TruScreen Announces Share Purchase Plan Details

Company Announcement 14 September 2018 TRUSCREEN ANNOUNCES SHARE PURCHASE PLAN DETAILS Cervical cancer technology company, TruScreen Limited (NZAX:TRU), has today announced the details of the Share Purchase Plan (SPP) previously advised, with eligible shareholders invited to subscribe for up to $15,000 of new shares at 21 cents per share, the same pricing as the recent Placement on 6 September 2018. The Share Purchase Plan is the second stage of the capital raising announced on 31 August 2018 and follows the successful $1.5 million Placement to existing and new investors. TruScreen is seeking to raise up to $1.0 million from this SPP. (The maximum amount legally able to be raised under NZAX Rule 7.3.4 (c) is $13,188,765). The SPP opens on Monday 17 September and the Record Date for the SPP offer is 5pm, Friday 14 September 2018. The Offer will close on 3 October 2018. The funds raised from the placement and SPP will be used to strengthen TruScreen's balance sheet, fund sales and marketing initiatives, expand manufacturing capabilities and continue improvement to the device's performance. Chairman of TruScreen, Mr Robert Hunter, said: "The development of our second generation TruScreen device has opened up a number of new and significant opportunities and the capital raised will help us realise these and progress with our commercial strategy. The capital raising has been structured to provide existing shareholders the same opportunity to participate and share in the growth of our company as investors in the Placement." A copy of the Appendix 4 Notice required under the NZAX Listing Rules accompanies this announcement. Key Dates Record Date for participation in the SPP 5pm on 14 September 2018 Mailing of SPP and Forms to eligible shareholders 17 September 2018 Offer Period 17 September 2018 to 3 October 2018 Allotment Date On or before 10 October 2018 ENDS For more information visit www.truscreen.com or contact Martin Dillon, TruScreen Chief Executive Officer, email: martindillon@truscreen.com. For media assistance, please contact: Jackie Ellis on 64 27 246 2505 or email jackie@ellisandco.co.nz. About TruScreen: TruScreen's real time cervical cancer technology utilises a digital wand which is placed on the surface of the cervix to measure electrical and optical signals from the surrounding tissue. A sophisticated proprietary algorithm framework distinguishes between normal and abnormal (cancerous and precancerous) tissue to identify precancerous change, or cervical intraepithelial neoplasia (CIN). A Single Use Sensor (SUS) is used for each patient to protect against cross-infection. End CA:00323901 For:TRU Type:OFFER Time:2018-09-14 12:08:21