General Electric Company

General Electric Company Financial Services - Overview/Strategy "This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "expects", "anticipates","intends", "plans", "believes", "seeks", "estimates", "will" or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of GE. Forward-looking statements are based on management's current expectations and assumptions, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially from these expectations and assumptions due to changes in global political, economic, business, competitive, market, regulatory and other factors. We undertake no obligation to publicly update or review any forward-looking information, whether as a result of new information, future developments or otherwise." As of 6/30/2005

Legal structure & ratings commitment Explicit support GE support to ensure GECC 1.1x fixedcharge coverage ratio Guarantee of up to $1B subordinated debt Implicit support examples Acquisition capital Heller (~$2.5B) General Electric Company AAA/Aaa 100% General Electric Capital Services, Inc. 100% Primary GE Issuer/Guarantor General Electric Capital Corporation AAA/Aaa Global Insurance Holdings ERC 2/ 2/ GE /

Local funding entities Commitment to local markets GECC unconditional guarantee Parent rated Triple-A Proceeds used primarily to fund local assets Access to deeper investor base General Electric Capital Corporation 100% Primary GE Issuer/Guarantor AAA/Aaa GE Japan Funding KK GE Capital Canada Funding GE Capital European Funding GE Capital Auto Lease Public Company (Thailand) GE Capital Australia Funding GE Capital UK Funding General Electric Capital Canada Inc 3/ 3/ GE /

Self funding growth ($ in Billions) For example in 2004: 03 Net Income 04 Net Income ROE Required to support 15% growth 04 Income Available For Div Payout Ratio Commercial Finance 3.9 4.5 20% 3.0 1.5 33% Consumer Finance 2.2 2.5 30% 1.0 1.5 60% Subtotal $7.0 $4.0 $3.0 Blended Dividend Payout = 43% + Income and Sales Proceeds from Insurance/Other = 40% Dividend X-parent support paydown, GECS can self fund growth & pay 40% dividend 4/ 4/ GE /

GE Capital Services segment results a) ($ in millions net earnings) 2Q 05 2Q 04 V% 1H 05 1H 04 V% Real Estate $210 $215 (2)% 492 445 11% Aviation Services 185 133 39 348 277 26 Other Commercial Finance 820 627 31 1,526 1,208 26 Commercial Finance 1,215 975 25 2,366 1,930 23 Consumer Finance 735 600 23 1,470 1,202 22 GE Insurance Solutions (formerly ERC) 196 142 38 347 282 23 Other Insurance 88 (89) F 320 181 77 Insurance 284 53 F 667 463 44 Equipment & Other Services 65 (105) F 64 (101) F Total GECS $2,299 $1,523 51% 4,567 3,494 31% (a- On an after-tax basis 5/ 5/ GE /

GE Capital Services performance history Diverse business mix strong asset quality Executing Insurance sell down Rigorous risk management Strong ROE focus Small in huge markets $7.8 $1.1 $1.2 $1.3 $1.6 $2.1 $2.4 Net Earnings ($B) $2.8 $3.3 $3.8 $4.4 $5.2 $5.6 ERC Charge $4.6 ~$9.3 $8.2 '90 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 Consistent Earnings Growth Driven by Core Growth & Acquisitions 6/ 6/ GE /

Insurance strategy progressing ($ in billions) $25 $(6) GNW $86MM gain (1Q) MedPro ~$50MM gain (2Q) Edison FGIC GNW IPO $(3) GNW secondary MedPro (announced) $(9) Back to core reinsurance original ERC $7 Complete GNW Primary 12/31/2002 equity 2003-2004 2005 to-date Additional actions Future equity Freeing capital for higher-returning Financial Services Back to core reinsurance, original ERC strategic flexibility 7/ 7/ GE /

Higher-returning Financial Services ($ in billions) Business mix (assets) 100% 100% 100% ROE Commercial & Consumer Finance 57 80 02 05E 10F ~20% ~23% ++ Insurance & Equipment 43 20 ~(3)% ~5% Low 2002 2005E 2010F Expanded capabilities: Dual Card Finance Full supply chain financing Real Estate services Inventory Finance Global mortgage Verticals GE Money branding U.S. large-cap lending 8/ 8/ GE /

GE Commercial Finance Real Estate Commercial Equipment Financing Corporate Financial Services Vendor Financial Services Energy Financial Services Aviation Services European Equipment Finance Healthcare Financial Services Fleet Services Transportation Provider of Global Commercial Real Estate Capital and Services 1,300+ Commercial Aircraft Owned Global Provider of Equipment Financing Provider of Value Added Sales Financial Programs to Leading Manufacturers and Distributors Diversified Equipment Lessor in Europe Financing for Working Capital & Capital Expansion Provider of Equipment, Real Estate and Working Capital Financing to the Global Healthcare Industry Financing Global Energy, Industrial and Infrastructure Development One of the Premier Commercial Financing Companies in the World 9/ 9/ GE /

GE Commercial Finance ($ in billions) Assets $232 ~$260 Dynamics Less than 3% penetrated globally $4.5 ~$5.2 ~15% Continued investment in commercial excellence Premier direct origination team Targeted market/customer segments Net Income Continued risk management excellence Strengthened airline reserves in 04 Consolidating acquisitions are available '04 '05E ROE 20% ~20% Consistent, double-digit earnings growth 10 / 10 / GE /

GE Commercial Finance Diversified Portfolio Collateral Industry At 12/31/04 At 12/31/04 FF&E/Other Equip Corp. Jets Trans. Equip Other Telecom Med. Eqpt. Franchise 11% 1% 2% 3% 3% 3% 5% Small Fleet Vehicles Energy 4% Dealer Inv 9% 14% 7% 2% 10% A/R + Inv 9% 16% Real Estate Credit Tenant Cash Flow Comm. Aircraft 58 Other 45% 16% Airlines 10% Real Estate 7% Business Services 6% Specialty Retail 4% Auto 5% 3% 4% Healthcare Hotels & Restaurants Electric/ Utility Senior Secured Positions Broad Spread of Risk 11 / 11 / GE /

GE Consumer Finance - Retail 180,000 Locations Worldwide Instant Decisioning Promotional Credit Customized Loyalty Programs The Largest Provider Of Retailer Finance Programs In The World 12 / 12 / GE /

GE Consumer Finance - Auto 70,000 Locations 45 Auto Manufacturer/Distributor Contracts 3MM Cars The Only Global Independent Auto Finance Company 13 / 13 / GE /

GE Consumer Finance - Mortgage Mortgages $50B In Assets in 4 Years 22,000 Distributors Prime & Near Prime Consumers 150,000 Homes Second Mortgage An Emerging Global Mortgage Provider 14 / 14 / GE /

GE Consumer Finance Personal Loans ~3,400 Locations Direct-to-Consumer TV / Print / Radio 225,000 Cash Access Points Personal Loans Cross-sell Mail / Telephone A Fast Growing Personal Loan Company 15 / 15 / GE /

GE Consumer Finance ($ in billions) Assets $151 $2.5 $165+ ~$3.0 +15-20% Dynamics Less than 2% penetrated globally Expand direct to consumer personal loans, deposits Net Income Drive core growth through global IBs Re-brand to GE Money 2004 was a solid BD year good pipeline '04 '05E ROE ~31% ~31% Continued risk management excellence Consistent, double-digit earnings growth 16 / 16 / GE /

GE Consumer Finance 2005 Estimate Assets Net Income Australia Japan 17% 8% 5% Asia Australia Japan 11% 15% 5% Asia Americas 23% Americas 27% 47% 42% Europe Europe A Global GE Business 17 / 17 / GE /

GE credit ratings Moody s Rating Short Term Long Term Short Term S&P Rating Long Term General Electric Company P-1 Aaa A-1+ AAA General Electric Capital Services P-1 Aa1 A-1+ AAA General Electric Capital Corporation P-1 Aaa A-1+ AAA GE Capital Australia Funding* P-1 Aaa A-1+ AAA GE Capital Canada Funding* P-1 Aaa A-1+ AAA GE Capital European Funding* P-1 Aaa A-1+ AAA GE Japan Funding* P-1 Aaa A-1+ AAA GE Capital UK Funding* P-1 Aaa A-1+ AAA General Electric Capital Canada Inc.* P-1 Aaa A-1+ AAA * Guaranteed by General Electric Capital Corporation 18 / 18 / GE /