group Credit Ratings

30 July 2012

Market Information
NZX Limited
Level 2, 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

TOWER Group Credit Ratings

Global rating organisation A.M. Best Company has affirmed its ratings of
companies in the TOWER Limited Group as set out below:

? 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:00225431 For:TWR    Type:CREDIT     Time:2012-07-30 09:13:52