General Capital (GEN:NZ)- Notification of Issue of Shares

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 (GEN:NZ)– Notification of Issue of Shares

General Capital, the NZX listed financial services group, is pleased to announce an issue of 34,782,609
ordinary shares to a wholesale investor at 5.75 cents per share for total proceeds of $2,000,000

Mr. Brent King, Managing Director said, “At our annual meeting in September we gained shareholder
approval to raise capital to fund further growth of the Group. This is the 3
rd
placement in this financial
year. General Capital will use most of the capital raised today to increase the capital of wholly owned
subsidiary and licensed Non Bank Deposit Taker, General Finance Limited. The additional capital will
allow General Finance Limited to continue on its strong growth in assets and profits. We will continue
to review our capital requirements regularly.”

The share issue was authorised by board of directors’ resolutions dated 22 February 2022 in
accordance with the shareholders resolution passed at the adjourned annual meeting on 3 September
2021 for the purposes of NZX rule 4.1.1.

Refer to the attached Capital Change Notice for further details.


For further information contact:

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

23 February 2022

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Capital Change Notice



Section 1: Issuer information
Name of issuer General Capital Limited
NZX ticker code GEN
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZMYKE0001S9
Currency NZ$
Section 2: Capital change details
Number issued 34,782,609
Nominal value (if any) Not applicable
Issue price per security $0.0575
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Paid in full
Percentage of total class of Financial Products issued
(calculated on the number of Financial Products of the Class,
excluding any Treasury Stock, in existence)
19.555%
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
N/A
Reason for issue and specific authority for issue (the reason
for change must be identified here)
Issue of ordinary shares to a
wholesale investor to expand
the Group’s capital in line with
the intentions announced at
the 2021 annual meeting.

The share issue was
authorised by Directors
resolutions dated 22 February
2022 in accordance with the
shareholders resolution
passed at the adjourned
annual meeting on 3
September 2021 for the
purposes of NZX rule 4.1.1.
Total number of Financial Products of the Class after the issue
(excluding Treasury Stock) and the total number of Financial
Products of the Class held as Treasury Stock after the issue.
212,657,496
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
N/A
Specific authority for the issue, including a reference to the
rule pursuant to which the issue, acquisition, or redemption is
made
The share issue was
authorised by Directors
resolutions dated 22 February
2022 in accordance with the

shareholders resolution
passed at the adjourned
annual meeting on 3
September 2021 for the
purposes of NZX rule 4.1.1.
Terms or details of the issue (for example: restrictions, escrow
arrangements)
New ordinary shares which
rank equally with all other fully
paid ordinary shares
Date of issue 23/02/2022
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Erick Smith
Contact person for this announcement Brent King
Contact phone number +64 21 632 660
Contact email address Brent.King@gencap.co.nz
Date of release through MAP 23/02/2022