MOSCOW, RUSSIA - April 15, 2008 : – In September 2008, GE will open a new sales, service and technology office in Moscow to support Russian utility, municipal and industrial customers in addressing the country's energy challenges and further develop its energy and transportation infrastructure.

The facility will house the employees of GE Infrastructure's Energy, Transportation and Water & Process Technologies businesses. The existing GE Energy Engineering center also will move into the new building.

"We are seeing a great increase in demand for advanced energy technologies in Russia. Our customers state that energy efficiency and environmental responsibility are becoming critical requirements for their businesses in a modern competitive environment," said Ruslan Pakhomov, Country Executive for GE Energy in Russia. "We think now is the right time to grow our local operations in Russia."

According to RAO "UES of Russia" (Unified Energy System of Russia), the reform of the Russian energy sector has already resulted in 720 bl. rubles to be raised in public investments. Proposed uses for these funds are the increase of power generation by 30 GW and the commissioning of more than 70,000 km of transmission lines.

GE Infrastructure expects its workforce to quickly expand in the years after the new Moscow office opens. By 2010, GE Infrastructure expects it will employ more than 350 people. Currently in Russia, 120 people work for GE Energy and 40 for GE Transportation, covering a range of commercial and engineering functions.

"GE is making a significant commitment to support the development of Russia's energy infrastructure. Our objective is to ensure that all of the technical, operational, engineering and commercial resources are located close to our customers," said Rod Christie, CEO of GE Energy for Eastern Europe & CIS. "This new office will improve GE's ability to rapidly respond to our customers' technical and service requirements in every particular region of Russia. We are also going to build an Energy Application and Training Center at the same location as our office to allow our customers to personally learn about our latest technologies and train their personnel."

GE's product portfolio is one of most extensive in the energy industry, resulting in its equipment being installed in more than 1 million MW of power projects throughout more than 120 countries worldwide.

GE also provides a comprehensive range of products and services that enable electricity networks and process plant operators to utilize their assets more effectively.

The new offices will be located in a newly built office building at Le-Fort. On the building's second floor, GE will occupy 430 square meters of space including a customer-training center, meeting rooms and other customer-centered areas. On another floor, GE will occupy 3,464 square meters for employee work areas.

GE's human resources team is being mobilized to recruit Russia's most talented individuals who will be given the opportunity to build their careers both in Russia and internationally within GE.

About GE Energy

GE Energy (www.ge.com/energy) is one of the world's leading suppliers of power generation and energy delivery technologies, with 2007 revenue of $22 billion. Based in Atlanta, Georgia, GE Energy works in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels. Numerous GE Energy products are certified under ecomagination, GE's corporate-wide initiative to aggressively bring to market new technologies that will help customers meet pressing environmental challenges.

About GE

GE is Imagination at Work-diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing and media content, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.

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