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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


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We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

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We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

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You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


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General Elec. (GEC)

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Thursday 24 March, 2005

General Elec.

GE Prices Secondary Public Offering of Genworth

General Electric

GE today announced the pricing of the Genworth secondary public offering.

A total of 80,500,000 shares of Genworth Class A common stock are being sold in
the secondary offering at a price to the public of $26.50 per share. The
underwriters do not have an over-allotment option.

Concurrently with the closing of the offering, Genworth will repurchase directly
from GE approximately 19.4 million shares of Genworth's Class B Common Stock for
$500 million.

GE, as the selling stockholder in the secondary offering, will receive net
proceeds from the offering and the repurchase of approximately $2.6 billion and
after these transactions will own approximately 52% of Genworth's common stock.

As previously announced, GE will use the proceeds to eliminate
'parent-supported' debt at GE Capital and enable GE Capital to increase the
dividend it pays GE from 10% of its earnings to 40% commencing in the second
quarter. Genworth will not receive any of the proceeds of the offering.

GE expects, subject to market conditions, to reduce its ownership over the next
two years as Genworth transitions to full independence.

'We're pleased to complete this important next step in the reduction of our
investment in insurance,' said GE Chairman and CEO Jeff Immelt.

'GE's end markets continue to show solid growth, and our businesses are
performing very well. To reflect their strong performance and the impact of the
Genworth transactions, we are increasing our guidance for first-quarter earnings
per share from $.36-$.37 to $.37-$.38, a 16-19% increase over first quarter
2004. We are also reconfirming full-year guidance of $1.76-$1.83 per share,'
Immelt said.

A registration statement relating to the public offering was filed with and
declared effective by the Securities and Exchange Commission. This release shall
not constitute an offer to sell or a solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction. The
offering is being made solely by means of a prospectus. The global coordinator
and bookrunner for the offering is Morgan Stanley. JPMorgan and Merrill Lynch &
Co. are joint lead managers and bookrunners for the offering. Copies of the
final prospectus may be obtained from Morgan Stanley, Attn: Prospectus
Department, 1585 Broadway, New York, New York 10036, tel. (212) 761-4000.

About GE

GE (NYSE: GE) is a diversified technology, media and financial services company
dedicated to creating products that make life better. From aircraft engines and
power generation to financial services, medical imaging, television programming,
and plastics, GE operates in more than 100 countries and employs more than
300,000 people worldwide. For more information, visit the company's Web site at

Caution Concerning Forward-Looking Statements

This document contains 'forward-looking statements' - that is, statements
related to future, not past, events. In this context, forward-looking statements
often address our expected future business and financial performance, and often
contain words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,'
'seeks,' or 'will.' Forward-looking statements by their nature address matters
that are, to different degrees, uncertain. For us, particular uncertainties
arise from the behavior of financial markets, including fluctuations in interest
rates and commodity prices, from future integration of acquired businesses, from
future financial performance of major industries which we serve, including,
without limitation, the air and rail transportation, energy generation and
healthcare industries, from unanticipated loss development in our insurance
businesses, and from numerous other matters of national, regional and global
scale, including those of a political, economic, business, competitive or
regulatory nature. These uncertainties may cause our actual future results to be
materially different than those expressed in our forward-looking statements. We
do not undertake to update our forward-looking statements.

    CONTACT: General Electric, Fairfield
             David Frail, 203-373-3387
             [email protected]

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