GE Commercial Finance, Commercial & Industrial Finance, Names Industry Leader for Construction & Transportation Focus

Business Wire, May 4, 2005

NORWALK, Conn. -- GE Commercial Finance, Commercial & Industrial Finance (CIF) has appointed Gene Leary as Industry Leader for the construction and transportation markets.

In his new role at GE, Leary will be responsible for driving organic growth in the construction and transportation industries, where GE's CIF has successfully invested over $3 billion predominantly through senior debt and lease transactions during the past 10 years. He will report to Craig Reynolds, Senior Managing Director, GE CIF.

"With his extensive background in financing and trucking, Gene is uniquely qualified to understand our customer's specific needs," said Reynolds. "His leadership skills will play a central role in our continued success in the construction and transportation markets."

Leary joined GE in 1997 and has most recently served as a Senior Vice President of Sales for CIF, originating financing opportunities in the Northeast. He has held various sales and sales management roles for over 20 years in lending and leasing. His experience includes acquisition financing, structured finance, leasing, recapitalizations and project finance to a broad range of customers.

Prior to joining GE, Leary held various origination roles with Citibank and Swiss Bank Corporation. He also was an Operations Manager for Roadway Express, Inc., a national trucking company.

Leary holds a BS in Economics from the State University of New York and an MBA in Accounting and Finance from Columbia University in New York.

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 over US$230 billion and is headquartered in Stamford, Conn., USA.

GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit www.ge.com