General Finance Corporation Subsidiary Royal Wolf Closes A$91.5 Million Australian IPO

PASADENA, Calif.--(BUSINESS WIRE)--General Finance Corporation (NASDAQ: GFN), (NASDAQ: GFNCL) and (NASDAQ: GFNCZ) (“General Finance”) today announced that the initial public offering (the “Australian IPO”) of its subsidiary Royal Wolf Holdings Limited (“Royal Wolf”) closed on May 30, 2011 in Australia. Royal Wolf raised gross proceeds of A$91.5 million from the issue of 50 million new ordinary shares at a price of A$1.83 per share. The shares are expected to begin trading on the Australian Securities Exchange under the symbol “RWH” on or about May 31, 2011 on a deferred settlement basis and on or about June 7, 2011 on a normal settlement basis. Based on the Australian IPO offering price, Royal Wolf would have an estimated market capitalization of approximately A$183.7 million. Credit Suisse acted as the sole lead manager, underwriter and bookrunner for the offering.