ISSUE OF SECURITIES BY TRUSCREEN LIMITED (TRU)

Company Announcement 23 February, 2018

TruScreen Share Placement

ISSUE OF SECURITIES BY
TRUSCREEN LIMITED (TRU)

TruScreen Limited advises that it has issued new shares as follows:

Class of Security: Ordinary Shares (TRU)

Number issued: 650,000 ordinary shares at NZD 10 cents each fully paid

Payment: Cash on subscription

Percentage of total Class
of Securities issued: 0.3% (of the total number of ordinary shares on issue post completion
of the issue)

Reason for the issue: Exercise of options allocated to Mr Sean Joyce by Directors Resolution
on 27 March, 2014:

Authority of issue: Director’s Resolution

Terms of issue: The new shares are credited as fully paid, and rank in all respects
equally with the shares already on issue.

Total number of securities
of the Class in existence
after the issue: 198,438,541

Date of issue: 23 February, 2018

TRUSCREEN LIMITED

Martin Dillon
Chief Executive Officer

-ENDS-
For more information visit www.truscreen.com or contact Martin Dillon, TruScreen Chief Executive Officer,
eMail: martindillon@truscreen.com
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.

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TRUSCREEN LIMITED

Director’s Resolutions

1. ISSUE OF ORDINARY FULLY PAID SHARES

1.1 The Directors resolve that:

(a) the Company issue 650,000 fully paid ordinary shares (“Shares”) to those persons and
in those proportions stated in the Table in Schedule 1, at an issue price of 10 cents per
share, which sum has been satisfied by the payment of cash;

(b) the Directors take all actions, do all things and execute all documents and agreements
necessary or considered by them to be expedient to issue the Shares, including the
Director’s Certificate accompanying this resolution;

(c) the consideration for and terms of the issue of the Shares are fair and reasonable to
the Company and to all existing shareholders and are as set out in the Directors
Resolution of 27 March 2014 detailing the allocation of Options to Mr Sean Joyce.

1.2 Such Shares when issued, shall rank pari passu with all existing ordinary shares of the
Company.

DATED 23 February, 2018


_____________________________ _____________________________
Chris Lawrence Christopher Horn


_____________________________ _____________________________
Ron Jones Robert Hunter

SCHEDULE 1

Name

Subscription
Amount
Amount of Shares Allocation Date
$ #
Sean Joyce 65,000 650,000 23 February, 2018

TRUSCREEN LIMITED

DIRECTOR'S CERTIFICATE

The following directors, having voted in favour of a resolution dated 23 February 2018 relating to the
issue of shares, hereby certify:

1. The terms of issue are as follows:
Number of shares to be issued: 650,000
Issue price of shares: 10 cents per share
Persons to whom shares to be issued: Mr Sean Joyce
Payment date for consideration: On or before the date of the issue of the
Shares
Details of consideration: Cash

2. In our opinion, the consideration for and terms of issue are fair and reasonable to the
Company and to all existing shareholders and are as set out in in the Directors Resolution of
27 March 2014 detailing the allocation of Options to Mr Sean Joyce.

DATED 23 February, 2018


_____________________________ _____________________________
Chris Lawrence Christopher Horn


_____________________________ _____________________________
Ron Jones Robert Hunter