Amended SPH Notice - Bedford Trust

Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013

To NZX Limited
and
To General Capital Limited
Date this disclosure made: 14 January 2025
Date last disclosure made: 23 February 2022
Date on which substantial holding ceased: 3 January 2025
Substantial product holder(s) giving disclosure
Full name(s): Lynn Landmark Michel and Mat Floyd Trustee Co (No1) Limited as trustees of
The Bedford Trust
Summary of previous substantial holding
Ordinary Shares in General Capital Limited (GEN:NZX)
Summary for Lynn Landmark Michel and Mat Floyd Trustee Co (No1) Limited as trustees of
The Bedford Trust
For last disclosure,
(a) total number held in class: 34,782,609
(b) total in class: 212,657,496
(c) total percentage held in class: 16.356%
For current holding after ceasing to have substantial holding
(a) total number held in class: 0
(b) total in class: 0
(c) total percentage held in class: 0
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure:
From 3 December 2024 to 13 January 2025, The Bedford Trust has sold 8,695,652 General Capital
Limited Ordinary Shares (represents full shareholding due to General Capital Limited share
consolidation) for 19.47 cents per share sold through the NZX, having an aggregate price of
$1,692,619.91.

Additional information
Address(es) of substantial product holder(s):
Bedford Trust – Care of Ingham Mora Limited, 60 Durham Street, Tauranga 3110
Certification
I, Lynn Landmark Michel 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.