GE Capital. Long Term Debt Overview. Unsecured debt with maturities from 1-30 years. Imagination at work first quarter

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1 Long Term Debt Overview Unsecured debt with maturities from 1-30 years "This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 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." Imagination at work first quarter

2 structure Support GE support to ensure GECC 1.1x fixed-charge coverage ratio (strengthened Income Maintenance Agreement in 2009) History of capital infusion or dividend reductions when necessary General Electric Company AA+/Aa3 (stable) 100% Commitment to local markets GECC unconditional guarantee Highly rated parent Proceeds used primarily to fund local assets Access to deeper investor base GE Japan Funding KK General Electric Capital Corporation Primary GE Issuer/Guarantor AA+/A1 (stable) 100% UK Funding Owns all of GE s financing assets European Funding New Zealand Funding Australia Funding Canada Funding Mexico Funding

3 GE credit ratings Moody s Rating Short Term Long Term Short Term S&P Rating Long Term General Electric Company P-1 Aa3 A-1+ AA+ General Electric Capital Corporation P-1 A1 A-1+ AA+ Australia Funding* A1 AA+ Canada Funding* A1 AA+ European Funding* P-1 A1 A-1+ AA+ UK Funding* P-1 A1 A-1+ AA+ * Ratings shown for this entity represent the ratings assigned to short term and long term debt, as applicable, issued by this entity, and not the ratings of the entity. Debt issued by this entity is guaranteed by General Electric Capital Corporation.

4 GECC funding ($ in billions) Non-recourse Securitization Debt composition a) $ $371 $365 -b) Funding strategy Centralized Treasury operation No speculative trading not a profit center LT debt Matched funding policy Diversification of funding Deposits/CDs Alternative funding/other Commercial paper Q'13 4Q'13 1Q'14 Equity c) $84 $83 $85 Cash & equiv. $68 $75 $75 Bank lines $48 $48 $47 CP coverage 100%+ 100%+ 100%+ LT debt <1yr. $35 $39 $41 (a - Continuing operations (b - Includes ~$1.1B YTD FX impact and ~$0.9B YTD FAS 133 (c- Total equity ex. non-controlling interests Rigorous liquidity management Cash $75B at 100%+ coverage of next 12 months LT debt maturities Bank lines $47B at 100%+ coverage of commercial paper Strong implicit and explicit GE parent support Income Maintenance Agreement 4

5 Commercial paper Global Outstanding ($B) Highlights Int l U.S. $101 $72 GECC U.S. Market share down from 5.1% in 07 to ~2.1% at 1Q 14 Credit ratings A-1+/P-1 Issue in four currency markets USD paper placed directly with end investors by experienced team in U.S. $29 14% 86% $25 Committed undrawn credit lines $47B from ~50 institutions globally Q'14 Significantly reduced footprint lowest CP balance in 20+ years 5

6 Unsecured long term debt dynamics GECC unsecured issuances and maturities ($B) Issuances Maturities Called ~ '07 '08 '09 '10 '11 '12 '13 '14E Share of USD issuance 4.6% 2.8% 1.8% 1.8% 1.6% 1.5% 1.1% 2013 total year issuance - $32B USD- Institutional 37% USD- Retail 13% EUR 22% Other 6% SEK 3% CAD 5% GBP 7% Issuance in 11 currencies ~8 year WAM Smaller market footprint <2% of USD investment grade index Support from diverse investor base AUD 7% Committed to current rating (AA+/A1) 2014 YTD issuance ~$5B in three currencies ~$(150)B of net negative supply in (a- senior unsecured long term debt; Maturities excludes callable LT debt non-guaranteed, LT debt from alternative funding/ other sources 6

7 5yr bond spread vs. peers OAS over Treasuries (bps) May-13 Aug-13 Nov-13 Feb-14 FinCo Idx Bank Idx C JPM GECC Aa Corp WFC Source: Barclays Capital 7

8 Summary ($ in billions) Net income a) $8.3 $7.4 $6.6 Key messages Smaller and safer franchise Our businesses are strong and well positioned competitively 2011 $ ENI ($B) -b) $418 $380 Capital levels are in excess of expected targets We have strong liquidity and funding continuing to diversify funding sources Regulatory policies continue to evolve Designated nonbank SIFI Strong and valuable franchise 8 a) - Earnings from continuing operations attributable to GECC b) - Ending net investment ex. cash and equivalents

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