LETTER FROM THE CHAIRMAN

12 December 2008

Dear Shareholder

I am pleased to invite you to the second Annual General Meeting of TOWER Australia Group Limited (TOWER Australia) to be held at the Barnet Long Room, Customs House, Level 1, 31 Alfred Street, Circular Quay, Sydney on 11 February 2009 commencing at 10.00am (Sydney time).

At the Annual General Meeting, you will be asked to vote on the election of four Directors. Further background material on these elections is set out on pages 3 - 4 of the Notice of Annual General Meeting.

In addition you will also be asked to adopt the Remuneration Report for the Company. I note that this vote is advisory only and does not bind the Directors or the Company. Listed companies are required to include a Remuneration Report as part of the Directors' Report to comply with increased disclosure requirements surrounding Director and executive remuneration. The Company's remuneration report is set out on pages 8 - 17 of the 2008 Annual Report which is available on the Company's website at www.toweraustralia.com.au.

You will also be asked to approve the grant of 250,000 Performance Share Rights to the Managing Director, Jim Minto, under the TOWER Executive Share and Option Plan. Information on this item can be found on pages 4 - 5 of the Notice of Annual General Meeting.

TOWER Australia invites shareholders to submit questions prior to the Annual General Meeting either by completing the enclosed form headed "Questions from Shareholders" or emailing your questions to investor.relations@toweraustralia.com.au. We will attempt to answer as many as possible of the more frequently asked questions at the Annual General Meeting.

If you cannot attend, the Annual General Meeting will be shown live on the TOWER Australia website www.toweraustralia.com.au. An archive of the webcast will be available for viewing on demand shortly after the meeting ends.

Enclosed is your Notice of Meeting together with a personalised voting form. This year for the first time, TOWER Australia is implementing the provision in its Constitution to allow shareholders to exercise their voting rights directly. The personalised voting form allows shareholders who are not attending the meeting to either lodge their vote directly, or, as in past years, appoint a proxy to vote on their behalf. Please refer to the details on your voting form for more information on voting.

Your Directors believe these resolutions are in the best interests of the Company and its shareholders.

Yours sincerely,

Rob Thomas
Chairman

HelpARTM Online help
close
X
A    A
 Click the larger "A" to make the text bigger and click the smaller "A" to return to the original size.
Print
 To print out the annual report pages you are viewing click Print. You can also use your default print function from your keyboard.
Email
 If you would like to email a reference to the page you are viewing to a colleague or friend click Email. The email message will already be setup for you with a link to the page and you can add additional information if you wish.
Downloads
 Click Downloads to access a complete set of PDF files of the annual report. You will also be able to download a single PDF file of the entire annual report here.
Sitemap
 To view the complete sitemap of the Annual Report click the Sitemap button.
 Search
 To search for a particular word or phrase enter the criteria in the search field and either click on the Search button or simply hit Enter or Return on your keyboard.