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 End CA:00407005 For:GEN Type:ADMIN Time:2023-02-20 11:09:12