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GE’s Growth in Emerging MarketsMiddle East & AfricaNabil HabayebPresident & CEO,GE Middle East & AfricaJune 28, 2005

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The region…. MEAPopulation• Population 1020MM.... 2.2% growth

• > 50% of population below 24 years

GDP Trends• 75 countries... 1.3Tr+ 2004 GDP

• GDP growth rate above 4.5%

1%

2%

3%

4%

5%

6%

'99 '00 '01 '02 '03

Middle East

Africa

Europe

USA

GE Presence

AlgeriaLibya

Saudi

R.S.A

Nigeria

Egypt

Senegal

UAE

Qatar

Kenya

Tunisia

Morocco

Sudan

Congo

ChadNigerMali

C.A.R

Angola

Namibia

Ethiopia

Mau

ritan

ia

CameroonGhana

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Source: BP Statistical Review of World Energy

World Oil Reserves

RoW39%

MEA61%

MEA Growth Drivers:Energy Resources – Proven Oil Reserves

300 100 50 10 4 1 .1

Billion Barrels

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MEA Growth Drivers:Energy Resources – Proven Gas Reserves

World Gas Reserves

RoW67%

MEA33%

900 500 200 100 40 1 .1

Trillion Cubic Feet

Source: BP Statistical Review of World Energy

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MEA Opportunities:Utilization of Energy Resources

Modern RefineryLNG Plant

> $1Trillion Energy Investment

by 2030

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1960s

MEA Opportunities:Infrastructure Transformation in Dubai

1990s

2004 and Beyond

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MEA 60% ofWorld’s Desal

124GW of Power by 2015

MEA Opportunities:Infrastructure Transformation - Water & Electricity

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MEA Opportunities:Infrastructure & Social Transformation

Health Care

Tourism

Transportation

Education

2%+ PopulationGrowth Rate

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MEA Opportunities: 2005-10($ Billions, cumulative)

Accessible

90-100

Total Spend

300-375

BD opportunities for profitable expansion

Water - $13B+• Power Plants + Water Technologies• MENA with scarce fresh water resources• Drinking, irrigation, industrial & waste water

Energy - $50B+• Rapidly growing power needs (>62GW)• Gas monetization... LNG, GTL & Pipelines• Energy delivery: regional power pools

Transportation - $16B+• 400+ planes• Saudi, Kenya Railway projects

Other - $11B+• Healthcare infrastructure development• Security Systems• Consumer & Industrial

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MEA Road Map to Growth

Process

Product

People

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GE Lightspeed VCT – MEA

First genuine 64 slice system

New Industry StandardsLNG Train - Qatar

Largest in the World (8MM Tons/Year)

Product

GE 90 – 115B - Emirates

The World’s Most Powerful Engine67 Engines Order by Emirates Airlines

MEA Road Map to Growth

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New Industry Standards

“Company to Country” Solutions

Product

MEA Road Map to Growth

GasPower GenWaterTransportHealthEducationEnvironmentAsian GamesOther - Various

Accessible $B People

GEE

3.7175-215

GET

2.020-25

GEI

1.016

Other

0.214

Qat

ar N

eeds

GE PortfolioQatar

Qatar Innovation Center

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New Industry Standards

“Company to Country” Relationships

Cross Business IB – Water Scarcity

Product

+

GE Energy GE Water

MEA Road Map to Growth

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New Industry Standards

“Company to Country” Relationships

Cross Business IB – Water Scarcity

Regional Financing Capabilities

Product

MEA Road Map to Growth

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Strict Commercial & Operational Processes

Security of Our People

Regional Audit Staff

Process

MEA Road Map to Growth

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Team Focused on Growth & Uncovered SpaceCommercial Development ManagersCross Business Desalination TeamCommercial FinanceFinanceLegalHR

People

MEA Road Map to Growth

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Team Focused on Growth & Uncovered Space

Local & Diverse Talent

Building the Pipeline

Financial Management Program

Experienced Commercial Leadership Program

Region Corporate Audit Staff

People

MEA Road Map to Growth

Team Focused on Growth & Uncovered Space

Local & Diverse Talent

Building the Pipeline

Corporate Citizens in the Mid East

GE Elfun – Mid East GEWN – Mid East

People

MEA Road Map to Growth

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GE Embraces Its Corporate Responsibility

Project QuenchGE donates power, medical and water equipment to hospitals and clinics in Africa to reduce child mortality rates and improve delivery of healthcare

GE PartnersAssist International, Plan International, Plan Ghana

Phase IPrimarily Medical equipment and water delivery systems

Phase IIMore complete water treatment solutions including RO technology and water distribution systems

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Summary:

MEA…… Growing Faster Than Many Regions Around the World…..….

…. Driven by the Need To: - Deliver Region’s Energy Resources Globally

- Invest in Infrastructure Transformation

- Address Social Challenges

…. Uniquely Positions GE Portfolio to Deliver on- “Country to Company” and “Customer to Company” Solutions

…. Through Partnership, Localization, and Knowledge Transfer