GE Commercial Finance Names Industry Leader to Drive Growth in Aerospace & Defense Market

Business Wire, March 21, 2005

NORWALK, Conn. -- GE Commercial Finance, Commercial & Industrial Finance (CIF) has announced the appointment of Pat Dowling as Industry Leader for the Aerospace & Defense market.

In his new role, Mr. Dowling will be responsible for expanding the global focus for CIF in the Aerospace & Defense industry. CIF will combine access to capital and industry expertise worldwide, through the use of traditional debt, leasing and alternative sources of liquidity to both public and private entities worldwide.

"Pat brings a wealth of experience to our Aerospace & Defense sector and will play a key role in delivering specialized programs to our customers," said Craig Reynolds, Senior Managing Director, GE Commercial Finance, Commercial & Industrial Finance. "His industry knowledge and effective customer insight will accelerate our growth efforts in this important market. "

Mr. Dowling joined GE in 1984 and most recently led a cross-business initiative within GE Commercial Finance focused on the aviation industry. Over the years, he has been actively involved in originating, negotiating and closing transactions for GE Commercial Finance.

Prior to joining GE, Mr. Dowling was with The Continental Group and began his career with Price Waterhouse. He is an active member of business and industry organizations, holding board positions with the National Chamber Foundation of the U.S. Chamber of Commerce and the Aviation Safety Alliance Foundation.

Mr. Dowling is a certified public accountant and holds a B.S. in Accounting from Fordham University, as well as a J.D. from Pace University School of Law.

About GE Commercial Finance, Commercial & Industrial Finance

GE Commercial & Industrial Finance (CIF), a unit of GE Commercial Finance, is a premier global provider of structured financing solutions to the commercial and industrial marketplace. CIF provides innovative financing solutions for a broad array of customer needs including recapitalization, equipment leasing, and growth capital. With over $10 billion in served assets, Commercial & Industrial Finance has the expertise and funding capability to deliver exceptional financing solutions.

GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of more than US$230 billion and is headquartered in Stamford, Conn., USA. General Electric (NYSE: GE) is a diversified technology and services company dedicated to creating products that make life better.