Offer Closes Significantly Oversubscribed

NZX Announcement

22 December 2020

OFFER CLOSES SIGNIFICANTLY OVERSUBSCRIBED
TruScreen Group Limited (NZX: TRU) (TruScreen or the Company) is pleased to advise that the Offer as
outlined in the Product Disclosure Statement (PDS) announced on 11 November 2020, has closed
significantly oversubscribed.
The Offer was conditional on listing on the ASX as outlined in the PDS, and the ASX has previously
confirmed that the Company will be admitted to the ASX subject to certain conditions. The Company will
meet the conditions as outlined in the NZX announcement of 15 December 2020, before 30 December
2020.
The Company received subscriptions for approximately NZ$3.2m (Maximum Offer is NZ$2m), with both
the Australian and the New Zealand pools being oversubscribed. The Company will add a further 375 new
Australian shareholders to the register, bringing the total number of Australian shareholders to 435. Due
to the structure of the raising, New Zealand applicants will unfortunately be scaled back by approximately
65%.
In total the Company will issue 28,571,428 new shares at NZ$0.07 (A$0.065) each. This will bring the total
issued capital to 360,966,253 fully paid ordinary shares.
The Company was assisted by CM Partners in New Zealand and OnMarket in Australia in this capital raise.
As outlined in the PDS the Company, through its share registry Link Market Services will complete the
share allocations and refunds, where appropriate, before 30 December 2020.
The dual listing on the ASX is anticipated to be 6 January 2021.
Chairman Tony Ho commented, “we are delighted with the strong support that we have received from new
investors and existing shareholders. We are pleased to welcome our 375 new Australian shareholders on
our Australian share register. We look forward to communicating with you through the NZX and ASX as
we continue to build the business in 2021”.

-ENDS-
For more information, visit www.truscreen.com or contact:

Victoria Potarina
Chief Executive Officer
victoriapotarina@truscreen.com
Guy Robertson
Chief Financial Officer
guyrobertson@truscreen.com

About TruScreen:
TruScreen cervical cancer screening device offers the latest technology in cervical screening, providing real-
time, accurate detection of precancerous and cancerous cervical cells to help improve the health and well-being
of women around the world.
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 tissues. A sophisticated proprietary
algorithm framework is utilised to detect pre-cancerous change, or cervical intra-epithelial neoplasia (CIN), by
optical and electrical measurement of cervical tissue.
TruScreen offers an alternative approach to cervical screening, resolving many of the ongoing issues with
conventional Pap tests, including failed samples, poor patient follow-up, patient discomfort and the need for
supporting laboratory infrastructure. As such, TruScreen’s target market is low and middle-income countries
where no large-scale cervical cancer screening programs and infrastructure are in place, such as China, Mexico,
Africa, Russia and India. TruScreen’s cervical cancer screening device is CE-marked and certified for use
throughout Europe and NMPA (formerly CFDA) approved for sale in China. The global market potential for
TruScreen is significant.