glossary that we maintain initial financing spreads or margins for the life of a financial asset, and is executed directly, by issuing debt, or synthetically, through a combination of debt and derivative financial instruments. For example, when we lend at a fi xed interest rate in the U.S., we can borrow those U.S. dollars either at a fixed rate of interest or at a floating rate executed concurrently with a pay-fixed interest rate swap. See “Hedge.” MONETIZATION Sale of financial assets to a third party for cash. For example, we sell certain loans, credit card receivables and trade receivables to third-party financial buyers, typically providing at least some credit protection and often agreeing to provide collection and processing services for a fee. Monetization normally results in gains on interest-bearing assets and losses on non-interest bearing assets. See “Securitization” and “Variable Interest Entity.” OPERATING PROFIT GE earnings from continuing operations before interest and other financial charges, income taxes and effects of accounting changes. OPTION The right, not the obligation, to execute a transaction at a designated price, generally involving equity interests, interest rates, currencies or commodities. See “Hedge.” PREMIUM Rate that is charged under insurance/reinsurance contracts. PRODUCT SERVICES For purposes of the financial statement display of sales and costs of sales in our Statement of Earnings, “goods” is required by U.S. Securities and Exchange Commission regula- tions to include all sales of tangible products, and “services” must include all other sales, including broadcasting and other services activities. In our Management’s Discussion and Analysis of Operations we refer to sales of both spare parts (goods) and related services as sales of “product services,” which is an important part of our operations. PRODUCT SERVICES AGREEMENTS See “Customer Service Agreements.” PRODUCTIVITY The rate of increased output for a given level of input, with both output and input measured in constant currency. A decline in output for a given level of input is “negative” productivity. PROGRESS COLLECTIONS Payments received from customers as deposits before the associated work is performed or product is delivered. REINSURANCE A form of insurance that insurance companies buy for their own protection. RETAINED INTEREST A portion of a transferred fi nancial asset retained by the transferor that provides rights to receive portions of the cash inflows from that asset. RETURN ON AVERAGE SHAREOWNERS’ EQUITY Earnings from continuing operations before accounting changes divided by average total shareowners’ equity, excluding effects of discontinued operations (on an annual basis, calculated using a fi ve-point average). Average total shareowners’ equity, excluding effects of discontinued operations, as of the end of each of the years in the five-year period ended December 31, 2006, is described in the Supplemental Information section. RETURN ON AVERAGE TOTAL CAPITAL INVESTED For GE, earnings from continuing operations before accounting changes plus the sum of after-tax interest and other financial charges and minority interest, divided by the sum of the averages of total shareowners’ equity (excluding effects of discontinued operations), borrowings, mandatorily redeemable preferred stock and minority interest (on an annual basis, calculated using a five-point average). Average total shareowners’ equity, excluding effects of discontinued operations as of the end of each of the years in the fi ve-year period ended December 31, 2006, is described in the Supplemental Information section. SECURITIZATION A process whereby loans or other receivables are packaged, underwritten and sold to investors. In a typical transaction, assets are sold to a special purpose entity (SPE), which purchases the assets with cash raised through issuance of beneficial interests (usually debt instruments) to third-party investors. Whether or not credit risk associated with the securitized assets is retained by the seller depends on the structure of the securitization. See “Monetization” and “Variable Interest Entity.” TURNOVER Broadly based on the number of times that working capital is replaced during a year. Accounts receivable turnover is total sales divided by the five-point average balance of customer receivables from sales of goods and services (trade receivables). Inventory turnover is total sales divided by a fi ve-point average balance of inventories. See “Working Capital.” UNEARNED PREMIUMS Portion of the premium received, net of any amount ceded, that relates to future coverage periods. UNPAID CLAIMS AND CLAIMS ADJUSTMENT EXPENSES Claims reserves for events that have occurred, including both reported and incurred-but-not-reported (IBNR) reserves, and the expenses of settling such claims. VARIABLE INTEREST ENTITY Entity defined by Financial Accounting Standards Board Interpretation 46 (Revised), and that must be consolidated by its primary beneficiary. A variable interest entity has one or both of the following characteristics: (1) its equity at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support from other parties, or (2) as a group, the equity investors lack one or more of the following characteristics: (a) direct/indirect ability to make decisions, (b) obligation to absorb expected losses, or (c) right to receive expected residual returns. WORKING CAPITAL Sum of receivables from the sales of goods and services, plus inventories, less trade accounts payables and progress collections. ge 2006 annual report 113

corporate management (as of February 9, 2007) operating management (as of February 9, 2007) Senior Executive Officers Jeffrey R. Immelt Chairman of the Board & Chief Executive Officer Michael A. Neal Vice Chairman, GE and Chairman, GE Capital Services John G. Rice Vice Chairman, GE and President & Chief Executive Officer, GE Infrastructure Lloyd G. Trotter Vice Chairman, GE and President & Chief Executive Officer, GE Industrial Robert C. Wright Vice Chairman of the Board & Executive Officer, GE Senior Corporate Officers Ferdinando Beccalli-Falco President & Chief Executive Officer, International William J. Conaty Senior Vice President & Human Resources Advisor Pamela Daley Senior Vice President, Corporate Business Development Brackett B. Denniston III Senior Vice President & General Counsel Mark M. Little Senior Vice President, Global Research John F. Lynch Senior Vice President, Human Resources Ronald R. Pressman Senior Vice President & Chief Executive Officer, GE Asset Management Gary M. Reiner Senior Vice President & Chief Information Officer Keith S. Sherin Senior Vice President & Chief Financial Officer Corporate Staff Officers Philip D. Ameen Vice President & Comptroller Scott R. Bayman President & Chief Executive Officer, India Stefano P. Bertamini Vice President & Chief Executive Officer, China Kathryn A. Cassidy Vice President & GE Treasurer James A. Colica Vice President, Global Risk Management, GE Capital Robert L. Corcoran Vice President, Corporate Citizenship Richard D’Avino Vice President & Senior Tax Counsel, GE Capital Q. Todd Dickinson Vice President & Chief Intellectual Property Counsel Alexander Dimitrief Vice President, Litigation & Legal Policy Nancy P. Dorn Vice President, Government Relations Deborah Elam Vice President & Chief Diversity Officer Mark E. Elborne Vice President & General Counsel, Europe & European Regulatory Affairs Shane Fitzsimons Vice President, Corporate Financial Planning & Analysis R. Michael Gadbaw Vice President & Senior Counsel, International Law & Policy Nabil A. Habayeb President & Chief Executive Officer, Middle East/Africa Daniel S. Henson Vice President & Chief Marketing Officer Michael S. Idelchik Vice President, Advanced Technology Programs Daniel C. Janki Vice President, Corporate Investor Relations Mark J. Krakowiak Vice President, Corporate Risk & Financing Robert E. Muir, Jr. Vice President, Compensation, Pension & Benefits Stephen M. Parks Vice President, Taxes, Europe Susan P. Peters Vice President, Executive Development & Chief Learning Officer Stephen D. Ramsey Vice President, Environmental Programs John M. Samuels Vice President & Senior Tax Counsel Ronald A. Stern Vice President & Senior Counsel, Antitrust Brian B. Worrell Vice President, Corporate Audit Staff Commercial Finance Michael A. Neal Vice Chairman, GE and Chairman, GE Capital Services Charles E. Alexander President, GE Capital, Europe Carol S. Anderson Vice President, Human Resources Jeffrey S. Bornstein Vice President & Chief Financial Officer John L. Flannery, Jr. President & Chief Executive Officer, Asia Michael A. Gaudino President & Chief Executive Officer, Corporate Financial Services Stuart D. Aronson President, Global Sponsor Finance Michael E. Chen President, Global Media & Communications Thomas M. Quindlen President, Corporate Lending Robert Stefanowski President, Europe Richard A. Laxer President & Chief Executive Officer, Capital Solutions William J. Brasser Vice President & Chief Risk Officer Diane L. Cooper President, Equipment Finance Services Roman Oryschuk President, Europe Christopher P. Perretta Vice President & Chief Information Officer Trevor A. Schauenberg Vice President & Chief Financial Officer Jeffrey A. Malehorn President & Chief Executive Officer, Healthcare Financial Services J. Keith Morgan Vice President & General Counsel Michael E. Pralle President & Chief Executive Officer, Real Estate Jayne L. Day Vice President & Chief Risk Officer Stewart B. Koenigsberg Vice President & Chief Financial Officer Joseph E. Parsons President, North American Equity Olivier Piani President, Europe William D. Strittmatter Vice President, Risk Management GE Money David R. Nissen President & Chief Executive Officer, GE Money Mark W. Begor President & Chief Executive Officer, Americas Margaret M. Keane President & Chief Executive Officer, Retail Consumer Finance Glenn Marino President & Chief Executive Officer, Sales Finance Robert Green Vice President & Chief Financial Officer Edmundo M. Vallejo President & Chief Executive Officer, Latin America William H. Cary President & Chief Executive Officer, EMEA Dmitri L. Stockton Chief Executive Officer, Central & Eastern Europe Charles M. Crabtree Vice President, Operations & Quality Ray B. Duggins, Jr. Vice President & Chief Risk Officer Yoshiaki Fujimori President & Chief Executive Officer, Asia Akihiko Kumagai Vice President & Chief Executive Officer, Japan Thomas C. Gentile III Vice President, Global Marketing Keith Newman Vice President & General Counsel Maive F. Scully Vice President & Chief Financial Officer Steven D. Thorne Vice President, Human Resources Healthcare Joseph M. Hogan President & Chief Executive Officer, GE Healthcare Jean-Michel Cossery Vice President & Chief Marketing Officer Peter Ehrenheim President & Chief Executive Officer, Life Sciences Reinaldo A. Garcia President & Chief Executive Officer, International Chih Chen President, China Michael C. Hanley Vice President, Human Resources S. Omar Ishrak President & Chief Executive Officer, Clinical Systems Terri Bresenham Vice President, Global Diagnostic Ultrasound Michael Jones Vice President, Business Development Russel P. Mayer Vice President & Chief Information Officer Kathryn K. McCarthy Vice President & Chief Financial Officer Diane P. Mellor Vice President & Chief Quality Officer Hiroyuki Mitani President & Chief Executive Officer, Japan Daniel L. Peters President & Chief Executive Officer, Medical Diagnostics Peter Y. Solmssen Vice President & General Counsel Mark L. Vachon President & Chief Executive Officer, Diagnostic Imaging Michael Barber Vice President & Chief Technology Officer John R. Chiminski Vice President & General Manager, Global MR Iain J. Mackay Vice President & Chief Financial Officer, Global Diagnostic Imaging & Services Eugene L. Saragnese Vice President & General Manager, Global FCT Vishal K. Wanchoo President, Healthcare Information Technologies 114 ge 2006 annual report