Truscreen Completes Capital Raising

9 July 2019 NZX Announcement TRUSCREEN COMPLETES CAPITAL RAISING Truscreen Limited (Truscreen or Company) (NZX: TRU) is pleased to advise that it has received firm commitments for the capital raising announced on 2 July 2019, raising NZ$1,000,000, before costs. The Company will issue 9,433,962 new ordinary shares at a price of 10.6 cents per share, an 18.5% discount to the last trading price on 1 July 2019. The New Shares will also be entitled to a free attaching option, exercisable at 13 cents per share with expiry date two years from date of issue. This raising includes placement shares (and attaching options) to be subscribed for by the Chairman in the amount of NZ$106,000, which is subject to shareholder approval at the Annual Meeting of Shareholders to be held on 27 August 2019. The funds will be used for working capital as the business grows to meet the expanding demand from those countries where the Company has established business, and for developing new markets identified for the Company's product. For more information visit www.TruScreen.com or contact: TruScreen Martin Dillon CEO martindillon@truscreen.com TruScreen Guy Robertson CFO guyrobertson@truscreen.com Investors Investor Relations Phone: +61 2 9237 2801 TruScreen@we-buchan.com End CA:00337358 For:TRU Type:GENERAL Time:2019-07-09 08:31:48