GE to Acquire Majority Interest in Advanced Systek of India

General Electric today announced it has agreed to acquire a majority stake in
the Vadodara-based Advanced Systek Private Limited, one of India's leading
suppliers of terminal automation systems and flow metering solutions. The
transaction will enhance GE's ability to offer solutions to customers in regions
such as South Asia and the Middle East. Terms of the transaction were not
disclosed.

Oil and gas asset automation applications require specialized skills to ensure
the safe transportation and accurate measurement of natural gas, crude oil and
petroleum products. Advanced Systek offers its midstream and upstream oil
and gas industry customers total terminal management and flow metering
solutions including design, engineering, supply, installation, commissioning
and maintenance.

By combining Advanced Systek’s capabilities with GE technology and world-
class product suite of flow meters, control valves, UPS, controllers and
instrumentation, this transaction enables the GE Oil & Gas business to broaden
its offerings for the industry and deepen its relationship with customers seeking
more efficient energy solutions.

Headquartered in Vadodara, Advanced Systek also has its manufacturing facility
based there. Under the terms of the transaction, the senior management team
of Advanced Systek will continue to serve as directors and will work with GE to
utilize their industry expertise to help the business grow.

John L. Flannery, president and CEO of GE India, said: "GE and Advanced Systek
complement each other very well. Advanced Systek’s capabilities and its
established track record in the oil andgas industry combined with our expertise
and product portfolio in custody transfer will help us expand our service
offerings to our customers. This merging of strengths will help us address
growth opportunities in India and other emerging countries."

Mr. Umed Fifadra and Mr. Mukesh Kapadia, joint managing directors of
Advanced Systek, said: "Advanced Systek’s electronic flow measurement devices
and automation software will be complemented by GE Energy’s existing
strength in measurement instrumentation, diagnostics and performance
optimization offerings, to create an overall solutions business with strong local
capabilities. We look forward to widening Advanced Systek’s position in its core
areas of expertise with GE Energy’s broad range of world class products and
global reach."

About Advanced Systek

Advanced Systek was founded by Mr. Umed Fifadra and Mr. Mukesh Kapadia in
1988 to provide fiscal metering and automation expertise to the oil and gas and
petrochemical industries with the objective of excelling through commitment
and creativity on a continuous basis, in terms of product quality as well as
service offering. Advanced Systek is a pioneer in providing integrated
automation systems for pipeline transfer and storage-distribution of petroleum
and petrochemical products as well as supplying solutions for complex liquid
and gas metering skid systems.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in energy,
health and home, transportation and finance. Building, powering, moving and
curing the world. Not just imagining. Doing. GE works. For more information,
visit the company's website at www.ge.com.

GE Energy works connecting people and ideas everywhere to create advanced
technologies for powering a cleaner, more productive world. With more than
100,000 employees in over 100 countries, our diverse portfolio of product and
service solutions and deep industry expertise help our customers solve their
challenges locally. We serve the energy sector with technologies in such areas
as natural gas, oil, coal and nuclear energy; wind, solar, biogas and water
processing; energy management; and grid modernization. We also offer
integrated solutions to serve energy- and water-intensive industries such as
mining, metals, marine, petrochemical, food & beverage and unconventional
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