GE reported preliminary unaudited results for its 2008 fourth quarter. Revenues were $183 billion, in line with expectations. Continuing earnings per share were $1.78, also meeting expectations. Industrial cash flow from operating activities was $16.7 billion, slightly higher than expected. The results demonstrate that GE executed on its plan and prepared for a difficult 2009. GE is focused on intensifying management processes, increasing cash focus, repositioning its Financial Services business, and lowering costs through $1.5 billion in restructuring and other charges.

1. GE 2008 fourth quarter
performance
January 23, 2009
– Financial results & company highlights
quot;Results are preliminary and unaudited. 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 “expect,” “anticipate,” “intend,” “plan,” believe,” “seek,” or “will.” Forward-looking statements
by their nature address matters that are, to different degrees, uncertain. For us, particular uncertainties that could adversely or positively affect our future results include: the behavior of financial
markets, including fluctuations in interest and exchange rates, commodity and equity prices and the value of financial assets: continued volatility and further deterioration of the capital markets;
the commercial and consumer credit environment; the impact of regulation and regulatory, investigative and legal actions; strategic actions, including acquisitions and dispositions; future
integration of acquired businesses; future financial performance of major industries which we serve, including, without limitation, the air and rail transportation, energy generation, media, real
estate and healthcare industries; and numerous other matters of national, regional and global scale, including those of a political, economic, business and competitive 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.“
“This document may also contain non-GAAP financial information. Management uses this information in its internal analysis of results and believes that this information may be informative to
investors in gauging the quality of our financial performance, identifying trends in our results and providing meaningful period-to-period comparisons. For a reconciliation of non-GAAP measures
presented in this document, see the accompanying supplemental information posted to the investor relations section of our website at www.ge.com.”
“In this document, “GE” refers to the Industrial businesses of the Company including GECS on an equity basis. “GE (ex. GECS)” and/or “Industrial” refer to GE excluding Financial Services.”

2. Environment
Status since
Impact December
Industry deleveraging … credit loss estimate Still tough
($2T) … reducing liquidity
Financial Services industry restructuring Still tough
Global recession … growing unemployment Still tough
Broad deflationary cycle begins Better
Massive government stimulus Better
Very tough environment
Preliminary 2008 fourth quarter results/2

3. Running GE
1 Intensified management processes 4 New Financial Services business model
Redefined Operating Council & Smaller, more focused
Capital BOD Business exits
More frequent rhythm Funding secure
New compensation tools Risk reduction
2 Diversified & protecting revenues 5 Lowering cost
Services provide foundation $1.5B restructuring & other charges
Global diversity Deflation accelerating
Invest in R&D/content Fewer people … less spending
Financing available
6 Positioned for stimulus
3 Increased cash focus Global … company-to-country
Strong working capital results Renewables/Smart Grid
Equity raise Healthcare IT
Focused reduction in assets
Focused execution
Preliminary 2008 fourth quarter results/3

4. Operations update
1 Completed 2008 in line with December meeting and prepared for
a difficult 2009
2 Executing on liquidity and cash plan … support capital allocation
3 Capital Finance repositioning on track
$8.6B earnings in 2008
~$5B earnings in 2009
No change to
2009 framework
4 Infrastructure & Media remain solid
10% growth in 2008
0-5% growth in 2009
Preliminary 2008 fourth quarter results/4

5. Completed 2008 &
1
prepared for 2009

6. Results in line with December outlook
($ in billions – except EPS)
December
outlook Actual Assessment
Revenues ~$185 $183 /–
4Q’08 restructuring & other charges $1.0-1.4 $1.5
Continuing earnings per share–a) $1.78 - $1.82 $1.78
Continuing earnings–a) ~$18 $18
Industrial CFOA ~$16 $16.7 +
(a- attributable to common shareowners
Results in line with December outlook
Preliminary 2008 fourth quarter results/6

7. 4Q’08 key performance metrics
(Continuing operations)
Growth (V%) 4Q’08 EPS
+7% $0.36
$0.37 $0.35
Infrastructure
(2)%
orders
Industrial Net
Capital
sales Continuing Continuing earnings
Finance
(Ex. effects (Attributable to
(6)% assets of pref. div.) common shareowners)
Returns Margins Cash
+5%
$16.7
14.8% 18.3% 17.3%
4Q’08 4Q’08 YTD
4Q'07 4Q'08
ROTC Ind’l. CFOA
Segment op. profit %
Preliminary 2008 fourth quarter results/7

8. Fourth quarter consolidated results
($ in billions – except EPS) ($ in millions)
Results
Continuing operations Segment Segment
Revenues profit
4Q’08 V%
$ V% $ V%
Revenues $46.2 (5)%
– Industrial sales 31.1 7
Energy Infra. $11,407 21% $2,006 11%
– Financial Svcs. rev. 15.8 (18)
Continuing earnings-a) 3.9 (43) Technology Infra. 12,555 1 2,495 1
Continuing earnings-b) 3.8 (44)
EPS – continuing-a) .37 (46) NBC Universal 4,430 (3) 865 (6)
EPS – continuing-b) .36 (47)
– net earnings-b) .35 (47)
Industrial (ex. C&I) 28,392 7 5,366 3
CFOA YTD 19.1 (18)
Capital Finance 14,766 (17) 1,030 (67)
– Industrial CFOA 16.7 5
4Q’08 YTD
C&I 2,747 (17) 36 (86)
Tax rate (56)% 5%
– GE (ex. GECS) 17 25
$45,905 (4)% $6,432 (25)%
– GECS Fav (44)
(a- excludes effects of preferred dividend
(b- attributable to common shareowners
Preliminary 2008 fourth quarter results/8

9. Tax
($ in billions)
GECS 4Q’08 tax benefit ’09 framework
Impact on
4Q’08
tax rate
GECS tax
$0.03 benefit
Restructuring
4Q’07 1 ’09 provision for
& other
GECS
losses > ’08
high tax
taxes
jurisdiction
income
One-time
$(0.9) global
2 Lower restructuring
Higher benefits
losses/ & other
impairments
$(0.8)
3 Lower global benefits/
$(2.1)
$(0.4)
one-time items
$0.5B benefit from 4Q’08 pretax
loss of $1.5B
Lower benefits in ’09 but
still expect a negative tax rate
Preliminary 2008 fourth quarter results/9

10. 4Q’08 restructuring & other items
($ in billions – after tax)
December
$2.2B assumptions Actual
Marks & impairments ~$0.7 $0.7
Marks &
0.7 - Investment securities $(0.7)
impairments
- Assets/commodities $(0.5)
+ FX/other +$0.5
Corporate funded restructuring ~0.5-0.9 1.0
& other charges
- Infrastructure $(0.2)
- NBCU $(0.1)
Restructuring,
- Capital Finance $(0.5)
1.5
reserves &
- Corporate/other $(0.2)
other items
Capital Finance reserves ~0.5 0.5
4Q'08
Strong actions taken
Preliminary 2008 fourth quarter results/10

11. Preparing for difficult ’09
($ in billions – total year)
$1B of
1 Proactively restructured cost base cost out
$1.5B $23B–a) in ’09
‒ Reducing work force
‒ Simplified organization
‒ Fewer layers/rooftops
Transaction
2 Exits of non-core & underperforming status
assets
‒ CPS
‒ Thai Auto
‒ PMG
’08 restructuring Ending net
‒ Japan Consumer
& other investment (ENI)
‒ Germany Consumer
charges reduction
‒ Santander swap (Austria, Finland, U.K.)
from exits
‒ Australia Wizard LOI
(a- includes $9B ’09 ENI reduction
Proactively prepared for a tough 2009
Preliminary 2008 fourth quarter results/11

12. Execute on liquidity
2
& cash plan

13. Financial Services liquidity
($ in billions)
Liquidity considerations
Commercial paper
$101 1 CP dynamics are more positive
$72
+ Market stabilized
$50
+ GE CP demand ; cost down; maturity on target
+ Balance down to $72B … ahead of plan
2009
4Q’07 4Q’08
+ Back-up lines + cash > CP
target
+ No CPFF use since November
ENI (ex. cash)
$583 $536
2 Demonstrating ability to manage long-term debt
maturities through origination & collections
+ Cash $36B vs. $13B in 3Q
3Q’08 4Q’08
Alternative funding
$81
$55
3 Retail funding sources growing successfully …
$30
CDs/deposits up $25B in ’08 to $36B
+ Consistent with December outlook
2009
4Q’07 4Q’08
target
Executing liquidity plan ahead of schedule
Preliminary 2008 fourth quarter results/13

14. GECC leverage & debt plan
Leverage Debt issuance plan
7:1 ~$45
$29
1Q’09
$16 to date
$13 4Q’08
4Q’08 TY’09 Completed
estimate to date
Infused $5.5B cash into GECS Long term debt issuance ahead of plan
7:1 leverage – debt net of cash & ~64% of ’09 funding needs complete
includes hedged hybrid equity Non-FDIC guaranteed debt issued in Jan.
$126B guaranteed debt capacity under TLGP
Met leverage commitments … debt issuances ahead of plan
Preliminary 2008 fourth quarter results/14

15. GE cash
($ in billions)
GE CFOA GE excluding GECS
Total
V%
$23.3
$19.1 (18)% 4Q’07 $6.7
GECS 7.3
2.4
dividend
CFOA 19.1
Dividend (12.4)
16.0 16.7 5%
Industrial Equity issuance 15.0
CFOA
GECS contribution/buyback (8.7)
P&E (3.0)
'07 '08
Acquisitions/dispositions (3.1)
• GECS dividend down $4.9B
Change in debt/other (1.5)
– Non-repeat of Swiss Re & GE Life
proceeds in 1Q’07
4Q’08 $12.1
– Regular GECS dividend at 10%
from 3Q’08 (vs. 40%)
Consolidated cash $48B at year end vs. $16B 3Q’08
Preliminary 2008 fourth quarter results/15

16. Capital Finance
3
repositioning on track
2009 earnings of ~$5B

17. GE Capital Finance
($ in billions)
Earnings Our focus
1 Manage current cycle in a safe & responsible way
$8.6
‒ Reposition funding model
‒ Manage credit cycle
2 Reposition GE Capital as a well-
~$5
funded, smaller finance company
‒ Outperform in 2009
‒ Position business to grow in 2010 & beyond
3 Support customers through new origination
‒ $48B in 4Q … plan for $150-200B in ’09
‒ Focus on mid-market, verticals, consumer
'08 '09F
Challenging year but strong relative performance
Preliminary 2008 fourth quarter results/17

18. Capital Finance highlights
($ in millions)
4Q discussion points
4Q’08 $ V%
Revenues $14,766 (17)% GE Money executing on business exits,
Segment profit $1,030 (67)% cost-out & deposit-funding; while
increasing reserves
Assets $573B (2)%
Key 4Q business results Real Estate debt portfolio performing …
Assets Segment equity gains significantly, plan to hold
($B) profit ($MM) long term
$ V% $ V%
CLL originating at higher margins while
GE Money $184 (12)% $832 (14)%
integrating Merrill/Citi & taking cost out …
Real Estate 85 8 (60) U $0.4B of marks, increased reserves
CLL 232 1 (200) U
Capital Solutions 119 (3 ) 92 (84) Verticals performing well – growing
Energy renewables, only 1 GECAS aircraft
GECAS 49 5 239 (5)
on ground
EFS 22 18 219 24
$1B net income as expected
Preliminary 2008 fourth quarter results/18

19. Capital Finance portfolio quality
($ in millions)
Commercial Consumer
30+ delinquency Non-earners
2.17%
10.74% 5.57%
9.28%
4.64%
8.53% Mortgage
1.61% 7.80% 4.17% Mortgage
7.26%
1.48% 3.77%
7.47%
1.36% 6.39% 3.40%
5.92% 3.40%
5.38% 5.66%
1.21%
2.54% 2.78%
Total
Delinquencies
2.12% 2.34%
1.38% Total
Non-earners 5.62%
4.30% 4.36% 4.34% 4.70% Non-mortgage
1.01%
1.77%
Non-mortgage
0.83%
0.82% 0.80% 1.44%
1.21% 1.24% 1.31%
4Q'07 1Q'08 2Q'08 3Q'08 4Q'08 4Q'07 1Q'08 2Q'08 3Q'08 4Q'08 4Q'07 1Q'08 2Q'08 3Q'08 4Q'08
Drivers Drivers
Continued delinquency pressure across NA unsecured & U.K. mortgage markets deteriorate further
most portfolios +56 bps. vs. 3Q’08 … ‒ Delinquencies up 108 bps. vs. 3Q’08 … NA +64 bps., U.K. +29 bps.
Capital Solutions +38 bps., HFS +14 bps. ‒ Non-earners up 62 bps. vs. 3Q’08 … NA +17 bps., UK +28 bps.
Non-earners +37 bps./$697 vs. 3Q’08 ‒ Lower volume impacting rate … mortgage down 69%
‒ Driven by senior secured loans … Mortgage loss rates rising but remain low
expect significant recovery ‒ 4Q’08 write-offs of $109MM … 0.67% of financing receivables
‒ Current portfolio LTV at 76%, plus insurance coverage
‒ UK repo stock flat vs. 3Q’08
Preliminary 2008 fourth quarter results/19

20. Credit losses & reserves
($ in billions)
Credit losses (pretax) Consumer
+69% +64% ~$9.0 ~$10
U.S. Card & Sales Finance
$7.5 ~$7.2
– Increased reserves by $0.5B in 4Q
– Coverage rate +178 bps. to 6.15%
Consumer
$4.4
– Reserves/non-earnings 224%
$3.0
$3.2 $3.2
$3.0
$2.5
Mortgage
– Coverage rate 56% to .64%
Commercial
– Reserves/non-earnings 11.5%
'02 '03 '04 '05 '06 '07 '08A '09E
– Average LTVs 76%
Reserves
Exits
& FX $0.5 ~$6.6 $7.2
Commercial
$5.3 ~$5.8
$5.2 $4.9
$4.6
$4.2 Consumer Reserves increased by $0.4B in 4Q’08
$3.9 $3.9
– Coverage rate 40% to .74%
Commercial
Well underwritten portfolio of assets &
strong asset management capabilities
'02 '03 '04 '05 '06 '07 '08A '09E
Cov. 2.44% 2.36% 1.85% 1.42% 1.21% 1.10% 1.38% 1.61% 1.96%
1.41%
Planning for tougher loss environment than we showed on 12/2
Preliminary 2008 fourth quarter results/20

21. Capital Finance framework
($ in billions)
Capital
Finance Trend Dynamics
2008 earnings $8.6B Real Estate + Debt ~60% of portfolio
– Planning for $0-(0.5)B loss
– Embedded loss ~$4B (pretax)
Assets/portfolio ~0-(1.0)
+ Operator … ability to hold long term
GE Money + Deposit base
Gains (1.4)-(1.8)
- Loss pressure
- Lower volume
Losses (1.3)-(2.0)
CLL + Mid-market strength
+ Consolidation savings
SG&A cost 1.1-1.3 - Recessionary pressure
Verticals + Deep domain
Tax (1.0)-(2.0)
+ Attractive returns
– Lower asset sales
2009 estimated earnings ~$5B
Higher margin new business … reinvest
run-off/restructure into higher return core
Preliminary 2008 fourth quarter results/21

22. Infrastructure &
4
Media solid

23. 4Q’08 Infrastructure orders
Equipment Services
4Q’08 TY’08 4Q’08 TY’08
(V%) (V%)
Energy –% 26% Energy –% 7%
O&G (19 ) (11 ) O&G 2 25
Aviation (26 ) (13 ) Aviation 9 10
Transportation (48 ) (59 ) Transportation (10) 18
Healthcare (6 ) 2 Healthcare 1 7
Ent. Solutions (8 ) 3 Water 1 8
Total equipment (11)% 1% Total services 2% 10%
Energy … Thermal +1%, Wind +5% Energy … core Power Gen offset by Nuclear
Healthcare … Life Sciences +20%, Surgery O&G … upgrades and short cycle down
favorable, DI 14% Aviation … Military & Commercial strength
Aviation … tough comps
+11% in
($ in billions – orders 4 quarter rolling average)
$121
CSA backlog
2008
$14
Orders
$93
$11
+6% in
Backlog $51 2008
$31
4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
’06 ’07 ’08 ’06 ’07 ’08
Dec. Analyst Actual
Equipment ~(10)% (11)%
Services 0-5 2 Preliminary 2008 fourth quarter results/23
Total backlog +$15B in 2008, +9%

24. Energy Infrastructure highlights
($ in millions)
4Q dynamics
4Q’08 $ V%
Energy
Revenues $11,407 21% • Orders flat … backlog up 14%, $24B … CSA
portfolio +$3.4B
Segment profit $2,006 11%
• $0.2B Iraq orders in 4Q … ~$2.8B in ’09
• Revenue growth +29% … Thermal +76%,
Wind +29% … Aero +88%
Key 4Q business results • Service revenues +3% … tough comps
Segment • Segment profit +15% … positive value gap,
Revenues profit Wind & Thermal margin expansion
$ V% $ V% • Equipment growth vs. services mix
impacting op. profit by (179) bps.
Energy $8,942 29% $1,639 15%
Oil & Gas
Oil & Gas 2,096 (4) 406 22
• Orders (11)% … backlog down 1%, $7.6B
• Revenues (4)% … organic +1%
• Strong services performance, +14%
• Segment profit +22% … price & productivity
strong drivers
Double digit growth Preliminary 2008 fourth quarter results/24

25. Technology Infrastructure highlights
($ in millions)
4Q dynamics
4Q’08 $ V% Aviation
• Orders (12)%, service orders +9%, ’08 backlog
Revenues $12,555 1%
+12% to $26B
Segment profit $2,495 1% • Revenue growth +2% … commercial/military
equipment revenue +6%, service (2)%
• Segment profit growth +21% … favorable price,
Key 4Q business results
cost productivity
Healthcare
Segment
Revenues profit • Orders (4)% … equipment orders (6)%, service
$ V% $ V% orders +1%, U.S. DI equipment orders (30)%
• Revenues (3)% … services +1%, equipment (5)%
Aviation $5,155 2% $1,161 21%
Transportation
(9)–a)
Healthcare 4,823 (3) 942 • Orders (23)%, 1,648+ units in backlog
• Revenue growth +20% … global loco + 29%
Transportation 1,410 20 212 (16)
• Segment profit impacted by costs for new
(a- October 12, 2007 8-K adjustment added $350MM revenue &
international platform build
$162MM operating profit to previously reported 2007
Mixed environment
Preliminary 2008 fourth quarter results/25

26. Segment highlights – NBCU
($ in millions)
4Q’08 $ V%
Revenues $4,430 (3)%
Segment profit $865 (6)%
4th quarter dynamics
1 Cable 3 Film & Parks
+/- Tough fall in a crowded market …
+ Cable strong everywhere, USA #1
Changeling, Express, offset by Mamma Mia
+ Bravo, SciFi, USA up double digits
video
+ MSNBC +37% – fastest growing news
+ Milk, Frost/Nixon received Oscar nominations
channel in prime … quot;the place for politicsquot;
+/- Record DVD sales … >100MM units sold, but
+ CNBC +14% – remains clear leader in
catalog weaker than expected
business news
+/- Parks per caps strong; attendance mixed
2 Broadcast 4 Digital, cost, other
– Significant market downturn in Stations + hulu a real success
– Difficult fall primetime season – Economy hitting internet ads
+ TV studio continues to perform … key profit + Reducing costs and headcount across the
driver with very strong margins board
+ NBC News remains a strong #1 + Rightsizing network model
+ Changing broadcast model … signed Leno +/- Insurance settlement offset by asset write
for 10 p.m. slot downs
Solid performance in tough environment
Preliminary 2008 fourth quarter results/26

27. Industrial business model keys
($ in billions)
1 Infrastructure equipment 2 Global
$51 $17 + 2008 growth +9%
Stimulus drivers: + $0.2B of ~$3B Iraq order
+ Healthcare IT booked 4Q’08
+ Smart Grid + ~$1B Saudi gas turbine
+ Wind/renewables order booked 4Q’08
+ Global healthcare + China healthcare +33%
4Q backlog 4Q international
revenues
Services Margins
3 4
$9.4 17.3%
+ 2008 growth +10% + Positive value gap
+ Margins ~26% + Equipment/services
+ Backlog $121B turns positive in 2009
+ Installed base + Deflation accelerating
working harder
4Q service 4Q segment op.
revenues profit margin
Global & services remain robust … stimulus helps
Preliminary 2008 fourth quarter results/27

28. Cost focus … more & sooner
5
($ in billions)
Direct material Base cost Indirect cost
December
$53 $51
$44 $41
$24 $22
'08 '09F '08 '09F '08 '09F
Deflation & exchange Proactive restructuring Sourcing deflation (7)%
favorability Headcount reduction Headcount impact on
Reenergized global indirect spend (3)%
Lower spend rates
supply chain
More
Better Done planned
Substantial reduction in ’09 cost
Preliminary 2008 fourth quarter results/28

29. ’09 operating framework
Factors
’09F
Revenues 0-(5)% + ~3% Industrial organic growth
‒ Shrink Financial Services (5)%, economy, credit
Industrial segment profit +0-5 + Backlog, service, gov’t. investment, cost
(ex. C&I) ‒ Economy, credit
Capital Finance earnings ~$5B + Margins, cost
U.S. principal
‒ Losses, gains, volume, FX
pension plans
Assets down 28%
No ’09 funding
Corporate cost/C&I Flat + Lower restructuring ’09 expense ~$0.3B
‒ Pension vs. $0.2B in ’08
‒ Tax
+ Plan to run C&I … earning about $0.3B
Preliminary 2008 fourth quarter results/29

30. Capital allocation
Recession deeper & longer
Environment really
Financial Services crisis worse
tough
12 major Financial Services companies downgraded in 4Q
But
Industrial CFOA $16.7B vs. $16B
We hit or beat every
Reduced leverage to 7:1
cash & liquidity
CP reduction ahead of plan
commitment since
~64% of ’09 debt pre-funded
crisis began
Operating Council & GECS BOD drive results
Management focus
Quarterly monthly; monthly weekly
is intense
Aligning compensation around cash
Adjusted in line with environment
Plans are realistic
And
Dividend represents good shareowner return in this environment
Maintain disciplines
Running Company to be Triple A
2009 priorities:
In line with
Invest to grow GE organically
December
Maintain the GE dividend … $13B
outlook
Execute on Financial Services plan
Preliminary 2008 fourth quarter results/30

31. Summary
1 Completed 2008 in line with 3 No change to 2009 financial
December meeting framework
Earned $18B … third highest year Capital Finance at ~$5B
in history Infrastructure & Media +0-5%
Capital Finance earned $8.6B … Corporate/C&I flat with ’08
total Financial Services $7.8B
Infrastructure & Media +10%
4Q in line with expectations Running the Company with
4
intensity
2 Executed on liquidity & cash plan Intensify processes
Generated $16.7B Industrial Diversify & protect revenues
CFOA … above plan Increase cash
ENI reduction of $47B vs. 3Q’08 Change business model
~64% of ’09 debt funding needs Lower cost
completed Position for stimulus
Positioned to outperform in this very tough environment
Preliminary 2008 fourth quarter results/31