GE Commercial Finance Business Credit Names Daniel A. Greene Team Leader for Eastern U.S. Region

Business Wire, April 4, 2005

NORWALK, Conn. -- GE Commercial Finance Business Credit today announced that Daniel A. Greene, Senior Vice President, has been named to the additional post of team leader, East Region, Business Credit. Based in New York City, Mr. Greene will have responsibility for directing Business Credit's overall efforts in the origination of transactions of up to $30 million throughout the East Region, which comprises New England, New York, New Jersey, Pennsylvania, Delaware, and Maryland.

Mr. Greene reports to Gerard Hanabergh, Managing Director, Business Credit.

Mr. Greene has been with GE since April 2003, focusing on the origination of lending transactions for companies in the consumer soft goods industries. Active in the New York based lending industry for more than 25 years, he came to GE from Fleet Boston Financial, where he had responsibility for that bank's New York based apparel & related textiles group. Prior to his assignment at Fleet, Mr. Greene had spent 20 years with The Chase Manhattan Bank in various assignments within their middle market banking group.

"Dan Greene is a highly experienced, seasoned finance professional, whose industry focused efforts on our group's behalf have demonstrated his deep market knowledge, responsiveness to customers, and ability to originate lending transactions that are highly aligned with customer needs and goals," said Mr. Hanabergh. "We are pleased to have Dan take on this leadership role within our group, and look forward to his efforts on behalf of our group's expanding customer service initiatives throughout our East Region."

Mr. Greene holds a bachelor's degree in financial management from Adelphi University.

About GE Commercial Finance Business Credit

GE Commercial Finance Business Credit offers financing of up to $30 million and more, as needed, to manufacturers, distributors, wholesalers, retailers and service providers. Products and services include asset-based lines of credit, letter of credit facilities, acquisition financing, growth capital, bank loan refinancings, term debt and import/export trade services. For more information on the businesses and products of Business Credit, please visit www.gelending.com.

GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $230 billion and is headquartered in Stamford, Connecticut. General Electric (NYSE:GE) is a diversified technology, media and financial services company dedicated to creating products that make life better. For more information, visit the company's website at www.ge.com.