Capital Change Notice

Capital Change Notice


Section 1: Issuer information
Name of issuer General Capital Limited (GCL)
NZX ticker code GEN
Class of financial product Ordinary Shares in GCL
ISIN (If unknown, check on NZX website) NZMYKE0001S9
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 26,181 ordinary shares
Nominal value (if any) $7,959.02
Issue/acquisition/redemption price per security $0.304
Nature of the payment (for example, cash or other consideration) Cash pursuant to the Dividend
Reinvestment Plan dated May
2025
Amount paid up (if not in full) n/a
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number of Financial
Products of the Class, excluding any Treasury Stock, in existence)
1

0.0285%
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/acquisition/redemption and specific authority for
issue/acquisition/redemption/ (the reason for change must be
identified here)
Shares were issued pursuant to
the Dividend Reinvestment Plan
dated May 2025 in respect of the
HY26 Dividend
Total number of Financial Products of the Class after the
issue/acquisition/redemption/Conversion (excluding Treasury Stock)
and the total number of Financial Products of the Class held as
Treasury Stock after the issue/acquisition/redemption.
91,877,912
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, acquisition, or redemption, including
a reference to the rule pursuant to which the issue, acquisition, or
redemption is made
Dividend Reinvestment Plan and
Directors Resolution dated May
2025

Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Ordinary shares
Date of issue/acquisition/redemption
2
12 December 2025

1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.
2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).

Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Brent D. King
Contact person for this announcement Brent D. King
Contact phone number 021 632 660
Contact email address Brent.king@gencap.co.nz
Date of release through MAP

12 December 2025