Capital Change Notice

Capital Change Notice General Capital Limited (NZX: GEN) provided the attached Capital Change Notice pursuant to the NZX listing rule 3.13.1. This Notice relates to the issue of 26,181 ordinary shares under General Capital’s Dividend Reinvestment Plan, dated May 2025, in respect of the HY26 dividend. ENDS This announcement has been authorized by the General Capital Board. For further information contact: Mr. Brent King Managing Director +64 21 632 660 Brent.King@gencap.co.nz 12 December 2025