Market Overview

General Electric Company Recommends Shareholders Reject "Mini-Tender" Offer by Ponos Industries LLC


GE (NYSE:GE) today announced that it received notice of an unsolicited
"mini-tender" offer by Ponos Industries LLC (Ponos Industries) to
purchase up to 32,142,857 shares of GE common stock, which represents
approximately 0.37% of the shares outstanding, at a price of $13.90 per
share in cash.

GE does not endorse Ponos Industries' unsolicited mini-tender offer and
recommends that GE shareholders do not tender their shares in the offer.

Ponos Industries has included in the terms of its offer a condition that
the closing price of GE's shares on the New York Stock Exchange on the
last trading day prior to the expiration of the offer must exceed the
$13.90 offer price. As a result, unless Ponos Industries decides to
waive this condition, GE shareholders who tender their shares in the
offer would receive a below-market price for GE's shares through the
tender offer.

The mini-tender offer is subject to numerous other conditions, including
that Ponos Industries needs to obtain financing for the offer. There is
no assurance that the conditions to the offer will be satisfied. GE
shareholders are cautioned that Ponos Industries can extend the offer
and delay payment beyond the currently scheduled expiration date of
September 21, 2018. GE is not associated with Ponos Industries, its
mini-tender offer or the mini-tender offer documentation.

Shareholders should obtain current market quotations for their shares,
consult with their broker or financial advisor, and exercise caution
with respect to Ponos Industries' mini-tender offer. GE recommends that
shareholders who have not responded to Ponos Industries' offer take no
action. Shareholders who have already tendered their shares may withdraw
them at any time prior to 5:00 p.m. New York City time, on September 21,
according to Ponos Industries' offering documents.

Mini-tender offers seek to acquire less than five percent of a company's
outstanding shares. Consequently, they can avoid many disclosure and
procedural requirements of U.S. Securities and Exchange Commission (SEC)
rules that apply to offers for more than 5 percent of a company's
outstanding shares.

The SEC has cautioned investors about mini-tender offers, stating that
mini-tender offers "have been increasingly used to catch investors off
guard," and that investors "may end up selling their securities at
below-market prices." The SEC's guidance to investors on mini-tender
offers is available at

GE encourages brokers and dealers, as well as other market participants,
to review the SEC's letter regarding broker-dealer mini-tender offer
dissemination and disclosure available at

GE requests that a copy of this news release be included with all
distributions of materials relating to Ponos Industries' mini-tender
offer for shares of GE's common stock.

About GE

GE (NYSE:GE) drives the world forward by tackling its biggest
challenges: Energy, health, transportation—the essentials of modern
life. 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.

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