Market Overview

GE Plans to Reduce Quarterly Dividend in Conjunction with Revised Capital Allocation Framework

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GE (NYSE:GE) today announced that its Board of Directors has determined
to set the Company's quarterly dividend to a projected payout of $.12
per outstanding share of the Company's stock. This represents a 50%
reduction from the current quarterly dividend of $.24. This change will
be effective beginning with the Board's next dividend declaration, which
is expected to occur in December.

"We understand the importance of this decision to our shareowners and we
have not made it lightly. We are focused on driving total shareholder
return and believe this is the right decision to align our dividend
payout to cash flow generation," said John Flannery, Chairman and CEO of
GE.

Mr. Flannery added, "The dividend remains an important component of GE's
capital allocation framework. With this action and others that we will
be discussing this morning, we are acting with urgency to make GE
simpler and stronger to drive growth and create more value for our
shareowners."

The Company will discuss additional business and strategy updates at the
GE Investor Update, which will begin at 9:00AM EST today, November 13,
2017.

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

GE's Investor Relations website at www.ge.com/investor
and our corporate blog at www.gereports.com
and @GE_Reports on Twitter, as well as GE's Facebook page and Twitter
accounts, 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, not past, events. In this context,
forward-looking statements often address our expected future business
and financial performance and financial condition, and often contain
words such as "expect," "anticipate," "intend," "plan," "believe,"
"seek," "see," "will," "would," "estimate," "forecast," "target,"
"preliminary," or "range."

Forward-looking statements by their nature address matters that are, to
different degrees, uncertain, such as statements about our announced
plan to exit $20 billion or more of assets in 2018 and 2019, the
completion of our announced plan to reduce the size of our financial
services businesses, including earnings per share of GE Capital Global
Holdings, LLC's (GE Capital) retained businesses (Verticals); expected
income and Industrial operating profit; earnings per share, including
the impact of the new revenue recognition accounting standard; revenues;
organic growth; growth and productivity associated with our Digital and
Additive businesses; margins; cost structure and plans to reduce costs;
restructuring, impairment or other financial charges; tax rates;
transaction-related synergies, proceeds and gains; cash flows and cash
flow conversion, including the impact of working capital, contract
assets and pension funding contributions; returns on capital and
investment; capital expenditures; capital allocation, including
dividends, share repurchases, acquisitions and liquidity; or capital
structure, including credit ratings, debt-to-earnings ratios and
leverage.

For us, particular uncertainties that could cause our actual results to
be materially different than those expressed in our forward-looking
statements include:

  • the ongoing portfolio review being undertaken by our new chief
    executive officer;
  • our ability to convert Industrial earnings into cash and the amount
    and timing of our cash flows and earnings, which may be impacted by
    long-term services agreement dynamics, the amount and timing of
    dividends from GE Capital and other conditions, all of which may
    affect our ability to pay our quarterly dividend at the planned level
    or to repurchase shares at planned levels;
  • our ability to maintain our current credit rating and the impact on
    our funding costs and competitive position if we do not do so;
  • changes in law, economic and financial conditions, including interest
    and exchange rate volatility, commodity and equity prices and the
    value of financial assets;
  • the impact of conditions in the financial and credit markets on the
    availability and cost of GE Capital funding, and GE Capital's exposure
    to counterparties;
  • pending and future mortgage loan repurchase claims, other litigation
    claims and the U.S. Department of Justice's investigation under the
    Financial Institutions Reform, Recovery and Enforcement Act of 1989
    and other investigations in connection with WMC, which may affect our
    estimates of liability, including possible loss estimates;
  • GE Capital's ability to pay dividends to GE at the planned level,
    which may be affected by GE Capital's cash flows and earnings, claims
    and investigations relating to WMC, charges that may be required in
    connection with GE Capital's run-off insurance operations, credit
    ratings and other factors;
  • our ability to launch new products in a cost-effective manner;
  • our ability to increase margins through restructuring and other cost
    reduction measures;
  • our ability to convert pre-order commitments/wins into orders/bookings;
  • the price we realize on orders/bookings since commitments/wins are
    stated at list prices;
  • customer actions or market developments such as early aircraft
    retirements, reduced demand for equipment and services in the energy
    markets in which we operate or shifts in the competitive landscape for
    our products and services, changes in economic conditions, including
    oil prices, and other factors that may affect the level of demand and
    financial performance of the major industries and customers we serve;
  • the impact of regulation and regulatory, investigative and legal
    proceedings and legal compliance risks, including the impact of Alstom
    investigative and legal proceedings;
  • our capital allocation plans, as such plans may change including with
    respect to the timing and size of dividends, dividend yield, share
    repurchases, acquisitions, joint ventures, dispositions, pension
    funding contributions, organic investments, including research and
    development, investment in Digital and other capital expenditures, and
    other strategic actions;
  • our success in completing, including obtaining regulatory approvals
    and satisfying other closing conditions for, announced transactions,
    such as our announced plan to sell our Industrial Solutions business
    or other dispositions that we may pursue;
  • our success in integrating acquired businesses and operating joint
    ventures, including Baker Hughes, a GE company;
  • our ability to realize revenue and cost synergies from announced
    transactions, acquired businesses and joint ventures, including Alstom
    and Baker Hughes, a GE company;
  • the impact of potential information technology or data security
    breaches;
  • the other factors that are described in "Forward-Looking Statements"
    in Baker Hughes, a GE company's, most recent earnings release or SEC
    filing; and
  • the other factors that are described in "Risk Factors" in our Annual
    Report on Form 10-K for the year ended December 31, 2016.

These or other uncertainties may cause our actual future results to be
materially different than those expressed in our forward-looking
statements. 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.

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