GE Capital Solutions, Franchise Finance Purchases Portfolio from Citicorp Leasing Inc.

As part of its business growth strategy, GE Capital Solutions, Franchise Finance has purchased $13.3 million in restaurant loans from Citicorp Leasing Inc. The portfolio represents three borrower groups and 24 loans.

Through its strong and established relationship, GE Capital Solutions, Franchise Finance and Citicorp Leasing Inc. worked closely together to quickly assess the value of this portfolio and close this deal.

“This is an attractive portfolio purchase due to stable asset protection, improving cash flow, increasing same store sales trends, and the breadth and experience of these restaurant operators,” says Barry Perhac, vice president, business development, GE Capital Solutions, Franchise Finance. “This purchase provides new clients to grow our existing asset base.”

GE Capital Solutions, Franchise Finance is a leading lender serving customers in the restaurant, hospitality, branded beverage, automotive after-market, and power sports industries. It provides financing to help franchisees and franchisors grow, compete, and prosper. It offers access to capital with a diverse array of flexible financing options, including funds for purchasing real estate or equipment, new construction or remodels, acquisitions, or refinancing.

About GE Capital Solutions, Franchise Finance

GE Capital Solutions, Franchise Finance is a leading lender for the franchise finance market via direct sales and portfolio acquisition. With more than 30 years of experience and $14 billion in served assets, we serve more than 6,000 customers and more than 20,000 property locations, primarily in the restaurant, hospitality, branded beverage, power sports, and automotive after-market industries. We offer customers access to capital with a menu of products featuring flexible structuring, including financing for acquisitions, refinancing, construction of new units, and remodels for single- and multi-unit operators/chains. More information is available at www.gefranchisefinance.com or by calling toll-free 866-GET-GEFF (438-4333).

GE Capital Solutions provides leasing, lending, and capital investment products and services to help business customers grow. It has more than $90 billion in assets, serves more than a million clients around the world, and is headquartered in Danbury, Connecticut, USA. For more on GE Capital Solutions, go to www.ge.com/capitalsolutions.

GE (NYSE: GE) is Imagination at Work — a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.

GE Capital Solutions, Global Electronics Services Announces JPY 48.4B Lead Agent Award

GE Capital Solutions, Global Electronics Services (GES), working under the GE Capital Leasing Corporation in Japan, today announced that it has been awarded a lead agent role on a JPY 48.4 billion (USD $411 million) senior secured 45-month term loan for Spansion Japan.

The loan will be used to help Spansion, the world's largest pure-play provider of Flash memory solutions, finance the expansion of its manufacturing capabilities, as well as re-finance its operating lease obligations. The deal is one of the first syndicated loans collateralized with semiconductor assets in the history of Japanese financial markets.

“The demand for greater memory, speed and processing power is fueling capital investments throughout the microelectronics industry,” said Roger Innes, president & CEO of GE Capital Solutions, Global Electronics Services. “In addition to helping a valued customer meet these demands and grow, today’s news is indicative of our ability and desire to finance larger transactions, leveraging both the capital markets and our global industry expertise.”

Spansion will use the funds to restructure existing debt in Japan and equip Spansion’s SP1 300mm fab in Aizuwakamatsu, Japan. With its SP1 fab, Spansion expects to be the only NOR Flash supplier producing Flash memory devices on 65nm 300mm wafers in the second half of 2007.

“GE Capital Solutions, Global Electronics Services’ ability to structure and successfully syndicate the first of its kind structured financing product in Japan, provides Spansion with a flexible and cost-effective financing to push forward as being the premier NOR Flash memory provider in the world,” said Dario Sacomani, executive vice president and CFO of Spansion Inc.

About GE Capital Solutions, Global Electronics Services

Headquartered in San Diego, California GE Capital Solutions, Global Electronics Services (GES), is a leading global expert in delivering customized financial and equipment management services to microelectronics manufacturers of semiconductor fabrication (FAB), automated test equipment (ATE), printed circuit board assembly (PCA) and flat panel display (FPD) equipment. For more information, visit www.geelectronicsweb.com.

GE Capital Solutions (www.ge.com/capitalsolutions) provides leasing, lending and capital investment products and services to help business customers grow. It has over $100 billion in assets, serves more than a million clients around the world and is headquartered in Danbury, Connecticut.

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