TZL Announces Capital Raise and Appointment of Group CEO

• A$1.5 million capital raise at $0.05 per share, representing a ~28% premium
• David Sampaklis appointed Group CEO, expected to hold ~7.5% of TZ
• A$1.0 million repayment to Causeway Finance, reducing near-term debt obligations

TZ Limited (ASX: TZL), a leader in secure smart locking and access control technology, has announced the completion of a A$1.5 million placement to existing sophisticated shareholders, together with the appointment of Mr David Sampaklis as Group Chief Executive Officer. The placement was conducted at A$0.05 per share, representing a ~28% premium to the last traded price. Funds raised will be used for debt repayment, working capital, and supporting the commercial growth of TZ's smart locker, data centre security, and tenant and property services platforms. As part of the placement, TZ has repaid A$1.0 million to Causeway Finance, reducing its debt position from A$6.25 million to A$5.25 million. The Board has appointed Mr David Sampaklis as the new Group CEO, effective immediately. Mr Sampaklis brings extensive commercial and sales leadership experience, and is expected to hold approximately 7.5% of TZ following the placement, aligning his interests with shareholders. TZ has also confirmed its participation as a Headline Partner at the upcoming Data Centre Leaders Summit, reinforcing the Company's focus on rack-level security solutions for the data centre sector.

TZ's new CEO, David Sampaklis, is expected to bring a stronger sales focus to the business and work with the team to accelerate growth across the company's three key divisions: smart lockers, data centre security, and tenant and property services.