FRANKFURT, July 31, 2006 - GE Commercial Finance (GE) announces that it has acquired a portfolio of six nursing homes in a sale & leaseback transaction valued at approximately € 44 million.

The portfolio, totaling 29,748 sq m, was acquired from Senator Unternehmensgruppe, Lubeck. The six homes are located at five separate locations in Schleswig-Holstein and Lower Saxony and offer 597 beds. The Senator Group will lease the facilities for 25 years.

GE Commercial Finance's Real Estate and Healthcare Financial Services divisions worked together on the deal, which represents the second sale and leaseback transaction they have secured in the healthcare sector in Germany.

In 2004 they acquired a €100 million portfolio of long-term care facilities in Germany from Marseille-Kliniken AG. GE Real Estate will manage the portfolio.

Rainer Thaler, Managing Director of GE Real Estate Germany, commented:

"This deal demonstrates that, through a coordinated approach, the skills and expertise in the various divisions of GE have combined to provide a compelling financing option to a growing private healthcare operator. This acquisition provides a steady income, as well as offering the potential for capital growth through the application of specialist management initiatives."

Stephan Mertens of GE Healthcare Financial Services added: "We continue to be extremely committed to increasing our market share in this sector and to expand our presence throughout Germany."

Karl Diehl, CEO of Senator commented: "With this transaction, we have reached an important mile stone to prepare us for continued growth in our core business."

GE Commercial Finance (www.gecommercialfinance.com) offers businesses an extensive array of financial services and products. With over US$260 billion in assets and an expertise in the mid-market, GE Commercial Finance provides loans, operating leases, financing programs and innovative structured capital to help customers grow. GE Commercial Finance is a wholly owned subsidiary of the General Electric Company (NYSE:GE), a diversified services, technology and manufacturing company with operations worldwide.

GE Real Estate (www.gerealestate.com ) is a world leader in commercial real estate capital solutions. Formed in 1972, the business has more than US$38 billion in core assets with 44 offices located throughout North America, Europe, Asia, and Australia/New Zealand. GE Real Estate, backed by its parent company's AAA rating, offers a broad range of financing, equity and servicing solutions including: intermediate and long-term mortgage financing, restructuring and acquisition capital, niche equity investment, joint ventures, capital markets securitization and placements, and asset management. As one of the fastest growing units within GE Commercial Finance, Real Estate has experienced annual growth of more than 10% for the last ten consecutive years.

GE Healthcare Financial Services , a unit of GE Commercial Finance, is a provider of capital, financial solutions, and related services for the global healthcare market. With over $13 billion of capital committed to the healthcare industry, GE Healthcare Financial Services offers a full range of capabilities from equipment financing and real estate financing to working capital lending, vendor programs, and practice acquisition financing. With its knowledge of all aspects of healthcare from hospitals and long-term care facilities to physicians' practices and life sciences, GE Healthcare Financial Services works with customers to create tailored financial solutions that help them improve their productivity and profitability. For more information, visit www.gehealthcarefinance.com/europe

General Electric (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems.

The SENATOR group of companies (www.senator-gruppe.de):The SENATOR group is the 5th largest private player in the market of nursing homes in Germany. Actually it operates aprox. 3,400 Beds in 33 facilities across Schleswig-Holstein, Lower Saxony and North Rhine-Westphalia. In the state of Schleswig-Holstein, SENATOR is the biggest player in the Market. The SENATOR group of companies acquired from the City of Kiel the complete Shares of Kieler Betreuungs- und Pflegedienste GmbH in 2003. In the same year, SENATOR acquired the complete shares of Medica Residenzen GmbH and Medica Fachkrankenhäuser GmbH as well. Within 2005 SENATOR took over the operation of seven former nursing homes from the Deutsches Rotes Kreutz (asset deal). SENATOR's growth strategy is establishing regional market leaderships in the markets of nursing homes.

Media Contacts

Deia Campanelli
GE Healthcare Financial Services
+1-312-441-6169
deia.campanelli@ge.com

Vicki Harris
GE Healthcare Financial Services
+44 (0)20-7302-6319
vicki.harris@ge.com