GE Plans to Invest $1.4B to Acquire Additive Manufacturing Companies Arcam and SLM; Accelerates Efforts in Important Digital Industrial Space

In July, GE Aviation introduced into airline service its first additive jet engine component – complex fuel nozzle interiors – with the LEAP jet engine. The LEAP engine is the new, best-selling engine from CFM International, a 50/50 joint company of GE and Safran Aircraft Engines of France. More than 11,000 LEAP engines are on order with up to 20 fuel nozzles in every engine, thus setting the stage for sustainably high and long-term additive production at GE Aviation’s Auburn, Alabama, manufacturing plant. Production will ramp up to more than 40,000 fuel nozzles using additive by 2020. GE Aviation is also using additive manufacturing to produce components in its most advanced military engines. In the general aviation world, GE is developing the Advanced Turboprop Engine (ATP) for a new Cessna aircraft with a significant portion of the entire engine produced using additive manufacturing.

“GE’s aspirations in additive fits our long-term business model. We have world-class industrial businesses that leverage systems integration, material sciences, services and Predix,” said Immelt. “We want all of our businesses to leverage the GE Store, promote digital differentiation, and drive productivity for GE and our customers. We are excited about the opportunity.”

GE will host an investor call at 8:30AM ET to discuss these transactions. To tune in and access additional documents visit www.ge.com/investor.

About GE

GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry.  www.ge.com

GE Aviation, an operating unit of GE, is a world-leading provider of jet engines, components and integrated systems for commercial and military aircraft. GE Aviation has a global service network to support these offerings. For more information, visit us at www.geaviation.com.

Legend

This communication is not an offer to purchase or a solicitation of an offer to sell shares of Arcam or SLM Solutions, as applicable. The solicitation and the offers to purchase shares of Arcam and SLM Solutions will be made pursuant to offer documents.

Shareholders of Arcam and SLM Solutions are advised to read the relevant offer documents, as may be amended or supplemented from time to time, when they become available, before making any decision with respect to the offers to purchase because such documents will contain important information about the proposed offer to purchase transactions and the parties thereto.

Investors and shareholders may obtain, when available, free copies of the offer documents, as may be amended or supplemented from time to time, at the website of GE Aviation at www.geaviation.com/additive. The distribution of this communication may, in some jurisdictions, be restricted. This communication may not be distributed in countries in which this would be illegal. It must not be distributed by third parties outside Sweden, the Federal Republic of Germany, the Member States of the European Union and the European Economic Area, and the United States. It is not being, and must not be, sent to shareholders with registered addresses in Australia, Hong Kong, Japan, Canada, New Zealand or South Africa. Banks, brokers, dealers and other nominees holding shares for persons in such countries must not forward this communication, or any related documents, to such persons.

Forward-looking information

This communication includes "forward-looking statements" – that is, statements related to future, not past, events. In this context, forward-looking statements often address GE Group’s expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” "see,” “will,” “would,” or “target.”

Forward-looking statements by their nature address matters that are, to different degrees, uncertain, and involve known and unknown risks and uncertainties, many of which are beyond GE Group’s control and all of which are based on GE Group management's current beliefs and expectations about future events. These forward-looking statements include all matters that are not historical facts. Forward-looking statements may and often do differ materially from actual results. No assurance can be given that such future results will be achieved. These or other uncertainties may cause GE Group’s actual future results to be materially different than those expressed in GE Group’s forward-looking statements. GE Group does not undertake to update its forward-looking statements.

These risks, uncertainties and assumptions include, but are not limited to, satisfaction of the minimum acceptance condition for each offer, the ability of GE to obtain the requisite regulatory approvals required to complete the offers to purchase, the satisfaction of the other conditions to the consummation of the proposed transactions, the timing of completion of the proposed offers to purchase, and the impact of the announcement or consummation of the proposed transactions on the relationships of GE Group and Arcam or SLM Solutions, including with employees, suppliers and customers. In addition, there can be no assurance that the offers to purchase will result in the consummation of an acquisition of Arcam or SLM Solutions. These and other important factors, including those discussed under “Risk Factors” included in GE Group’s Consolidated Annual Report on Form 10-K for the year ended December 31, 2015, may cause GE Group's actual events or results to differ materially from any future results, performances or achievements expressed or implied by the forward-looking statements contained in this communication. Such forward-looking statements contained in this communication speak only as of the date of this communication. GE Group expressly disclaims any obligation or undertaking to update these forward-looking statements contained in this communication to reflect any change in GE Group’s expectations or any change in events, conditions, or circumstances on which such statements are based unless required to do so by applicable law.




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