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Press Release

GE - Corporate Lending Appoints Jeffrey P. Lupoff as Head of Industrial Project Finance

November 09, 2006

NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance today announced the appointment of Jeffrey P. Lupoff as senior managing director of Industrial Project Finance within its Corporate Lending business. Lupoff will be responsible for providing debt financing, lease solutions and equity investments of $25 million to $1 billion or more for new construction or expansion projects within capital-intensive industries.

Lupoff has more than 20 years of experience in the finance industry. Most recently, he led GE's team responsible for identifying corporate and project finance opportunities outside of the U.S. Since joining GE in 1988, Lupoff has also led structured finance teams in Asia Pacific, in railroad financing and in distressed debt. Prior to joining GE, he held various positions with Lloyds Bank Plc. and Brown Brothers Harriman & Co.

"Whether brownfield or greenfield projects, Jeff and his team offer companies a more comprehensive solution to meet their total financing needs," said Tom Quindlen, President & CEO of GE Corporate Lending. "The powerful combination of industry expertise and experience in structuring highly complex project finance deals means smarter capital for clients."

Lupoff received his MBA from the University of Miami and his BA in Government from Connecticut College. He is based in Norwalk, CT.

Industry Specialization

To better meet the unique financing needs of customers, GE Corporate Lending has a team of Industry Leaders supported by dedicated research analysts. The Industry Leaders work closely with GE Corporate Lending's regional sales force to build customized financing solutions for companies across key industries: Aerospace & Defense; Automotive & Automotive Parts; Chemicals & Plastics; Food, Beverage & Agriculture; Financial & Business Services, General Manufacturing; Paper, Packaging & Forest Products; Steel & Diversified Metals; Technology; and Transportation & Construction. The industry-aligned approach also builds on GE Corporate Lending's experience as a leading provider of financial solutions for the Retail industry and for companies in need of Project, Turnaround and Restructuring Finance.

About GE Corporate Lending

With $15 billion in assets, GE Commercial Finance Corporate Lending is one of North America's largest providers of asset-based, cash flow, structured finance and other complementary solutions for mid-size and large companies. From over 30 offices throughout the U.S. and Canada, Corporate Lending specializes in serving the unique needs of borrowers seeking $10 million to $1 billion and more for working capital, growth, acquisitions, project finance and turnarounds. Visit gelending.com for more information.

About GE Commercial Finance

GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $200 billion and is headquartered in Norwalk, Connecticut. GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's website at ge.com.

Contacts

GE Corporate Lending, Norwalk
Jeffrey Wilson, 203-229-1887
[email protected]
or
GE Commercial Finance, Norwalk
Ned Reynolds, 203-229-5717
[email protected]

Britta Kons
GE Healthcare Global Services
[email protected]
1-203-400-1892


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