Update on LIDA Transaction

2 October 2018 TRS: Update on LIDA Transaction This announcement is to provide an update on the transaction with LIDA Agricultural International Holdings Limited ("LIDA") described in the announcement made on 13 June 2018. The proposed transaction is progressing well and TRS has completed a draft Notice of Meeting for a special meeting to be held for shareholders to approve the transaction together with a listing profile. TRS has lodged these documents with NZX for their consideration and review. Upon approval of the above documentation TRS will call a special meeting to consider the transaction. Joseph van Wijk Director Email: josephvanwijk@xtra.co.nz Mob: 027 300 9291 End CA:00324756 For:TRS Type:TRANSACT Time:2018-10-02 15:18:16