April 25, Page 1 of 5. Michael R. Bellora Deputy Treasurer, Fixed Income Investor Relations and Banking

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1 Michael R. Bellora Deputy Treasurer, Fixed Income Investor Relations and Banking GE 201 High Ridge Road Stamford, CT USA April 25, 2011 T Michael.bellora@ge.com Below is our fixed income investor relations update for the first quarter We had a strong first quarter with the fourth consecutive quarter of double digit earnings growth. GE Capital had a strong first quarter, earning $1.8B after tax. Losses have peaked, we are originating new business at attractive margins and our funding costs continue to be favorable. Reserve coverage decreased slightly in the quarter, driven by improving portfolio quality. Since the first quarter of 2010, we have improved our GECC Tier 1 common ratio to 9.8% from 7.8% and reduced leverage to 4.5:1 from 5.5:1. GECC ended the quarter with $67B in cash and equivalents and is on track for solid earnings growth. GE Company (continuing operations) Revenues of $38.4B up 6% from 1Q 10 industrial organic revenue up 5% Operating earnings of $3.6B - up 58% from 1Q 10 Operating EPS of $0.33 up 65% from 1Q 10 Cash generated from GE Industrial operating activities totaled $1.7B for the quarter; down 34% from 1Q 10, but on track for $12-13B for total year. Total consolidated cash of $82B at year end GE Capital (continuing operations) Revenues of $13.2B up 3% from 1Q 10 Net earnings of $1.8B up $0.5B from 1Q 10 with pre-tax earnings of $2.3B, up $2.1B vs. 1Q 10 Assets down $10B in the quarter to $564.7B GE Capital ending net investment (excluding cash) of $461B down $20B (excluding the impact of changes in foreign exchange) from 12/31/10 Continue to strengthen GECC s liquidity and capital position $67B in cash and equivalents at quarter end Issued ~$11B in long term debt for the quarter; $15B year to date Commercial paper balance at $41B at quarter end, Committed credit lines were $53B at quarter end; up $1B from 4Q 10; cash plus credit lines 2.5+X CP outstanding Estimated Tier 1 common ratio at 9.8% for GECC; up from 8.9%% at 4Q 10 GECS leverage was down to 4.8:1 from 5.2:1 at 4Q 10 Improved portfolio quality Losses and impairments for 1Q 11 were $1.8B; down $0.6B vs. 4Q 10. Non-earnings down $0.5B from 4Q 10 CLL: 30+ delinquency at 2.03%, down 11bps from 4Q 10 Consumer: Total 30+ delinquency at 8.07%, down 13bps from 4Q 10. Mortgage delinquency down 17bps from 4Q 10 Commercial Real Estate: delinquencies down 33bps. and within expected range nonearnings down $0.2B Reserve coverage ratio down 5bps to 2.42% reflecting improving portfolio metrics. Total reserves down $0.5B to $7.6B driven by write-offs greater than provisions Page 1 of 5

2 GE Capital Business Highlights On March 22, Grupo Banco Bilbao Vizcaya Argentaria (BBVA) announced it has completed the acquisition of its stake in Turkiye Garanti Bankasi. GE had previously announced the agreement to sell an 18.6% stake to the Spanish banking group in November GE is retaining 2.25% of Garanti shares. Boeing [NYSE: BA] and GE Capital Aviation Services (GECAS) finalized an order for ER (extended range) airplanes. The order is worth approximately $2.8 billion at list prices. The new ERs will help GECAS meet growing airline demand for long-haul passenger airplanes. With this announcement, GECAS has ordered s, including ERs. Customers will be more comfortable at Jennifer Convertibles now that the retailer has added consumer financing backed by GE Capital Sales Finance through more than 80 stores nationwide. The credit program will provide Jennifer Convertibles customers with a range of financing options and benefits for their home furnishing purchases, including affordable monthly payments through deferred interest and extended financing terms, special cardholder promotions, and online account management. Three major American energy corporations GE, NRG Energy, Inc. (NYSE: NRG) and ConocoPhillips (NYSE: COP) are joining forces to become the premier investor and commercial collaboration partner for emerging and innovative energy technology companies. The companies have committed $300 million in capital to the new joint venture, Energy Technology Ventures, to fund approximately 30 venture- and growth-stage companies over the next four years. The first investments are in companies developing potentially gamechanging technologies in solar photovoltaic (Alta Devices), cleaner coal (Ciris Energy, Inc.) and non-food biofuels (CoolPlanetBioFuels). GE Capital, Corporate Finance announced it is administrative agent on a $300 million assetbased revolving credit facility for Georgia Gulf Corporation, a leading chemicals company. The loan amends and extends an existing credit facility and will be used to support growth and working capital needs. GE Capital Markets served as co-lead arranger. GE Capital, Fleet Services also provides the company with fleet management services. For presentations, news and additional information, please visit our investor website at Best regards, Page 2 of 5

3 GECS segment results continuing operations: ($ in millions net earnings) 1Q 11 1Q 10 V% CLL $554 $232 F Real Estate (358) (403) 11% Consumer 1, F GECAS (3) EFS (27) Corporate & elims. (29) (285) 90 GE Capital $1,842 $583 F GECS asset performance: ($ in millions ) Non-earning assets/non-earnings % fin. rec. 1Q 11 4Q 10 1Q 10 Total write-offs/write-offs % fin. rec. 1Q 11 4Q 10 1Q 10 CLL $3,957 $4,226 $4, % 3.05% 3.18% Real Estate 1,137 1,347 1, GECAS EFS Consumer 5,729 5,826 6, Corporate & elims GE Capital $11,101 $11,563 $13, % 3.55% 3.78% CLL $265 $442 $ % 1.26% 1.15% Real Estate GECAS EFS Consumer 1,112 1,346 1, Corporate & elims GE Capital $1,670 $2,231 $2, % 2.72% 2.71% Page 3 of 5

4 Portfolio quality and reserve coverage GECS Funding ($ in billions): Page 4 of 5

5 Bond performance (vs. peers, indices) (USD): Page 5 of 5

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