General Finance Limited Credit Rating Reaffirmed

General Finance Limited Credit Rating Reaffirmed as BB- with a Positive Outlook The Chairman of General Capital (GEN:NZ), Mr. Rewi Bugo, updates the market as follows: "General Finance Limited, a wholly owned subsidiary of General Capital Limited, has had its credit rating reaffirmed. In September 2019, Equifax Australasia Credit Ratings Pty Limited ("Equifax") issued its initial credit rating on General Finance Limited. The rating assigned was BB- with a Positive Outlook. This rating related to General Finance's 31 March 2019 financial statements. We are pleased to announce that Equifax has reaffirmed General Finance Limited's credit rating of BB- with a Positive Outlook following their review of the 30 September 2019 Financial Statements. This rating is described by Equifax on page 8 of their report as "near prime with low to moderate risk"." A copy of the report can be found on General Finance's website www.generalfinance.co.nz or alternatively from the disclose register at www.disclose-register.companiesoffice.govt.nz by searching for General Finance Limited. Mr. Bugo said, "This is another significant step in the development of the General Capital Group. We have worked hard to develop and grow the business. General Finance Limited had 56% growth in total assets in the 6-month period ended 30 September 2019. This trend has continued into the second 6-months." For further information contact: Brent King Managing Director General Capital Limited +64 21 632 660 Brent.King@gencap.co.nz 24 January 2020 End CA:00347551 For:GEN Type:ADMIN Time:2020-01-24 16:27:07