The Trustee for ASG Exical Unit Trust

Trescal – TR Calibration

Trescal Holding Pty Ltd (Trescal), through a wholly-owned subsidiary, proposes to acquire TR Pty Ltd’s (TR) calibration and equipment sales business, TechRentals Calibration & Sales (TR Calibration) (the Acquisition). Trescal supplies calibration services, equipment procurement and distribution, instrument verification, equipment maintenance, system validation, electrical safety equipment testing services and asset management services, to customers in various sectors. Trescal operates across Australia and has laboratories in Adelaide, Brisbane, Melbourne, Perth and Sydney. Trescal is a subsidiary of French company Trescal International SAS, a global provider of calibration and asset management services. TR is primarily a nationwide provider of technology equipment (including testing, inspection, calibration and telecommunications equipment) for rent. Through the Acquisition, Trescal would acquire TR’s nationwide calibration services and equipment sales business, TR Calibration, which supplies calibration services and measurement equipment to customers across Australia including from laboratories in Sydney and Brisbane. TR is a subsidiary of Vp plc, a company listed on the London Stock Exchange. Trescal and TR Calibration overlap in the supply of calibration services and calibration equipment in Australia. Calibration services involve comparing the performance of testing and measurement equipment against a measurement standard to ensure accurate performance and compliance with relevant standards, and related equipment repairs (for example, if equipment fails a calibration test).