T H E G E / A L S T O M A L L I A N C E D E A L S T R U C T U R E

$0.05-0.08 ADDITIONAL EARNINGS PER SHARE IN YEAR ONE

STRONG RETURNS

(details below subject to close)

S T R A T E G I C R A T I O N A L E R E M A I N S I N T A C T

S T R O N G D E A L R E T U R N S

T R A N S A C T I O N D E T A I L S

Complementary gas and steam technology

Strengthened Renewables and Grid solutions

$10 billionadditional growth region revenue

50 percentincrease to installed base

$0.15 – 0.20 ADDITIONAL EARNINGS PER SHARE BY 2018

P R I C E

GE announced purchase price:

€12.35 billion

GE total net purchase price:

~€8.5 billionTARGETING

$3.0 billion IN SYNERGIES

R E M E D I E S

G E T O D I V E S T

GT26 product line for new unit sales

Services contracts for 34 GT26 units; services for gas turbine installed base (approximately

720 units) will remain with GE

GT36 technology development program PSM business provides aftermarket parts and services)

J O I N T V E N T U R E S :

Changes in deal structure

Price adjustments for remedies

Net cash at close

Renewables Grid Nuclear