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Press Release

GE's Rail Services Unit Appoints New Commercial Leader

August 29, 2006

CHICAGO--(BUSINESS WIRE)--Aug. 29, 2006--GE today announced that Kareen Gray has been named Executive Vice President - Sales and Service for GE Equipment Services, Rail Services. Ms. Gray will be responsible for providing direct leadership of the commercial team as well as the successful execution of the commercial strategy in support of the services business.

As the company's commercial strategy expands to include service offerings in telematics and managed maintenance, Ms. Gray will be responsible for ensuring customer relationships and expectations are met.

"We have made great strides in our customer relationships recently, and Kareen is the leader to take us even further in our goal to achieve a world-class, customer-focused commercial organization," said Ted Torbeck, President and CEO of GE Equipment Services, Rail Services. "As we continue to build our fleet and expand our service offerings, her perspective and expertise will be key in realizing our growth strategy."

Kareen joined GE Capital Information Technology Solutions in Toronto in 1995 as an account executive, then re-locating to the U.S. in 1997 where she held the position of district sales director for GE ITS. There, she sold IT infrastructure and services to Fortune 500 companies. In 2002 she became Vice President of Sales for GE ITS, North America before joining GE Rail Services in 2003.

Prior to joining GE, Kareen worked in sales for Xerox Canada. Kareen holds a bachelor of arts degree from the University of Maryland, College Park.

About GE Equipment Services, Rail Services

A unit of the General Electric Company (NYSE:GE) and GE Equipment Services, Rail Services, headquartered in Chicago, Illinois, leases approximately 170,000 railroad cars--including grain hoppers, coal hoppers, tank cars, boxcars, plastics and other specialty hoppers, mill gondola, intermodal flat cars that carry highway semi trailers and intermodal containers. Additionally, the company leases 150,000 intermodal trailers, containers and chassis to shippers and railroads. For further information, visit www.ge.com/railservices.

About GE

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.

Contacts

GE Equipment Services, Rail Services
Frank Mantero, 312-853-5557
[email protected]

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


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