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TRC Capital Extends Tender Offer for Intuitive Surgical

TORONTO, ONTARIO -- (Marketwired) -- 02/13/14 -- TRC Capital Corporation announces that it has extended the expiration of its previously announced tender offer for up to 250,000 common shares of Intuitive Surgical, Inc. until 12:01 a.m., New York City time, on Tuesday, February 25, 2014, unless further extended. The tender offer had previously been scheduled to expire at 12:01 a.m., New York City time, on Tuesday, February 14, 2014. All of the other terms and conditions of the tender offer remain unchanged.

As of 6:00 p.m. on February 13, 2014, thirty common shares of Intuitive Surgical had been validly tendered and not withdrawn pursuant to the tender offer.

TRC will accept for payment and will pay for all shares validly tendered prior to the expiration date and not properly withdrawn in accordance with the terms of the offer. TRC will not be required to accept for payment or pay for any shares and may terminate the offer if certain conditions which, in the reasonable judgment of TRC in any such case, makes it inadvisable to proceed with the offer or with such acceptance for payment or payment.

THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL ANY SHARES. THE SOLICITATION AND THE OFFER TO BUY THE COMPANY'S COMMON SHARES WILL ONLY BE MADE PURSUANT TO THE OFFER TO PURCHASE AND RELATED MATERIALS, AS SUCH DOCUMENTS ARE SUPPLEMENTED AND AMENDED. SHAREHOLDERS SHOULD READ THESE MATERIALS CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS OF THE OFFER. SHAREHOLDERS CAN OBTAIN A COPY OF THE OFFER TO PURCHASE AND RELATED MATERIALS WITH RESPECT TO THE TENDER OFFER BY CONTACTING THE INFORMATION AGENT FOR THE OFFER, CNRA FINANCIAL SERVICES INC. AT (416) 861-9446. Copies of these materials and any documentation relating to the tender offer are not being, and must not be, directly or indirectly, mailed or otherwise forwarded, distributed or sent in, into or from any jurisdiction where to do so would be unlawful.

TRC Capital Corporation is a private investment corporation that manages a diverse investment portfolio focusing on manufacturing, commodity, pharmaceutical and basic industries.

FORWARD-LOOKING STATEMENTS

Statements included in this announcement that are not historical facts are forward-looking statements. Forward-looking statements involve a number of risks and uncertainties and are subject to change at any time.

Contacts:
TRC Capital Corporation
Lorne H. Albaum, CEO
Phone: (416) 304-1932

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