OREANDA-NEWS. June 07, 2016. GE announced today it has completed the sale of GE Appliances to Qingdao Haier Co., Ltd. (“Haier”) for \\$5.6 billion, which includes an approximate \\$200 million increase from the originally announced sale price to account for increased working capital in the business.

“The sale of GE Appliances is another step in the company’s portfolio transformation and its mission to become the world’s leading Digital Industry company,” said GE Chairman and CEO Jeff Immelt. “By successfully acquiring Alstom’s power and grid assets, splitting off Synchrony Financial and by continuing to execute the GE Capital exit strategy ahead of plan, the team is making GE a simpler, more competitive company.”

The sale will generate an after-tax gain of approximately \\$0.20 per share. For the year, we expect gains to be offset by restructuring.

Goldman Sachs provided financial advice to GE, and Sidley Austin LLP was GE’s legal advisor.

About GE

GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com

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