General Capital Limited — Director's Dealing 2021

Dec 20, 2021

Default form 2 – Regulation 150(2)(b) and Schedule 17 – Financial Markets Conduct Regulations 2014

Disclosure of acquisition or disposal of relevant interest by director or senior manager

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

Note : This form must be completed in accordance with the instructions at the end of the form.

To: NZX Limited; and To: General Capital Limited Date this disclosure made: 20 December 2021 Date of last disclosure: 26 June 2019

Director(s) or senior manager(s) giving disclosure

Full name(s): Simon John McArley Name of listed issuer: General Capital Limited Name of related body corporate (if N/A applicable): Position held in listed issuer: Director

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Class of affected quoted financial products: Ordinary shares in General Capital Limited (NZX Code: GEN) Nature of the affected relevant interest(s): Simon McArley is a trustee of the Prospect Road Family Trust, being the beneficial owner of all the shares issued by Prospect Road Investments Limited, and thus has the power to control the exercise of the: • right to vote attached to the financial product • acquisition or disposal of the financial products.

For that relevant interest, —

(a) number held in class before 40,000 acquisition or disposal: (b) number held in class after acquisition 210,496 or disposal: (c) current registered holder(s): Unknown (d) registered holder(s) once transfers are Prospect Road Investments Limited. registered

Details of transactions giving rise to acquisition or disposal

Total number of transactions to which 3 notice relates:

Details of the transactions requiring disclosure

Date of Transactions

17 December 2021

Nature of Transaction On market acquisition at an average price of $NZ0.052 per share. Name of any other party to the transaction: Prospect Road Investments Limited The consideration, expressed in New $8,865.80 Zealand dollars, paid or received for the acquisition or disposal. If the consideration was not in cash and cannot be readily by converted into a cash value, describe the consideration Number of financial products to which the 170,496 transaction relates:

If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) include the following details—

Whether relevant interests were acquired or Acquired during closed period disposed of during a closed period: Whether prior written clearance was Prior clearance provided provided to allow the acquisition or disposal to proceed during the closed period: Date of the prior written clearance (if any): 16 December 2021

Summary of other relevant interests after acquisition or disposal

Class	of quoted financial products:	N/A
Nature of relevant interest(s):		N/A
For that relevant interest,-
(a)	number held in class:	N/A
(b)	current registered holder(s):	N/A
For a	derivative relevant interest,—
(a)	type of derivative:	N/A
(b)	details of derivative:	N/A.
(c)	parties to the derivative:	N/A
(d)	if the director or senior manager is not	N/A.
	a party to the derivative, the nature of
	the relevant interest in the derivative:

Certification

I, Simon John McArley, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.

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Simon McArley

20 December 2021