General Capital Limited — Director's Dealing 2023

Feb 22, 2023

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Initial Disclosure Notice

Disclosure of Directors and Senior Managers Interests

Sections 297(1) and 298(1), Financial Markets Conduct Act 2013

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----- Start of picture text ----- To NZX Limited; andName of listed issuer:Date this disclosure made:Date on which issuer listed or appointment made:Director or senior manager giving disclosureFull name:Name of listed issuer:Name of related body corporate (if applicable):Position held in listed issuer:Summary of relevant interest (excluding specified derivatives)Class of quoted financial product:Number held in class:Nature of interest:Current registered holder:Summary of specified derivatives relevant interest (if applicable)Type of derivative:Class of underlying financial products:Details of derivativeThe notional value of the derivative (if any) or the notional amount of underlyingproducts (if any):A statement as to whether the derivative is cash settled or physically settled:Maturity date of the derivative (if any):Expiry date of the derivative (if any):The price specified in the terms of the derivative(if any):Any other details needed to understand how the amount of the consideration payableunder the derivative or the value of the derivative is affected by the value of theunderlying financial products:----- End of picture text -----

General Capital Limited 21/02/2023 17/02/2023 Anton Steven Ian Douglas General Capital Limited API No 1 Limited Partnership Director Ordinary shares 86,956,522 On 17 February 2023, Anton Steven Ian Douglas was appointed a director of General Finance Limited, a wholly owned subsidiary of GEN. Anton is a director of Oruatua Trustee Limited (OTL). OTL, in its capacity as sole trustee of the Douglas Family Investment Trust, is a Limited Partner of API No 1 Limited Partnership (API No 1) and holds a 14% interest in the total partnership interests on issue. On 2 November 2022, API No 1 GP Limited in its capacity as general partner of API No 1 entered into a subscription agreement with General Capital Limited (GEN) under which API No 1 agreed to subscribe for, and GEN agreed to issue, 86,956,522 ordinary shares to API No 1 for an aggregate subscription price of $5,000,000. On 17 February 2023 the Transaction completed, the shares were issued to API No 1 and Anton was appointed.

API No 1 Limited Partnership

For that derivative,-

Parties to the derivative: If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:

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Certification

I, 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. Signature of director or officer: Date of signature:

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