SPH Notice – Borneo Capital Limited

1
Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To NZX Limited
and
To General Capital Limited
Relevant event being disclosed: Movement of 1% or more in substantial holding
Date of relevant event: 17 February 2023
Date this disclosure made: 17 February 2023
Date last disclosure made: 28 September 2022
Substantial product holder(s) giving disclosure
Full name(s): Borneo Capital Limited
Summary of substantial holding
Class of quoted voting products: Ordinary Shares in General Capital Limited
Summary for Borneo Capital Limited
For this disclosure,—
(a) total number held in class: 127,010,424
(b) total in class: 363,574,975
(c) total percentage held in class: 34.93%
For last disclosure,—
(a) total number held in class: 63,049,467
(b) total in class: 212,657,496
(c) total percentage held in class: 29.648%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
On 17 February 2023, Borneo Capital Limited was issued 63,960,957 new Ordinary Shares
in General Capital Limited for $0.0575 per share paid in cash and having an aggregate
price of $3,677,755.03.

2
Details after relevant event
Details for Borneo Capital Limited
Nature of relevant interest(s): registered holder and beneficial owner of ordinary shares in
General Capital Limited
For that relevant interest,—
(a) number held in class: 127,010,424
(b) percentage held in class: 34.93%
(c) current registered holder(s): No current registered holder – new issue of Ordinary
Shares by General Capital Limited
(d) registered holder(s) once transfers are registered: No transfer - registered holder of
new Ordinary Shares once issued by General Capital Limited is Borneo Capital
Limited
Additional information
Address(es) of substantial product holder(s): Borneo Capital Limited, Telfer Chartered
Accountants Limited, 2 Blue Penguin Drive, Kerikeri 0294, New Zealand
Contact details: Rewi Bugo, +6012 887 8888, rewibugo@gmail.com
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial
products to which this disclosure relates: Not applicable
Disclosure has effect for purposes of directors’ and senior managers’ disclosure
Rewi Bugo (who is a director of, and owns the shares in, Borneo Capital Limited) is also a
director of General Capital Limited. This disclosure also constitutes disclosure for the
purposes of the directors’ and senior managers’ disclosure obligations.
Certification
I, Rewi Bugo, 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.