Equifax reaffirms General Finance Limited’s BB rating

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


Equifax reaffirms General Finance Limited’s BB financial strength rating

General Capital Limited is pleased to advise that global credit rating agency Equifax
Australasia Credit Rating Pty Ltd (Equifax) has reaffirmed the financial strength
rating of General Capital’s 100% owned subsidiary, General Finance Limited, as BB
with a stable outlook after reviewing its six-monthly audited accounts to 30
September 2023.

The rating reflects General Finance’s increased scale and healthy earnings, sound
capital and funding profile.

General Capital’s Chairman, Rewi Bugo welcomes the confirmation from Equifax,
saying this outcome recognises General Finance’s continued growth in assets and
earnings despite the challenging macro-economic environment.

“This acknowledges General Finance is in a strong position to continue delivering on
our strategy to achieve long term growth and is well positioned to navigate the
challenges and opportunities presented by the Deposit Takers Act and the Deposit
Takers Compensation Scheme.” says Mr Bugo.

Mr. Brent King, Managing Director said “we continue to notice that investors are
taking credit ratings into account more often when they consider making an
investment in Secured Term Deposits. The current market makes sound credit
ratings a critical part of a prudent investors decision making process.”

ENDS

This announcement has been authorised by Brent King, Managing Director, General
Capital Limited.

For further information contact:

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

14 December 2023