See the charts on the following pages for additional details about our 2Q 16 earnings.

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1 Brigid Tobin Manager, Investor Relations GE 201 High Ridge Road Stamford, CT USA T brigid.m.tobin@ge.com July 25, 2016 Below is our fixed income investor relations update for the second quarter of GE Chairman and CEO Jeff Immelt said The diversity and scale of our portfolio enabled the company to perform well despite a volatile and slow growth economy. We delivered $0.51 of earnings per share with strong execution in Power, Aviation and Healthcare that offset challenging environments in Oil & Gas and Transportation. We expect strong organic growth in the second half of the year and reaffirm our 2016 operating framework. 2Q Highlights GE Industrial operating + Verticals EPS $ % Industrial margins ex Alstom 14.2%, flat to prior year +10bps YTD Industrial segment organic revenues $24.4 billion in 2Q 16; (1)% YTD GE CFOA, $10.7 billion; Industrial CFOA $0.4 billion (excluding deal taxes) Orders $26.6 billion, (2)%, (16)% organic; record backlog $20 billion, +17% vs. 2Q 15, +6% ex. Alstom Alstom EPS impact of $0.01 in 2Q; on track to deliver ~$0.05 in 2016 $18 billion returned to shareholders; $1.7 billion through buyback Restructuring and other items of $(0.14) billion pretax in 1H 16; total year gains will equal restructuring 2Q Highlights GECC $181 billion of dispositions sales signed through 2Q 16, $158 billion closed through 2Q; ahead of plan; additional $2 billion signed and $10 billion closed in July Verticals performing well, EPS of $0.05 $11 billion dividend to parent in 1H, Additional $4B paid in July; on track for ~$18 billion in 2016 SIFI de-designation effective June 28; first institution to complete this process Ending net investment (excluding liquidity) was $79B -a) Liquidity position remains strong $56B of liquidity -b) at quarter end Commercial paper constant at $5B See the charts on the following pages for additional details about our 2Q 16 earnings. (a- $116B including discontinued operations (b- Liquidity includes cash & equivalents (including discontinued operations and held for sale balances) and high quality investments 1

2 GE Capital Business Highlights GE received approval of its request to the Financial Stability Oversight Council (FSOC) for rescission of GE Capital s designation as a nonbank Systemically Important Financial Institution (SIFI). The FSOC s decision reflects the substantial reduction in GE Capital s size and risk profile and confirms that GE Capital does not pose any threat to U.S. financial stability. GE s request, filed at the end of March 2016, detailed the changes and dispositions GE Capital has made since being designated as a SIFI in 201 and, in particular, since GE announced in April 2015 that it would become a more focused digital industrial company by dramatically reducing the size of GE Capital. GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, announced delivery of four new leased Boeing aircraft, powered by CFM56 engines, to Hainan Airlines to expand the carrier s fleet. The aircraft were part of GECAS existing order book with Boeing. Hainan Airlines is a longstanding GECAS customer and is the largest private airline in the People's Republic of China. It operates a fleet of more than 160 aircraft to more than 90 destinations. GE has entered into separate agreements with three buyers to sell the bulk of GE Capital s U.S. restaurant franchise financing assets. The combined transactions represent ending net investment (ENI) of approximately US$1.4 billion as of first quarter 2016 and are collectively expected to release approximately US$0.2 billion of capital to GE. The transactions are expected to close in the third quarter this year GE Capital Aviation Services (GECAS) - GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, announced delivery of a new leased Boeing aircraft powered by CFM engines to Air China. Earlier this year, GECAS delivered another leased Boeing to Air China. Both were part of GECAS existing order book with Boeing. Air China is a longstanding GECAS customer and is the flag carrier of the People s Republic of China with a fleet of more than 00 aircraft. Upcoming events: October 21, 2016 GE rd Quarter 2016 Earnings Webcast - 8:0am For presentations, news and additional information, please visit our investor website at Best regards, 2

3 GE Company 2Q 16 overview: Environment Slow growth and volatile environment GE Capital de-designated as a SIFI; Appliances & GEAM deals closed GE executing well: Industrial operating + Verticals -a) EPS $.51, +65% with Industrial +77%, +5% excluding gains/restructuring Alstom $.01 EPS in 2Q; segment FX impact of $(.01) Industrial margins -b) ex. Alstom flat +10 bps YTD CFOA $.5B -c) due to Capital dividend Industrial Reported Organic Orders Segment revenue Segment op profit Industrial op profit -b) (2)% 7% (5)% (2)% (16)% (1)% (6)% (4)% Execution versus goals 2016 Goals 1H 16 Grow Industrial profit -b) ()% Organic revenue growth (2-4%) (1)% Margin expansion ex. Alstom +10 bps. Alstom EPS ~$.05 $- Segment FX impact $(.0) Disciplined/balanced capital allocation CFOA $0-2B -c) $11.4B Capital dividend ~$18B -d) $11.0B FCF + disp. $28-1B -c) $14.1B Cash to investors ~$26B $18.0B +40 bps. ex. FX $15B July YTD Portfolio actions $181B GE Capital signings GE Capital SIFI de-designation Appliances closed GE Asset Management closed in July (a- Verticals include businesses expected to be retained including allocated corporate costs (b- Excluding gains and restructuring & other items (c- Deal taxes are excluded from CFOA and included in dispositions (d- Subject to regulatory approval GE total company 2Q 16 results: ($ in billions except EPS) 2Q 16 V% Revenues $.5 15% Industrial -a) Verticals -b) 2.6 (8) Other Capital -c) 0.2 F Industrial + Verticals EPS Operating EPS.9 86 Continuing EPS.6 F Net EPS.0 F CFOA YTD $10.7 F - Industrial CFOA ex. deal taxes 0.4 (89) 2Q 16 2Q 15 Consolidated tax rate 1% 1% GE (ex. Capital) Capital 27 U Industrial + Verticals EPS Industrial operating Capital Verticals -b) ($ in millions) Revenues Op profit ex. $ V% $ V% Alstom Power $6,69 1% $1,140 9% - % Renewable Energy 2, (11) (12)% Oil & Gas,219 (22) 20 (48) Energy Connections 2, (57) U Aviation 6, ,48 6 Healthcare 4, Transportation 1,240 (1) 27 (18) Appliances & Lighting 1,667 (25) 96 (42) Industrial Segments 28,60 7/(1) 4,122 (5)/(6) (9)% Corporate -d) (1,06) (1) (456) 2 Industrial -d) $27,595 6% $,667 (2)/(4)% 2Q 16 V% $.46 77%.05 - $.51 65% Organic Adj. -d) V% $.5 5%.05 - $.40 29% Organic Organic (a- Includes GE-GE Capital eliminations (b- Verticals include businesses expected to be retained including allocated corporate costs (c- Other Capital includes HQ run-off & exit-related items (d- Excludes gains and restructuring & other

4 GE Capital 2Q 16 results: ($ in millions) 2Q 16 performance Earnings Verticals -a) $452 Other Continuing (1,051) Capital $(600) Disc. Ops. (544) GE Capital $(1,14) Other Continuing includes excess interest expense, preferred cost, restructuring, opex $79B of ENI ex. liq. $116B incl. Disc. Ops. $56B of liquidity -b) CP constant at $5B Signings Closings GE Capital update Asset sales -c) ~$158B thru 2Q 16 SIFI de-designation effective 6/28 first institution to complete this process $15B dividend YTD on track for $18B -d) in 16 $.5B paid in 2Q, $11B as of 1H 16 $4.0B paid in July ~$181B thru 2Q 16 ~$10B QTD ~$2B To go ~$8B To go GE Capital continuing to perform ahead of plan (a- Verticals include businesses expected to be retained including allocated corporate costs (b- Liquidity includes cash & equivalents (including discontinued operations and held for sale balances) and high quality investments (c- ENI ex. liquidity as of 4Q 14 (d- Subject to regulatory approval Note: Individual amounts are rounded. As a result, the sum of the parts presented may not add to the total 2016 operating framework 1 2 Operating EPS -a) $ Free cash flow $28-1B + dispositions $29-2B Organic growth of 2-4% Core margin expansion O&G ~0% offset by Aviation, Healthcare, Renewables, Power $ B Alstom ~$.05; Appliances gain $.20 Restructuring = gains Total FX impact ~$(.02) at today s rates $(.02)-(.04) CFOA of $0-2B -b) ; ~$18B Capital dividend -c) $-4B -b) Dispositions of $2-B -b) Net P&E of ~$4B Cash returned to investors ~$26B Dividend of ~$8B Buyback of ~$18B (a- Industrial + Verticals (b- Deal taxes are excluded from CFOA and included in dispositions (c- Subject to regulatory approval 4

5 GE Capital 2Q 16 segment results: ($ in millions net earnings) 2Q 16 2Q 15 V% GECAS $66 $61 1% EFS (10) Industrial Finance Other -a) (115) (5) U Verticals $452 $51 (15)% Other continuing operations b) (1,051) (1,024) () Capital segment profit/(loss) $(600) $(49) (22)% Earnings/(loss) from discontinued ops. (544) (,06) 82 GE Capital net earnings/(loss) $(1,14) $(,529) 68% (a Includes run-off insurance business and allocated corporate costs (b Includes impact of preferred stock dividends Note: Individual amounts are rounded. As a result, the sum of the parts presented may not add to the total GE Capital Funding ($B): ($ in billions) Debt composition a) Comments Non-recourse Securitization LT debt -b) Alternative funding/other Comm l. paper $225 $168 $1 -c) Q 15 1Q 16 2Q 16 Maintaining $5B CP outstanding No incremental LT debt issuance in line with April 2015 announcement $16B of maturities in April 2016 driven by 2015 debt exchange Completed ILC deposit sale to Goldman Sachs ($16B) on April 18th (deposits in discontinued operations) Bank lines -d) $45 $42 $20 Liquidity -e) $85 $106 $56 LT debt <1yr. $6 $49 $25 Completed long term debt tender ($5B) (a - Continuing operations (excludes obligations issued to third parties that we reported in Discontinued operations or Held-for-Sale) (b - Includes $65B of GE Capital debt maintained as intercompany debt with GE Company as of 2Q 16 ($70B assumed by GE Company offset by $5B intercompany loan to GE) (c - Includes ~$0.5B YTD FX impact and ~$1.1B YTD FAS 1 (d - Bank lines maintained at GE Company since Dec 15 but can be drawn and lent to GE Capital upon request (e - Liquidity includes cash & equivalents (including discontinued operations and held for sale balances); 2Q 16 includes $9.2B of high quality investments 5

6 CAUTION CONCERNING FORWARD-LOOKING STATEMENTS: This document contains "forward-looking statements" that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. For details on the uncertainties that may cause our actual future results to be materially different than those expressed in our forward-looking statements, see as well as our annual reports on Form 10-K and quarterly reports on Form 10-Q. We do not undertake to update our forward-looking statements. This document also includes certain forward-looking projected financial information that is based on current estimates and forecasts. Actual results could differ materially. NON-GAAP FINANCIAL MEASURES: In this document, we sometimes use information derived from consolidated financial data but not presented in our financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data are considered non-gaap financial measures under the U.S. Securities and Exchange Commission rules. These non-gaap financial measures supplement our GAAP disclosures and should not be considered an alternative to the GAAP measure. The reasons we use these non-gaap financial measures and the reconciliations to their most directly comparable GAAP financial measures are posted to the investor relations section of our website at We use non-gaap financial measures including the following. Operating earnings and EPS, which is earnings from continuing operations excluding non-service-related pension costs of our principal pension plans. GE Industrial operating & Verticals earnings and EPS, which is operating earnings of our industrial businesses and the GE Capital businesses that we expect to retain. Industrial segment organic revenue, which is the sum of revenue from all of our industrial segments less the effects of acquisitions/dispositions and currency exchange. Industrial segment organic operating profit, which is the sum of segment profit from all of our industrial segments less the effects of acquisitions/dispositions and currency exchange. Industrial cash flows from operating activities (Industrial CFOA), which is GE s cash flow from operating activities excluding dividends received from GE Capital. Capital ending net investment (ENI), excluding liquidity, which is a measure we use to measure the size of our Capital segment. General Electric Capital Corporation (GECC) has been merged into GE and our financial services business is now operated by GE Capital Global Holdings LLC (GECGH). In this document, we refer to GECC and GECGH as GE Capital. We refer to the industrial businesses of the Company including GE Capital on an equity basis as GE. GE (ex-ge Capital) and /or Industrial refer to GE excluding GE Capital. GE s Investor Relations website at and our corporate blog at as well as GE s Facebook page and Twitter accounts, contain a significant amount of information about GE, including financial and other information for investors. GE encourages investors to visit these websites from time to time, as information is updated and new information is posted. 6