TWR 0.00% 79.5¢ tower limited ordinary shares

Ann: DIRECTOR: TWR: TOWER appoints new director

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    TWR
    12/10/2012 11:17
    DIRECTOR
    
    REL: 1117 HRS Tower Limited
    
    DIRECTOR: TWR: TOWER appoints new director
    
    For immediate release
    
    12 October 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 appoints Michael Stiassny to Board
    
    (Auckland - NZ) TOWER Limited today announces the appointment of Mr Michael
    Stiassny as a Director of the Boards of TOWER Limited and TOWER Capital
    Limited.
    
    Mr Stiassny is a chartered accountant and senior partner of KordaMentha,
    based in Auckland, which specialises in financial consulting work.  He has
    both a Commerce and Law degree from the University of Auckland.
    
    He is currently Chairman of Vector Limited, as well as a director of a number
    of public and private companies.  Mr Stiassny is a Fellow of Institute of
    Directors (FinstD) and Council Member of Institute of Directors in New
    Zealand Inc.
    
    TOWER's Interim Chairman, Steve Smith, said that the directors were pleased
    to have someone with the commercial, financial and governance experience of
    Mr Stiassny join the Board, as the company looks to assess and implement
    opportunities flowing from TOWER's strategic review.
    
    The Boards of TOWER Limited and TOWER Capital Limited have determined that Mr
    Stiassny is an independent director of both companies.
    
    Ends
    
    Rob Flannagan
    Group Managing Director
    TOWER Limited
    Tel:  +64 9 369 2279
    ARBN 088 481 234 Incorporated in New Zeala
    End CA:00228386 For:TWR    Type:DIRECTOR   Time:2012-10-12 11:17:56
    				
 
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