GE Corporate Treasury Receives AFP President’s Award

Award Presented by the Association for Financial Professionals for GE’s Risk-Adjusted Decision Making Process

BETHESDA, MD - October 18, 2006 - General Electric Corporate Treasury received the Association for Financial Professionals (AFP) President's Award for its advanced risk-adjusted decision-making process. The Award was presented during the Opening General Session at the AFP 27th Annual Conference.

The AFP President's Award is an award given to a treasury organization that develops and implements advanced measurement and assessment tools to lead strategic decision making and drive business performance.

Presenting the President's Award to GE Corporate Treasury, Jim Kaitz, President and CEO of AFP said, "GE Corporate Treasury's application of advanced risk measurement techniques to decision making demonstrates the value treasury adds to their organizations while maintaining focus on compliance and internal controls. This Treasury-led initiative, along with other related activities, resulted in a multi-billion dollar reduction in credit exposure for GE."

GE Corporate Treasury was recognized by the President's Award for its decision-making process based on Capital-at-Risk (CaR) quantification methodologies pioneered in part by Rob Ceske, Chief Risk Manager at GE Corporate Treasury. Their CaR methodologies allowed the treasury-based risk management function to spearhead strategic initiatives to improve quantification of exposures across all areas of exposure. In addition, risk-adjusted decision-making metrics were used to prioritize initiatives for Treasury's legal department to reduce credit and legal risk related to derivatives.