General Finance and Development Holds Annual Shareholders Meeting

General Finance and Development, Inc. (OTC Markets: GFDV).

The annual meeting of the shareholders was held Thursday April
25, 2013 at the offices of General Finance and Development, Inc.

The election of the directors was voted with 91% of the
shares voting.

It was resolved that the current directors are elected for an
additional one more year and/or until the next shareholders meeting.

Chairman and CEO William Kieger reviewed 2012 results and
disclosed that wholly owned subsidiary Corporate Art Force year-to-date sales
orders were up 20% over the same time period in 2012.

No other business was presented or transacted.

General Finance and Development, Inc. provides capital and
business development services to small and medium size companies. Capital is
provided to qualified companies by equity and/or strategic loan agreements.
Business development services include business planning, organization and
management development. GFD also pursues merger/acquisitions and joint venture
projects.

The
foregoing material may contain forward-looking statements. We caution that such
statements may be subject to uncertainties and that actual results could differ
materially from the fore-going statements. Readers accordingly should not place
undue reliance on these forward-looking statements which do not reflect
anticipated or unanticipated events or circumstances occurring after the date
of these forward-looking statements. More information regarding General Finance
and Development including financial statements and reports is available at the
company’s website www.genfd.com and www.otcmarkets.com.