General Finance Corporation Sets Special Meeting Date of September 11, 2007 for Stockholders of Record August 14, 2007 to Vote on Proposed Purchase of

Thursday August 9 9:18 PM

General Finance Corporation ("the Company") (AMEX:GFN, GFN.U, GFN.WS) today announced a record date of August 14, 2007 for the special meeting of stockholders to be held on September 11, 2007 to consider the proposed purchase of the outstanding capital stock of RWA Holdings Pty Limited ("Royal Wolf"), the holding company of Royal Wolf Trading Australia Pty Limited.

About General Finance Corporation

The Company is a special-purpose acquisition company organized to effect a merger, capital stock exchange, asset acquisition or other similar business combination with one or more operating businesses, whose efforts are focused initially on acquiring an operating company in the specialty finance sector. The Company has entered into a definitive agreement to acquire RWA, a privately held Australian company, as its initial business combination. RWA is engaged through its subsidiary, Royal Wolf Trading Australia Pty Limited, in the sale and leasing of portable storage containers, portable container buildings and freight containers in Australia.

Cautionary Statement About Forward-Looking Statements

Statements in this news release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding the proposed acquisition of Royal Wolf and special meeting of GFN stockholders to consider the proposed acquisition. Readers are cautioned that these forward-looking statements involve certain risks and uncertainties, including the risk that the stockholders meeting will not be convened. GFN disclaims any obligation to update any information contained in any forward-looking statement.

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