We have recently completed a review of surrender values to better reflect the asset values in the Participating Fund.

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Update to Press Release of 5 October

The transfer of Unit Linked and Capital Guaranteed Policies to Lifetime Income Limited was completed on 2 March 2018.

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(Auckland, NZ) On 25 August 2014, TOWER Limited announced that it has sold its remaining life business, TOWER Life (N.Z.) Limited to Foundation Life (NZ) Holdings Limited ("Foundation Life"), subject to conditions precedent including regulatory approvals. The aggregate value of the transaction is $36 million.

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