TWR
06/05/2014 15:50
SSH

REL: 1550 HRS Tower Limited

SSH: TWR: SSH Notice - AMP Capital Investors (New Zealand) Limited

Disclosure of movement of 1% or more in substantial holding or change in
nature of relevant interest or both
Section 23 and 24, Securities Markets Act 1988

 Relevant event being disclosed:   Change in the number of voting securities
in which a substantial security holder has a relevant interest (section
23(2))

  To:  NZX

  And:   Tower Ltd

 Date this disclosure made:  06-May-2014

 Date of relevant event:  05-May-2014

 Date last disclosure made:  04-Feb-2014

 Substantial security holder(s) giving disclosure

 Name(s):     AMP Capital Investors (New Zealand) Limited and AMP Capital
Investors Limited

 Contact details:   Nikke Remnant, +64 4 494 2294,
Nikke.Remnant@ampcapital.co.nz

 Summary of substantial holding to which disclosure relates

 Class of listed voting securities:  Ordinary Shares in TWR

 Summary for:     AMP Capital Investors (New Zealand) Limited and AMP
Capital Investors Limited

 For this disclosure,--

 (a) total number held in class:     16,503,731

 (b) total in class:   178,145,130

 (c) total percentage held in class:   9.26%

  For last disclosure,--

  (a) total number held in class:      18,302,661

  (b) total in class:     207,193,438

  (c) total percentage held in class:    10.27%

 Details of transactions and events giving rise to relevant event

 Details of the transactions or other events requiring disclosure under the
instructions to this form: Sale of 1,798,930 Shares between 04-Feb-2014 and
05-May-2014

 Details of relevant interests currently in substantial holding

Details for:  AMP Capital Investors (NZ) Limited

Nature of relevant interest(s):   In its capacity as investment manager for
various superannuation funds, institutional investor portfolios and unit
trusts has the power to exercise, or control the exercise of, a right to vote
attached to the securities and has the power to dispose of, or control the
exercise of a power to dispose of, the securities.

For that relevant interest,--

(a) number held in class:   16,503,731

(b) current registered holder(s) of securities:  See Schedule One

(c) registered holder(s) of securities once transfers registered:   Not
applicable

 Additional information
 Nature of connection between substantial security holders:   AMP Capital
Investors (New Zealand) Limited and AMP Capital Investors Limited are the
Investment Managers for beneficial owners of the  TWR shares.

 Address(es) of substantial security holder(s):  C/- Ground Floor, PWC
Building, 113-119 The Terrace, Wellington

 Name of any other person believed to have given, or believed to be required
to give, a disclosure under the Act in relation to the securities to which
this disclosure relates:  not applicable

 Declaration
  I, Nikke Remnant, declare that, to the best of my knowledge and belief, the
information contained in this disclosure is correct and that I am duly
authorised to make this disclosure by all persons for whom it is made.
End CA:00250143 For:TWR    Type:SSH        Time:2014-05-06 15:50:32


                        
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