GE Grant Award Pursuant to NYSE Rule 303A.08

BOSTON–(BUSINESS WIRE)–GE (NYSE: GE) today announced that the Management Development and
Compensation Committee of the Board of Directors has approved the terms
of an employment agreement with newly appointed Chief Executive Officer
H. Lawrence Culp, Jr. Mr. Culp’s compensation arrangements are described
in GE’s Current Report on Form 8-K filed with the Securities and
Exchange Commission on the date of this press release.

Pursuant to New York Stock Exchange Rule 303A.08, GE notes that these
arrangements include an “employment inducement award” of performance
share units (“PSUs”) made in connection with Mr. Culp’s commencement of
service as CEO. The PSUs will pay out (except in the case of a
termination of employment by GE for cause or by Mr. Culp without good
reason, and subject to proration in certain events) as a number of GE
shares of common stock ranging from 2.5 million to 7.5 million shares,
based on a GE stock price appreciation target ranging from 50% to 150%
using the highest average closing price over 30 consecutive trading days
during the four-year period from October 1, 2018 to September 30, 2022,
with no payout for stock price appreciation of less than 50%. The
inducement award will be made outside of GE’s 2007 Long-Term Incentive
Plan, but will generally have terms and conditions consistent with those
set forth in that plan. The inducement award will be adjusted to reflect
the effects of any spin-off transactions, extraordinary dividends or
changes in capital structure that do not result in receipt by the
Company of reciprocal value.

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 http://www.ge.com/investor-relations/disclaimer-caution-concerning-forward-looking-statements
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.

About GE

GE (NYSE:GE) drives the world forward by tackling its biggest
challenges. By combining world-class engineering with software and
analytics, GE helps the world work more efficiently, reliably, and
safely. For more than 125 years, GE has invented the future of industry,
and today it leads new paradigms in additive manufacturing, materials
science, and data analytics. GE people are global, diverse and
dedicated, operating with the highest integrity and passion to fulfill
GE’s mission and deliver for our customers. www.ge.com


GE Investors:
Todd Ernst, 617-443-3400

Jennifer Erickson, 646-682-5620


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