OREANDA-NEWS. May 19, 2016. GE (NYSE: GE) has completed the previously announced agreement to sell GE Capitals Commercial Lending and Leasing portfolios in Australia and New Zealand (A&NZ) to Bain Capital Credit, advised and partially financed by Deutsche Bank. The transaction includes about US\\$1.2/A\\$1.6 billion in ending net investment (ENI). Terms of the transaction were not disclosed.

We continue to make very good progress in reducing the size of GE Capital, said Keith Sherin, GE Capital chairman and CEO.

As previously announced, GE is focusing on its high-value industrial businesses and is selling most GE Capital assets. GE will retain the financing verticals that relate directly to GEs industrial businesses.  Since announcing this strategic change, GE Capital has signed agreements for approximately \\$166 billion of the \\$200 billion in ending net investment (ENI) that it plans to sell. The total closed transactions to date are now approximately \\$150 billion in ENI.

Todays transaction will contribute approximately US\\$0.1 billion of capital to the overall target of approximately US\\$35 billion of dividends expected to be paid to GE under the disposition plan (subject to regulatory approval).

About GE

GE (NYSE:GE) imagines things others dont, builds things others cant and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world. www.ge.com.

GEs Investor Relations website at www.ge.com/investor and our corporate blog at www.gereports.com, as well as GEs Facebook page and Twitter accounts, including @GE_Reports, contain a significant amount of information about GE, including financial and other information for investors. GE encourages investors to visit these websites from time to time, as information is updated and new information is posted.

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 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. This document also includes certain forward-looking projected financial information that is based on current estimates and forecasts. Actual results could differ materially.