1. A Technology Provider’s View Mathieu Savaris Executive Legal Counsel Tasos Vlassopoulos Planning & Marketing Director, Europe Athens, 22 May 2008

2. Think Global Act Local

3. JRI BOD 06-08-07/3 Page 3 M. Savaris 08/09/2015 GE Proprietary Operating in 100+countries … 125+ years … 300,000+ employees worldwide … 2007 Revenue $173B Structured for growth … the “new GE” InfrastructureIndustrial Commercial Financial Services NBC Universal Healthcare Consumer Finance Consumer & Ind. Equip Svcs Plastics Silicones/Quartz Security Sensing Fanuc Inspect Tech Network Stations Entertainment Universal Sports/Olympics Diagnostic Imaging Clinical Systems Info Technology Services Bio Sciences Insurance Leasing Real Estate Corp Fin Svcs Healthcare Fin Svcs Europe Asia Americas Australia / New Zealand Products: gas, wind & steam turbines, biomass, hydro, solar, geothermal, nuclear Services: Operation & Maintenance, Transmission & Distribution, Asset Optimization, Environmental Energy Oil & Gas Water Aviation Transportation Energy Fin Svcs Aviation Fin Svcs

4. JRI BOD 06-08-07/4 Page 4 M. Savaris 08/09/2015 GE Proprietary Localization Global (“Soft” Rules) Challenges Solutions Local (“Hard”Rules) “One size fits all” Business Model Human Rights Conventions Model Industry Contract Terms Export & Trade Controls Codes, Standards & Regulations CISG Anti-Corruption Treaties & FCPA Domestic Public Order Rules Permits & Licences Competition Laws Controllership

5. Energy Trends

6. JRI BOD 06-08-07/6 Page 6 M. Savaris 08/09/2015 GE Proprietary Drivers vary by region Economic Growth Power Industry Economics Energy Supply Security Environmental Sensitivity Rapid growth in Middle East, India, China … Future technologies centers? Continued globalization of industrial production Gas & Oil remain costly, but available … Oil prices up ~13x since 1999 No universal winning technology North America Energy Economics Environment Latin America Energy Security Overall Growth Western Europe Energy Security Environment Middle East Rapid Growth Eastern Europe Transition Issues China Rapid Growth Energy Security Energy Economics India Rapid Growth Energy Security Global warming … U.S. expected to act Economic growth trumps environment in developing countries Water scarcity Threat of political disruptions – e.g. Russia Infrastructure investment needed in all areas

7. JRI BOD 06-08-07/7 Page 7 M. Savaris 08/09/2015 GE Proprietary Major global uncertainties Nuclear … When, where, how fast? Coal … GHG policies & carbon capture costs? Gas … Will price volatility decrease? Renewables … Continued incentives? China … Will economic growth rate be sustained? Middle East … Will oil-driven cash flow be sustained? India … Gas availability? Stable investment environment? Russia … is it the beginning of its power system rebuilding? U.S. … GHG policy, what will it be?

8. JRI BOD 06-08-07/8 Page 8 M. Savaris 08/09/2015 GE Proprietary High fuel prices and increasing dependence on gas imports from Russia, Middle East and N. Africa  Primary fuel diversification expected  Increased operation of GT/CC’s in mid-merit  Wind installed base doubling to reach 120 GW in 2012  According to current conditions, offshore not expected to take off in the next five years EU commitment to reduce CO2 by 20% by 2020  ETS under revision for post 2012 trading  Binding target for 20% renewable energy by 2020  Incentives for electricity from biogas, wind, solar & cogen  EU: 12 demo cleaner coal plants with CCS; financial incentives to be clarified  Nuclear debate on agenda Political support to local industry in certain countries West Europe: Energy Trends EU15: 2008-2030 PG additions ~650 GW Annual Additions Installed Capacity, GW Nuclear Coal CCGT SC Steam Hydro Wind Other 800 600 400 200 0 16 21 30 Gas Coal, Hydro, Other Wind

9. JRI BOD 06-08-07/9 Page 9 M. Savaris 08/09/2015 GE Proprietary PG needs lead to growing gas imports Source: Edison (incl. EU27,Turkey, Norway, Switz.) ~45% ~70%

10. JRI BOD 06-08-07/10 Page 10 M. Savaris 08/09/2015 GE Proprietary Greece: Energy Trends Oil & Gas … Greece becoming a transportation hub for oil & gas Greek companies … forming alliances/JVs with foreign power players Historic reliance on high emitting fuels such as lignite but increasing share of CC and renewables Summer peak puts pressure on system

11. JRI BOD 06-08-07/11 Page 11 M. Savaris 08/09/2015 GE Proprietary In Europe … we observe Diversified growth … mainly CCGT and wind Energy security … growing gas import dependency Renewable energy … transforming European power CO2 … volatility

12. JRI BOD 06-08-07/12 Page 12 M. Savaris 08/09/2015 GE Proprietary ecomagination A corporate-wide commitment to help customers meet their environmental challenges in ways that also benefit GE and the world Operating, Efficiency, Emissions performance … 1 of 3 to be 10% better than industry standard A growth strategy based on GE’s belief that solving environmental problems is good business 172140+ At LaunchCurrentlyGoal

13. JRI BOD 06-08-07/13 Page 13 M. Savaris 08/09/2015 GE Proprietary ecomagination Commitments Double revenue from $10B to $20B Improve our energy efficiency and lower our GHG emissions Increase R&D investment from $750 MM to $1.5B Keep the public informed on progress 1 2 3 4

14. JRI BOD 06-08-07/14 Page 14 M. Savaris 08/09/2015 GE Proprietary ecomagination in Energy Wind H System TM Cleaner Coal IGCC SolarJenbacher LMS100 ®

15. JRI BOD 06-08-07/15 Page 15 M. Savaris 08/09/2015 GE Proprietary Technological diversity and efficiency … The answer Driving cost of electricity down Efficiency Reliability Emissions EfficientDiverse nuclear coal gas wind oil geothermal biomass hydro solar nuclear coal gas wind oil geothermal biomass hydro solar +

16. Thank You For Your Attention