See the charts on the following pages for additional details about our 4Q 15 earnings.

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1 Brigid Tobin Manager, Investor Relations GE 201 High Ridge Road Stamford, CT USA T brigid.m.tobin@ge.com January 22, 2016 Below is our fixed income investor relations update for the fourth quarter of GE Chairman and CEO Jeff Immelt said GE executed well in a slow-growth environment. For 2015, we accomplished all of the goals we outlined for investors. We recognize that the first few weeks of 2016 have been especially volatile. However, our orders in the fourth quarter grew by 1% organically and our backlog grew to $315 billion with Alstom. We believe in the strength of our business model and that there is enough growth out there to deliver in Q Highlights GE Industrial segment operating profit -8%, -1% organic for 4Q; +7% organic for 2015 Industrial segment organic revenues -1% for 4Q, +3% for 2015 GE CFOA FY 15 $16.4 billion, +8% GE Digital 2015 revenue $5.0 billion, +22% $5.4B Appliances sale to Haier announced, expect to close mid-year (subject to customary closing conditions); ~$0.20 per share gain Alstom EPS impact of $0.00 4Q Highlights GECC Signed $157 billion of dispositions in 2015; $104 billion closed, ahead of plan Verticals performing well, EPS of $0.04 in 4Q; $0.17 TY 15 $4.3 billion dividend to parent in 2015; on track for ~$18 billion in 2016 Completed Synchrony share exchange in November; reduced share count by 671 million shares On track to submit application for SIFI de-designation in 1Q 16, Ending net investment (excluding liquidity) was $82B -a) at quarter end, down 77% from 4Q 14 Estimated GECC Tier 1 common 14.5% -b), up 80 bps. VPQ Liquidity position remains strong $91B of liquidity -c) at quarter end Commercial paper down to $5B, as planned See the charts on the following pages for additional details about our 4Q 15 earnings. (a- $167B including discontinued operations (b- Basel 3 Tier 1 Common ratio estimated based on U.S. standardized transitional basis (c- Liquidity includes cash & equivalents in continuing & discontinued operations & businesses held for sale & certain debt obligations of the U.S. treasury 1

2 GE Capital Business Highlights Commercial Distribution Finance (CDF), a business of GE Capital, announced it has extended its financing program with MarineMax (NYSE: HZO), the nation's largest boat dealer, through CDF has provided an increase in the facility of $260 million with a three-year term, which supplies MarineMax with the flexible financing needed to help the company reach its goals for growth. GE Energy Financial Services and its co-leads arranged $592 million senior secured credit facilities to support the Caithness Moxie Freedom Project s construction and operation, with eight other banks in the syndicate. With its utilization of the world s largest, most efficient H- class technology for 60 hertz countries, the Caithness Moxie Freedom Project is projected to be one of the most efficient plants in the PJM Interconnection region. GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, announced on December 10th that it signed an agreement with Virgin America, Inc., to lease 10 new Airbus A321neo aircraft powered by CFM s LEAP-1A engines to expand the carrier s fleet. The first aircraft is scheduled for delivery in Q and the remainder will deliver in 2017 and All 10 aircraft are part of GECAS existing orderbook with Airbus. Upcoming events: March 11, 2016 Healthcare Investor Meeting - New York, NY April 22, 2016 Second quarter 2016 earnings webcast For presentations, news and additional information, please visit our investor website at Best regards, 2

3 GE Company 4Q 15 overview: GE total company 4Q 15 results: 3

4 GE Capital 4Q 15 results: 4

5 GE Capital Funding ($B): 5

6 Caution Concerning Forward-Looking Statements: Our public communications and SEC filings may contain "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," "will," "would," or "target." Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about our announced plan to reduce the size of our financial services businesses, including expected cash and non-cash charges associated with this plan and earnings per share of GE Capital s retained businesses (Verticals); expected income; earnings per share; revenues; organic growth; margins; cost structure; restructuring charges; cash flows; return on capital; capital expenditures, capital allocation or capital structure; dividends; and the split between Industrial and Capital earnings. For us, particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include: obtaining (or the timing of obtaining) any required regulatory reviews or approvals or any other consents or approvals associated with our announced plan to reduce the size of our financial services businesses; our ability to complete incremental asset sales as part of that plan in a timely manner (or at all) and at the prices we have assumed; our ability to reduce costs as we execute that plan; changes in law, economic and financial conditions, including interest and exchange rate volatility, commodity and equity prices and the value of financial assets, including the impact of these conditions on our ability to sell or the value of incremental assets to be sold as part of our announced plan to reduce the size of our financial services businesses as well as other aspects of that plan; the impact of conditions in the financial and credit markets on the availability and cost of GE Capital Global Holdings, LLC s ( GE Capital ) funding, and GE Capital s exposure to counterparties; the impact of conditions in the housing market and unemployment rates on the level of commercial and consumer credit defaults; pending and future mortgage loan repurchase claims and other litigation claims in connection with WMC, which may affect our estimates of liability, including possible loss estimates; 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 flows and earnings and other conditions which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; GE Capital s ability to pay dividends to GE at the planned level, which may be affected by GE Capital s cash flows and earnings, financial services regulation and oversight, and other factors; our ability to convert pre-order commitments/wins into orders/bookings; the price we realize on orders/bookings since commitments/wins are stated at list prices; customer actions or developments such as early aircraft retirements or reduced energy demand and other factors that may affect the level of demand and financial performance of the major industries and customers we serve; the effectiveness of our risk management framework; the impact of regulation and regulatory, investigative and legal proceedings and legal compliance risks, including the impact of financial services regulation and litigation; our capital allocation plans, as such plans may change including with respect to the timing and size of share repurchases, acquisitions, joint ventures, dispositions and other strategic actions; our success in completing, including obtaining regulatory approvals for, announced transactions, such as the Appliances disposition and our announced plan and transactions to reduce the size of our financial services businesses; our success in integrating acquired businesses and operating joint ventures; our ability to realize anticipated earnings and savings from announced transactions, acquired businesses and joint ventures; the impact of potential information technology or data security breaches; and the other factors that are described in "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, These or other 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. Our public communications and SEC filings may include certain forward-looking projected financial information that is based on current estimates and forecasts. Actual results could differ materially. General Electric Capital Corporation (GECC) has been merged into GE and our financial services business is now operated by GE Capital Global Holdings LLC (GECGH). In our public communications and SEC filings, we refer to GECC and GECGH as GE Capital. We refer to the industrial businesses of the Company including GE Capital on an equity basis as GE. GE (ex-ge Capital) and /or Industrial refer to GE excluding GE Capital. Our financial services segment previously referred to as GE Capital is now referred to as Capital. GE s Investor Relations website at and our corporate blog at as well as GE s Facebook page and Twitter accounts, contain a significant amount of information about GE, including financial and other information for investors. GE encourages investors to visit these websites from time to time, as information is updated and new information is posted. 6