General Finance Limited Credit Rating

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 Finance Limited Credit Rating

The Chairman of General Capital (GEN:NZ), Mr. Rewi Bugo, updates the market as follows:

At our Annual Shareholder Meeting on the 30
th
of August we advised shareholders that our
wholly owned subsidiary, General Finance Limited, a licensed Non-bank Deposit Taker, was
seeking a credit rating from Equifax Australasia Credit Ratings Pty Limited (“Equifax”), a
Reserve Bank of New Zealand (“RBNZ”) approved international credit rating agency. This is
General Finance’s first credit rating.

“We are very pleased to announce that Equifax has given General Finance Limited a credit
rating of BB- with a positive outlook. This rating is described by Equifax on page 36 of its
report as being near prime with low to moderate risk”. A copy of the report can be found on
General Finance’s website www.generalfinance.co.nz or alternatively from the disclose
register at www.disclose-register.companiesoffice.govt.nz by searching for General Finance
Limited.

Mr. Bugo said, “We are very pleased to achieve this rating in our first review. I am sure all
those who read the report will gain a greater understanding of General Finance and the niche
in which it operates. The positive outlook is very pleasing, and we are sure that investors will
gain confidence from the rating and the full report”.

Mr. Brent King, Managing Director said, “I am very pleased with the process and the outcome.
Equifax are very experienced and have a very good process. They have thoroughly reviewed
the Company in order to give this rating. As the market is aware from our 2019 Annual Report
and the update we provided at the Annual Meeting, we have been growing and developing
General Finance. We have had strong investor support and we have been able to grow our
loan book very positively. We did not need to complete the credit rating as we are able to
operate within the exemption under the Non-bank Deposit Takers (Credit Ratings Minimum
Threshold) Exemption Notice 2016. We decided to undertake the process as we believe that
investors would be better informed with a rating.”


For further information contact:

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

16 September 2019