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Press Release

GE Hydro Repowering Two Power Plants in Sweden with New,Environmentally Friendly Turbine Runners

October 31, 2002

GE Hydro Repowering Two Power Plants in Sweden with New, Environmentally Friendly Turbine Runners OSLO, Norway--(BUSINESS WIRE)--Oct. 31, 2002--GE Hydro, a business unit of GE Power Systems, has been awarded contracts by Vattenfall Vattenkraft AB, Sweden's largest electric utility, for the repowering of two hydro turbines with environmentally friendly runners.


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GE Reports Third-Quarter Earnings of U.S.$4.1 billion

October 31, 2002

Dubai, October 31, 2002 ---- General Electric has announced its third-quarter earnings of U.S.$4.1 billion, reflecting a growth of 25 percent over the third quarter 2001. The promising earnings, in addition to a 16 percent increase in cash flow from operations, "are a testament to the effectiveness of GE's key strategic initiatives and business model in promoting growth in all of our diversified businesses around the world, including the Middle East region," said Nabil Habayeb, National Executive, General Electric, Gulf.


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GE Commercial Finance Completes Acquisition of Deutsche Financial Services -DFS-

October 31, 2002

STAMFORD, Conn.--(BUSINESS WIRE)--Nov. 1, 2002--GE Commercial Finance, through its Vendor Financial Services (VFS) business, announced today that it has completed its acquisition of Deutsche Financial Services' commercial inventory financing businesses from Deutsche Bank AG.


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GE 'Lights Up' Columbia University Biosphere 2Center as First Step to Energy Self-Sufficiency by 2012

October 30, 2002

TUCSON, Ariz.--(BUSINESS WIRE)--Oct. 30, 2002-- New GE T8 Ultra Watt-Miser(R) System Delivers $45,000 in Annual Energy Savings

Columbia University Biosphere 2 Center, outside Tucson, Arizona, recently announced an ambitious goal to become energy `self-sufficient' by the year 2012. An important first step turned out to be as simple as changing the light bulbs.

The Biosphere 2 Center selected GE Lighting and Earth Savers, a Tucson, AZ based energy conservation company, to install the latest in energy-efficient lighting products.


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GE Announces New Line of Uninterruptible Power Supplies; New Signature 5000 Series Improves Performance and Reliability for Mission Critical Applications

October 29, 2002

ATLANTA--(BUSINESS WIRE)--Oct. 29, 2002--GE Digital Energy, a unit of GE Industrial Systems and the General Electric Company (NYSE:GE) and a leading provider of critical power products and services to the digital marketplace, has announced the availability of the Signature(TM) 5000 Series, a new line of Uninterrupted Power Supply (UPS) systems for the North American marketplace.


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GE Announces New Line of Uninterruptible Power Supplies; New Signature 5000 Series Improves Performance andReliability for Mission Critical Applications

October 29, 2002

ATLANTA--(BUSINESS WIRE)--Oct. 29, 2002--GE Digital Energy, a unit of GE Industrial Systems and the General Electric Company (NYSE:GE) and a leading provider of critical power products and services to the digital marketplace, has announced the availability of the Signature(TM) 5000 Series, a new line of Uninterrupted Power Supply (UPS) systems for the North American marketplace.


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GE Oil & Gas to Supply Equipment for New Gas Processing Plant in Indonesia

October 29, 2002

GE Oil & Gas to Supply Equipment for New Gas Processing Plant in Indonesia ATLANTA--(BUSINESS WIRE)--Oct. 29, 2002--GE Oil & Gas has received a contract of US$29 million to supply two gas turbine-powered compressor trains for the Peciko 4 gas processing plant in Balikpapan, Indonesia.


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A.G. Lafley and Robert J. Swieringa Join GE Board

October 28, 2002

FAIRFIELD, Conn.--(BUSINESS WIRE)--Oct. 28, 2002--Alan G. "A.G." Lafley, 55, chairman of the board, president and chief executive of the Procter & Gamble Company, and Robert J. Swieringa, 60, dean of the Johnson School of Management at Cornell University, have been elected to the board of the General Electric Company, the world's largest diversified technology, services and manufacturing company.


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GE Medical Systems Installs 300th Positron Emission Tomography System; Leads the industry in PET system market share, clinical applications

October 24, 2002

SAN DIEGO--(BUSINESS WIRE)--Oct. 24, 2002--GE Medical Systems, a unit of General Electric Company (NYSE: GE), announced at the annual conference of the Academy of Molecular Imaging that it has installed its 300th positron emission tomography (PET) system. This milestone includes 100 PET/Computed Tomography (CT) systems. PET currently is a strategic platform for molecular imaging research.


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GE Medical Systems Installs 300th Positron Emission Tomography System; Leads the industry in PET system market share, clinical applications

October 24, 2002

SAN DIEGO--(BUSINESS WIRE)--Oct. 24, 2002--GE Medical Systems, a unit of General Electric Company (NYSE: GE), announced at the annual conference of the Academy of Molecular Imaging that it has installed its 300th positron emission tomography (PET) system. This milestone includes 100 PET/Computed Tomography (CT) systems. PET currently is a strategic platform for molecular imaging research.


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