Issue of Securities by TruScreen Ltd

Company Announcement 25 September 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: 100,000 ordinary shares at NZD 10 cents each fully paid

Payment: Cash on subscription

Percentage of total Class
of Securities issued: 0.05% (of the total number of ordinary shares on issue post
completion of the issue)

Reason for the issue: Exercise of options awarded to Mr Yaniv Gal by Directors Resolution
on 8 October, 2014:

Authority of issue: Director’s Resolution and Certificate

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: 209,445,477

Date of issue: 25 September 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 100,000 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 8 October 2014 detailing the allocation of Options to Mr Yaniv Gal.

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

DATED 25 September 2018

_____________________________ _____________________________
Chris Lawrence Christopher Horn


_____________________________
Robert Hunter



_____________________________ _____________________________
Marie Ficarra Con Hickey

SCHEDULE 1

Name

Subscription
Amount
Amount of Shares Allocation Date
$ #
Yaniv Gal 10,000 100,000 25 September 2018

TRUSCREEN LIMITED

DIRECTOR'S CERTIFICATE

The following directors, having voted in favour of a resolution dated 25 September 2018 relating to
the issue of shares, hereby certify:

1. The terms of issue are as follows:
Number of shares to be issued: 100,000
Issue price of shares: 10 cents per share
Persons to whom shares to be issued: Mr Yaniv Gal
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 8 October
2014 detailing the allocation of Options to Mr Gal.

DATED 25 September 2018


_____________________________ _____________________________
Chris Lawrence Christopher Horn


_____________________________
Robert Hunter



_____________________________ _____________________________
Marie Ficarra Con Hickey