TRS: Placement of Shares and Market Update

29 May 2019 TRS: Placement of Shares and Market Update The directors of TRS Investments Limited ("TRS") have terminated the proposed transaction with LIDA Agricultural International Holdings Limited ("LIDA") described in the announcement made on 13 June 2018 so that other opportunities can be pursued. The directors felt that TRS would be better served by pursuing a transaction closer to home that would be more suited to a New Zealand listed company. TRS has been approached by several parties with alternative transactions which the directors are now considering. TRS will notify the market as soon as a new transaction has been agreed. TRS has received a total of NZ$120,000 from LIDA towards the costs of the transaction. In accordance with the provisions of the Share Subscription Agreement between TRS and LIDA dated 12 June 2018 ("Agreement"), LIDA or its nominees are entitled to shares in TRS at NZ$0.001 per share for the total amount received on the termination of the Agreement by TRS. TRS has therefore today issued 120,000,000 shares to LIDA's nominees. The 120,000,000 shares represent 9.004% of the total shares of TRS after the share issue. Full particulars of the share issue are set out below. Joseph van Wijk Director Email: josephvanwijk@xtra.co.nz Mob: 027 300 9291 Class of security: Ordinary shares ISIN: NZECHE0001S8 Number of shares: 120,000,000 ordinary shares Issue price: NZ$0.001 per ordinary share Payment in cash: Yes Fully paid: Yes Percentage of class: 9.895% Purpose of the issue: Settlement for termination of the Agreement as set out above Authority for issue: Board resolution and NZX Main Board Listing Rule 7.3.5 Date of issue: 29 May 2019 Total number of securities on issue following issue: 1,332,710,484 ordinary shares End CA:00335229 For:TRS Type:SECISSUE Time:2019-05-29 17:03:21