General Capital Senior Manager Changes

General Capital Limited
Level 8, General Capital House,
115 Queen Street, Auckland CBD
PO Box 1314, Shortland Street,
Auckland, New Zealand. 1140.
Phone +64 9 304 0145

General Capital Senior Manager Changes
General Capital Limited (NZX: GEN) hereby advises that Jonathan Clark, the Group’s Chief Financial
Officer has resigned effective in late February 2022.

“Jonathan joined us in early 2018 when we first listed the businesses via a reverse takeover and since
Jonathan joined us, the Group’s total assets have grown from $16m to over $95m.

Jonathan has been an important component of our development and we thank him for all his
contribution to the General Capital Group over the four years. We understand that it is time for
Jonathan to take the next step in his career and we wish him well for a very bright future.” said Mr.
Rewi Bugo, the Chairman of General Capital.

Brent King, the Group Managing Director said, “Jonathan has been an important pillar of our
management team. With compliance obligations growing so fast, we have now decided to split the
role. Whilst retaining the Chief Financial Officer position we have now established a new position, a
Corporate Counsel. The significant legal and compliance obligations that General Finance has being a
Licensed Non-Bank Deposit Taker combined with the strong financial growth being experienced by
the Group has dictated the need for the additional resource.

General Capital is pleased to announce that Mr. Erick Smith, a South African trained lawyer, has been
appointed to the position of Corporate Counsel, effective from early February.

We are currently undertaking a search for the replacement Chief Financial Officer and will update the
market when an appointment is made.”


For further information contact:

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

27 January 2022