October 2010Investor Update

Business highlightsGE Technology page 2 Infrastructure

GE Energy page 3 Infrastructure

GE Capital page 4

Home & Business Solutions page 5

NBC Universal page 5

Citizenship, page 6 ecomaginationsm and healthymagination

GE Global Research page 6

Recent investor page 6 events

Upcoming investor page 6 events

ContactTrevor A. Schauenberg Vice President Corporate Investor Communications

3135 Easton Turnpike Fairfield, CT 06828 USA

T 203 373 2424 F 203 373 2071 trevor.a.schauenberg@ge.com

October 29, 2010

To the Investment Community,

On October 15, we announced GE’s third quarter 2010 earnings. Featured below is one page from the earnings presentation. Please click here to access the event materials.

Here are the highlights of the quarter (Continuing Operations Attributable to GE):

• EPS of $0.29, up 32%; earnings of $3.2 billion, up 29%

• Total company orders of $19.4 billion, up 7%; equipment orders up 9%

• GE Capital credit losses continued to decline and earnings are improving; reserves flat

• $78 billion consolidated cash and equivalents

• Industrial cash flow from operations on track for $14-$15 billion at YE, high end of plan

• Industrial operating margins strong at 16.4%, excluding NBCU

• Executing capital allocation plan, including company stock repurchase ($0.9 billion YTD), increased dividend and strategic acquisitions

We have several GE-hosted investor events coming up in November and December: the GE Healthcare Analyst Meeting (November 9), the GE Capital Investor Webcast (December 7) and the GE Annual Outlook Investor Meeting (December 14). Please visit our website for details on these and other upcoming events.

Please see “GE Reports” to keep informed about the latest company developments. We will update it daily to share information and our perspectives on GE activities around the world. Please visit our website at http://www.gereports.com/.

Regards,

“Results are preliminary and unaudited. This document contains “forward-looking statements”- that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include: current economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets; the impact of conditions in the financial and credit markets on the availability and cost of General Electric Capital Corporation’s (GECC) funding and on our ability to reduce GECC’s asset levels as planned; the impact of conditions in the housing market and unemployment rates on the level of commercial and consumer credit defaults; changes in Japanese consumer behavior that may affect our estimates of liability for Grey Zone claims; our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so; the adequacy of our cash flow and earnings and other conditions which may affect our ability to pay our quarterly dividend at the planned level; the level of demand and financial performance of the major industries we serve, including, without limitation, air and rail transportation, energy generation, network television, real estate and healthcare; the impact of regulation and regulatory, investigative and legal proceedings and legal compliance risks, including the impact of financial services regulation; strategic actions, including acquisitions and dispositions and our success in integrating acquired businesses; and numerous other matters of national, regional and global scale, including those of a political, economic, business and competitive nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.”

“This document may also contain non-GAAP financial information. Management uses this information in its internal analysis of results and believes that this information may be informative to investors in gauging the quality of our financial performance, identifying trends in our results and providing meaningful period-to-period comparisons. For a reconciliation of non-GAAP measures presented in this document, see the accompanying supplemental information posted to the investor relations section of our website at www.ge.com.”

• GE Healthcare and Clarient, Inc. (NASDAQ:CLRT) announced that they have entered into a definitive agreement for GE Healthcare to acquire Clarient, a leading player in the fast-growing molecular diagnostics sector. Clarient’s technologies, combined with GE Healthcare’s strengths in diagnostic imaging, are expected to accelerate the development of new integrated tools for the diagnosis and characterization of cancer. John Dineen, President and CEO of GE Healthcare, said, “GE Healthcare has built a world-class set of diagnostic, information and life science technologies. We are experiencing solid growth in the core business this year and we see that growth continuing into 2011. Adding Clarient’s leading technology to our portfolio will accelerate our expansion into cancer diagnostics and therapy selection tools, while strongly enhancing our current diagnostic and life sciences offerings. We believe we can build a $1 billion-plus business by developing integrated diagnostic solutions for cancer and other diseases.” Read the press release.

• In a much-watched engine competition in India, the country’s Aeronautical Development Agency selected GE Aviation to power their new light combat jet fighter. Ninety-nine of GE’s F414 afterburning engines and kits have been ordered to power the Mk II version of the Tejas Light Combat Aircraft for the Indian Air Force. As India’s Business Standard notes in its coverage, the F414 was directly competing against Eurojet’s EJ-200. And as the The Times of India reports, while the initial order is for 99 engines, an option for 49 more could be exercised later. Both papers note that the GE Aviation win leaves the engine team well-positioned to compete for the next big program in the Indian Air Force, which is a fleet of more than 100 medium fighters. With more than one million flight-hours on jets such as the U.S. Navy’s F/A-18 Super Hornet, the F414 engine continues to exceed the U.S. Navy’s goals for reliability and time on wing. To date, more than 1,000 F414 engines have been delivered, supporting more than 415 aircraft in the fleet. GE has also been working with the Navy on a Super Hornet engine, dubbed “the green hornet,” that runs on biofuels. Read the GE Reports story.

• Nexcelle will provide the nacelle and thrust reverser for GE’s TechX integrated powerplant that has been selected to power the new *Bombardier Global 7000 and 8000 business jet aircraft, marking the second major program win for this international joint venture company. The nacelle system will benefit from Nexcelle’s pioneering approach to integrated propulsion systems, and will incorporate innovative technologies from its two parent companies: the Safran Group’s Aircelle, and GE’s Middle River Aircraft Systems (MRAS). Nexcelle’s win for this new GE engine program follows the company’s 2009 selection to provide the nacelle and thrust reverser for CFM International’s LEAP-X1C engine, which is to power the COMAC C919 jetliner. Established in 2008, Nexcelle brings together the expertise of its MRAS and Aircelle parent companies in engine nacelle design, systems integration, certification, manufacturing and after-market product support. Read the press release.

• GE Transportation announced the success of a technology that changes the rail industry by calculating the optimal locomotive speed for minimal fuel consumption, resulting in 3.3 million gallons of fuel savings on the first five million miles of track run using the technology. It is the latest example of how GE’s $4 billion-a-year software and solutions services are helping customers improve productivity and efficiency worldwide. GE’s Trip Optimizer, an ecomagination product, is breakthrough software which functions much like a car’s cruise control. Four major North American Class 1 railroads have outfitted their locomotives with GE Transportation’s Trip Optimizer and have accumulated more than five million service miles run in advisement and automatic control. Trip Optimizer generated a fuel savings of approximately 7% and a corresponding reduction of more than 37,000 tons of CO2, or the same impact as taking more than 7,000 passenger cars off of the road or planting more than 10,000 acres of forest. Read the press release.

GE Technology Infrastructure

October 2010 Investor Update 2

*Bombardier and Global 7000 and 8000 are trademarks of Bombardier Inc.

GE Energy Infrastructure

October 2010 Investor Update 3

• GE announced that it has signed a contract to acquire Dresser, Inc., a global energy infrastructure technology and service provider. The $3 billion deal is the latest in a series of acquisitions over the last 10 years that have helped grow GE’s energy business and deliver record profitability. The deal is subject to customary closing conditions and is expected to close promptly after receiving regulatory approval. “Dresser’s technology complements our existing gas engine portfolio and adds offerings complementary to those of GE in the $45 billion flow technology industry, including product offerings in the highly engineered valve segment. Eighty-five percent of Dresser’s revenue is from energy customers, and it has developed a large installed base of equipment, which is a big reason why 40 percent of its total revenue is derived from aftermarket service offerings, and there is a lot of room for future expansion,” said John Krenicki, vice chairman of GE and president and CEO of GE Energy. Read the press release.

• Further expanding its diverse portfolio of power generation technologies, GE announced the acquisition of substantially all of the assets of Calnetix Power Solutions (CPS), a Florida-based company that develops innovative technology for small-scale, waste heat to power projects. Recovering waste heat from industrial processes and using it to produce electricity is a rapidly growing trend in the global power industry offering high efficiency and a reduced carbon footprint. “Alternative energy sources such as waste heat are growing in importance given the urgent global need for more efficient use of our limited resources. Acquiring CPS’s technology gives us a tremendous opportunity to enter this very promising, small-scale waste heat to power segment with a competitive, fully commercialized offering. Because of its energy efficiency and zero emissions, we see this industry sector as a $1 billion global space with high growth opportunities,” said Steve Bolze, president and CEO of GE Power & Water. Read the press release.

• GE has expanded its smart grid software portfolio with the acquisition of data migration and SCADA simulation specialists Opal Software. The acquisition allows GE’s Digital Energy business to deliver greater operational and network productivity to utility customers and increase the development speed and delivery of new solutions — securing GE as a smart grid technology leader. In addition, the Australia-based Opal Software team will improve GE’s ability to support growth in the Asia Pacific region by providing increased local workforce and technology. “GE’s acquisition of Opal Software formalizes an already strong relationship,” said Bill Tarlinton, chief executive officer for Opal Software. “We are proud to be a part of GE Energy, and look forward to offering smart grid solutions to the regional and global marketplace.” Read the press release.

• Reliance Power Ltd. of India has selected GE’s flexible, efficient power generation technology for a 2,400-megawatt expansion of the Samalkot power plant in the state of Andhra Pradesh, India. This will represent the largest gas turbine combined-cycle project in India’s history and will help the country meet its continuing demand for reliable electricity to support its rapidly growing economy. Under contracts totaling over $750 million, GE will supply six Frame 9FA gas turbines, three D-11 steam turbines, training and long-term services for the project. The new plant is expected to enter simple-cycle (gas turbines only) service in the first half of 2012 and combined-cycle (gas and steam turbines) in the second half of that year. Read the press release.

• GE Oil & Gas has been awarded a $32 million contract by PlusPetrol Peru Corporation S.A. to supply compression and reinjection upgrade equipment to boost the output of the Malvinas Natural Gas Liquid (NGL) processing plant, located 400 kilometers from Lima at the southern section of the Peruvian Amazon Rainforest. Under the contract, GE will upgrade two existing GE Frame-5C Dry Low Nox (DLN) gas turbine modules with Frame-5D DLN technology to reduce emissions and Extendor kit technology to reduce outages and extend the life cycle of the equipment. In addition, three existing Frame-5D DLN modules will be upgraded with Extendor kits. Read the press release.

GE Capital

October 2010 Investor Update 4

• GE Capital announced that it has acquired sales finance portfolios from Citi Retail Partner Cards. The purchased portfolios provide consumer financing programs and related services to small to mid-sized retailers and dealers in segments that are core to GE Capital’s Sales Finance business. The Citi portfolios being acquired include nearly three-dozen retail partner relationships that collectively represent more than 18,000 small to mid-sized Main Street merchant locations across the United States. “This acquisition is right in line with GE Capital’s goal to invest in core, high performing growth businesses where we have deep experience and broad capabilities to grow. Sales Finance is core to GE Capital and has delivered great results, including through the downturn. This strategic transaction, which we expect to be immediately accretive, makes a great deal of sense for GE Capital, adding high-quality assets and merchant relationships to what has been a core growth business for us for decades,” said Mark Begor, president and CEO of GE Capital Retail Finance. Read the press release.

• The Senior Secured Loan Program, jointly managed by Ares Capital Corporation and an affiliate of GE Capital, announced the closing of a $290 million senior secured loan to support Avista Capital Partners’ and Ontario Teachers’ Pension Plan Board’s acquisition of INC Research, Inc. INC Research is a Raleigh, N.C.-based full-service global contract research organization focused on late-stage (Phase II-IV) pharmaceutical clinical trials. Jefferies Finance, GE Capital and Ares Capital served as joint lead arrangers and bookrunners for the credit facility. This represents the eighth transaction completed by the Senior Secured Loan Program in 2010 and the sixth transaction closed during the third quarter. In addition, GE Capital, through its GE Capital, Healthcare Financial Services business, provided a $40 million revolving credit facility in support of the transaction. Read the press release.

• GE Capital, Restructuring Finance announced it is co-agent for a $175 million plan of reorganization revolving credit facility to Neff Rental, Inc., a national construction equipment rental company. The financing supports working capital needs as the company emerges from Chapter 11. GE Capital Markets served as joint lead arranger. Established in 1989, Miami, FL-based Neff Rental owns and operates 62 equipment rental locations in 14 states throughout the southeastern, gulf and western regions of the U.S. The company primarily serves the construction, industrial and government sectors. “With the help of GE Capital, this completes our prearranged financial restructuring,” said Mark Irion, CFO for Neff Rental, Inc. “GE helped to provide the liquidity and financial flexibility we needed to execute our turnaround plan and begin a new chapter.” Read the press release.

• GE Capital Aviation Services Ltd. (GECAS), the commercial aircraft leasing and financing arm of GE, announced delivery of a Boeing 737-800 aircraft on lease to Okay Airways Company, Ltd. It is the first aircraft GECAS has leased to this airline customer. Okay Airways, based on Tianjin, operates passenger and freight service in China. GECAS leases more than 100 aircraft to airlines in China. GECAS, the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of over 1,800 owned and managed aircraft with approximately 245 airlines in over 75 countries. Read the press release.

• GE announced it plans to invest $432 million to establish four U.S.-based refrigeration design and manufacturing centers of excellence and create 500 new “green” jobs by 2014, bringing the company’s total U.S. investment announced since 2009 to more than $1 billion and jobs created to 1,300. GE’s investment demonstrates the Company’s commitment to revitalize its appliances business and is the result of its U.S. factories becoming increasingly competitive globally. “GE is committed to investing in this business and redefining what’s possible in home appliances,” said Charlene Begley, President and CEO, GE Home & Business Solutions, of which GE Appliances is a part. “With lean manufacturing and advanced design, we believe that American workers can compete with any in the world. In addition, our employees and union leaders have agreed to innovative wage agreements that further increase the competitiveness of these plants.” Read the press release.

• GE Lighting executives, employees and union leaders joined government officials and community leaders at the company’s manufacturing plant in Bucyrus, OH, this month to celebrate GE’s more than $60 million investment in the facility and the job creation that comes with it. GE Lighting, headquartered in Cleveland, is a unit of Louisville, KY-based GE Appliances & Lighting. The production plant in Bucyrus is GE Lighting’s global center of excellence for the manufacture of energy-efficient linear fluorescent light bulbs. Bulbs made in Bucyrus are sold to customers across the U.S. and in cities around the world like Singapore, Riyadh, Jeddah, and Santiago. Employment is expected to nearly double with more than 130 jobs added over the next few years as the Bucyrus plant ramps up production to sell these made-in-Ohio fluorescent products in global markets. Read the press release.

October 2010 Investor Update 5

Home & Business Solutions

NBC Universal • NBCU has launched a new site www.NBCUDirect.com. NBCUDirect.com is a straightforward and interactive way of

communicating the latest news and happenings at NBC Universal. The goal is to be a resource for those interested in learning more about NBCU. On it, you will find daily posts with embeddable video, photos or other assets and breaking news as events warrant.

• The October 24 Vikings-Packers game was the most-watched and highest-rated “Sunday Night Football” game ever, the most-watched October primetime NFL game in 14 years, and viewership was up 71 percent from last year’s Week 7 game, according to official national data released by The Nielsen Company. Additionally, “Sunday Night Football” was the No. 1 show on Sunday night for the seventh consecutive week and the No. 1 show of the week among viewers, households and in the key advertising demographics and, is the No. 1 show of the season in all adult and male demographics.

• Nightly News launched its brand new iPod application, and has become the No. 1 downloaded news application. The free app features comprehensive news coverage from politics to the latest technologies, reports from around the globe, Brian Williams’ blog, “Making a Difference” reports and cutting edge health and science stories.

• Through five weeks of the new television season, NBC’s primetime lineup is No. 2 and up 7% versus its year-ago adult 18-49 rating (2.9 vs. 2.7).

Upcoming film releases• November 12 Skyline

• December 22 Little Fockers (Robert De Niro and Ben Stiller)

Citizenship, ecomaginationsm and healthymagination • GE announced that Mark Vachon has been named vice president of ecomagination,

GE’s sustainable business strategy that has invested $5 billion in clean tech research and development and generated $70 billion in revenues in its first five years. Vachon, 51, is a 28-year veteran of GE and most recently served as President and CEO of GE Healthcare’s $9 billion America’s region, leading commercial activities in the United States, Canada and Latin America. “With his record of business leadership across GE and forging new partnerships, Mark joins ecomagination ready to achieve our goal of solving big global challenges by providing clean energy solutions and driving economic growth,” said GE Chairman and CEO Jeff Immelt. “As we work to achieve new goals in the next five years, growing our global partnerships and providing value to customers will be more important than ever. Mark is the right leader to get this done.” Read the press release.

• With a special commission evaluating options to help the U.S. Department of Energy develop a scientifically sound and economically viable strategy to deal with the growing stockpiles of used nuclear fuel from commercial reactors, GE Hitachi Nuclear Energy (GEH) announced its Advanced Recycling Center (ARC) technology has been approved as a part of GE’s ecomagination™ portfolio. The ARC technology offers the industry just that — a new, cost-effective way of treating used nuclear fuel. The Obama administration convened the blue ribbon commission to help address potential public health and non-proliferation concerns associated with the now-scuttled plan to open a long-term storage facility at Yucca Mountain in Nevada as well as other used fuel-management practices. Read the press release.

GE Global Research• The speed racers barreling down the track as part of the American Le Mans Series don’t just look futuristic. In the case of

Highcroft Racing, they are. As part of a unique partnership formed with GE for the 2010 season, American Le Mans Series champion Patrón Highcroft Racing have outfitted their Honda-based LMP1 racer with an array of experimental technology — from sensors to coatings to advanced controls software — from GE’s Global Research labs. The research under way now can end up supporting GE’s aviation, transportation and energy businesses — as well as advanced vehicle applications. SpeedTV.com noted in its recent story: “With R&D programs sometimes taking months, if not years, in conventional environments, GE is able to collect data almost instantly from Highcroft’s Honda Performance Development ARX-01c. Sensor data from a one-hour stint could be as useful as similar data from a military tank for one month.” While GE is not typically in the race car business, this partnership provides a unique opportunity to road-test still-developing technologies. Read the GE Reports story.

Recent investor eventsVisit the Events & Presentations section of our investor website to view the presentations.

October 15: GE 3rd Quarter 2010 Earnings Webcast

Upcoming investor events (subject to change)November 4*: Goldman Sachs Global Industrials Conference: Mark W. Begor, President and CEO, GE Capital, Retail Finance

& Restructuring Operations and Luke Clemente, General Manager, Metering & Sensing Systems, GE Digital Energy are scheduled to present.

November 9*: GE Healthcare Analyst MeetingDecember 7*: GE Capital Investor WebcastDecember 14*: GE Annual Outlook Investor Meeting*Meeting will be webcast. Webcast replays are retained on our website for a limited period of time.

October 2010 Investor Update 6