Notification of the Appointment of a New Director

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
Fax +64 9 358 3858


General Capital (GEN:NZ) Notification of the Appointment of a New Director

General Capital, the listed financial services group, is pleased to announce the appointment of
Ms. Megan Glen as a non-executive Director to the Board of General Capital effective
17/02/2023.

The Board of GEN have determined that Ms. Megan Glen is a non-independent Director for
the purposes of the NZX Listing Rules and the NZX Corporate Governance Code.

The Chairman of the Board, Mr. Rewi Bugo, said, “Ms. Megan Glen has substantial experience
in investment banking and funds management. This will bring additional relevant skills to the
Board of General Capital. The appointment of Ms. Megan Glen coincides with the capital
injection from API No. 1 Limited Partnership which will support the growth in both assets and
profits.”


For further information contact:

Mr. Brent King
Managing Director
+64 21 632 660
Brent.King@gencap.co.nz


20 February 2023