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Press Release

GE Reaffirms Fourth-Quarter and Full-Year 2006 EPS Guidance

December 12, 2006

FAIRFIELD, Conn.--(BUSINESS WIRE)--GE (NYSE: GE) expects to deliver double-digit growth in earnings per share (EPS) in 2006 and its eighth straight quarter of 2-3 times GDP organic revenue growth, and will enter 2007 with a portfolio of leadership businesses capable of producing sustainable high-quality earnings growth and expanding returns GE Chairman and CEO Jeff Immelt told investors today at the company's annual outlook meeting.

"We will close out a strong 2006 with growth in EPS of 13-16% to $.62-.64 per share for the fourth quarter, and 15-16% to $1.97-1.99 for the full year," said Immelt. "We will be ideally positioned in 2007 and beyond for long-term performance where demand for our products and services will be fueled by global expansion, leading technology and favorable demographics. In 2007, we expect to deliver another year of 2-3 times GDP organic revenue growth and growth in EPS of 10-13% to $2.17- 2.23. We are executing a strategy that generates long-term growth and shareholder value."

Also today, the GE Board of Directors raised the Company's quarterly dividend 12% from $0.25 per outstanding share to $0.28 per outstanding share of its common stock, for a full-year total dividend of $1.12, up from the current $1.00 per share.

"For more than three decades we have increased our dividend, and this year marks our third consecutive year of double digit increases," said Immelt. "With our strong cash position, we are rewarding our investors with a high yield dividend payment while continuing to invest in our future growth. GE has substantial financial strength. Through our stock buyback and dividend we have returned more than $18 billion to investors this year."

The dividend increase, from $0.25 per share, marks the 31st consecutive year in which GE has raised its dividend. GE has paid a dividend every year since 1899. The dividend is payable January 25, 2007, to shareowners of record at the close of business on December 26, 2006. The ex-dividend date is December 21, 2006.

The outlook meeting will be Webcast beginning at 3:00 p.m. today. Information on the Webcast and related meeting materials are available at www.ge.com/investor.

All EPS information in this release is on a continuing operations basis.

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. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.

Caution Concerning Forward-Looking Statements

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 often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, particular uncertainties arise from the behavior of financial markets, including fluctuations in interest rates and commodity prices, from future integration of acquired businesses, from future financial performance of major industries which we serve, including, without limitation, the air and rail transportation, energy generation and healthcare industries, from unanticipated loss development in our insurance businesses, and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory 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.

Contacts

For media:
Russell Wilkerson, 203-373-3193 (office)
203-581-2114 (mobile)
[email protected]
or
For investors:
Dan Janki, 203-373-2468 (office)
[email protected]


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