Equifax affirms General Finance Limited’s BB rating

Equifax affirms 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 completing its annual review. 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 strong growth 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 changing regulatory landscape." 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 an important part of an investors decision making process." ENDS This announcement has been authorised by Brent King, Managing Director, General Capital Limited. For further Information Please contact Brent King Managing Director General Capital Ltd. Brent.King@GenCap.co.nz 021-632-660 End CA:00415526 For:GEN Type:CREDIT Time:2023-07-31 13:49:01