General Capital subsidiary company director resignations

General Capital Limited
Level 7, 12-26 Swanson Street,
PO Box 1314, Shortland Street,
Auckland, New Zealand. 1140.
Phone +64 9 304 0145
Fax +64 9 358 3858


General Capital. (GEN:NZ) announces resignations of subsidiary company directors

Resignation of Mr. Alistair Ward, Director of General Finance Limited (GFL)

Mr. Alistair Ward has resigned as a Director of General Finance Limited so that he can focus
on his Investment Banking business.

Mr. Don Hattaway, Chairman of General Finance said, “I wish to thank Mr. Ward for his
contribution to the Board and governance during his term as a Director. We have had
significant growth over the last 12 months and Mr. Ward has made a valuable contribution to
the company during this period”.

Resignation of Mr. Garth Ward, Director of Corporate Holdings Limited (CHL)

Mr. Rewi Bugo, Chairman of General Capital Limited said, “Corporate Holdings was set up as
the holding company for two financial services businesses, General Finance Limited and
Investment Research Group Limited. It has not traded and acted as a passive owner of the
shares in the two subsidiaries. Mr. Garth Ward set up and became a director of CHL as part
of the structuring of the business acquisitions. He managed the regulatory approval process
for the business acquisitions and the subsequent reverse takeover (RTO) of General Capital
Limited (previously named Mykco Limited) extremely well.

We thank Garth for his significant contribution to the very complex process and we hope to
continue contact in the future.”, said Mr. Bugo.

Mr. Hattaway said both changes will be reflected in the replacement Product Disclosure
Statement (PDS) that General Finance Limited will register shortly.


For further information contact:

Brent King
Managing Director
General Capital Limited
+64 21 632 660
Brent.King@gencap.co.nz

16 September 2019