Placement, Change of Name and Ticker Code

TRS INVESTMENTS LIMITED ("TRS") ENTERS INTO SUBSCRIPTION AGREEMENT - CHANGE OF NAME AND TICKER CODE - ADDITIONAL MATTERS Placement TRS advises that it has today issued 333,177,621 new ordinary fully paid shares in the Company ("Placement Shares") at an issue price of $0.00025 per share. The capital raising will raise $83,295 in aggregate. The placement has been made to the Lindsay Investment Trust. The funds raised from the placement will be utilised to fund the ongoing working capital requirements of the Company whilst it continues to undertake investigations to find a suitable business initiative to acquire via a reverse takeover transaction. A Capital Change Notice accompanies this announcement. Change of Name TRS has resolved to change its name to Ascension Capital Limited with legal effect from 20 July 2020. The change is scheduled to be effective on NZX's systems from 20 July 2020. Change of Ticker Code TRS has resolved to change its ticker code from "TRS" to "ACE", with the change scheduled to be effective on NZX's systems from 20 July 2020. New contact details TRS has resolved to change its contact details to the following with effect from 10 July 2020: Contact person - Keith Jackson Postal address: 19 Imatra Place Auckland 2010 Contact telephone: 021 702 509 Contact email: keith.jackson@cooksglobalfoods.com Assignment of Huahan International Holdings (Hong Kong) Co Limited Loan Facility TRS has received notice that the interest of Huahan International Holdings (Hong Kong) Co Limited (as creditor) in the Loan Facility Agreement with the Company (as debtor), which facility currently has a principal sum of owing of circa $360,000, has been assigned to Excalibur Capital Partners Limited (a substantial shareholder in TRS), the investment vehicle of Sean Joyce (a non-executive director of TRS). For further information, please contact: Keith Jackson, Chairman, TRS Investments Limited, email: keith.jackson@cooksglobalfoods.com, mobile: 021 702 509 End CA:00356054 For:TRS Type:SECISSUE Time:2020-07-10 08:56:15