Asia

Dave NissenCEO

Australia / New Zealand

3

'95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06

$29.0

Assets

ANZ: From Start-Up To #6

• #1 Non-Bank Financial Institution…

• …Meeting Full Range of Financial Needs…

• …With Innovative Products Delivering Value, Convenience and Flexibility

Average Annual Growth Rate 50% Since 2000

($ Billions)

$0.5

AVCO

4

ANZ: Credit Cards

'03 '04 '05 '06E

$1.2B$1.4B

$1.9B

Bankcard Assets

Loyalty

Low Rate

$.3B

5

ANZ: Mortgages77% Brand Awareness

Sponsorship

Distribution : 250 Branches

'03 '04 '05 '06E

$13B$15B

$18B

Assets

$0.4B

6

'99 '00 '01 '02 '03 '04 '05 '06E

Mortgages

GE Money New Zealand Growth StoryAssets

$3.0B

Building Diversified Portfolio

AVCO

Japan

8

Diversified Player in a Large Market

Asset Growth

‘94: Entered Japan Consumer Finance Market

‘98: Acquired ‘Lake’ Personal Loans

‘03: Acquired Card Business

’05: Growing Mortgage Platform

Background & Key Initiatives

'94 '98 '00 '02 '04 '05 '06E

$1.2

$8.9

18% CAGR18% CAGR18% CAGR18% CAGR18% CAGR18% CAGR18% CAGR18% CAGR

($ Billions)

9

Japan Environment

Strategic PrioritiesMarket Dynamics

• Evolve Personal Loan Model

• Continue to Drive Productivity(OPEX � 12% vs. ‘04)

• Use BD to Drive Scale

• Diversify GEM Mix … Grow Card & Mortgage

+ ~$4 Trillion Consumer Finance Market

+ Economy Growing (GDP � 2%)

+ Credit Friendly Consumers

– New Regulations Impacting Personal Loan Business:

– APR Cap ~ 18 - 20% (3 yr phase-in) …Certain Fees Will Be Allowed

– Increased Consumer Interest Refunds … Factored In ’06A

Changing Environment… Strong Long Term Prospects

10

Japan Personal Loans: LAKE Key Initiatives

•Invest in Automatic Lending Machine

- Refurbish/Relocate

- Upgrade Technology

•Pricing Initiatives

- Graduation Pricing

- Yield Optimization

'05 '06E

~6.6B

Receivables

Net RevenueMargin % 22%23%

$6.8B

•Continue to Drive Productivity

- Fewer Manned Branches

11

SegmentShare:

Growth in Japan Mortgage

Mortgage - Japan

’05

$1.6T

Mortgage Market

Rising Valuations

16% Non-Conforming

• Bank References for Near Prime, Niche Plays

• More GE Distribution… 3X Branches by ‘09

GE in 8 Bank Alliance(First in Japan)

2% 5%

70% CAGR70% CAGR

’06E

$6.0

$0.7$1.3

’07F ’10F

(Non-Conforming)

GE Assets

($ Billions)

Strong Growth In Non-conforming And Second Mortgage

Rest of Asia

13

Asia: China and IndiaMore in India

1. Branches (150+)

3. Expand SBI Cards Partnership

Refocusing Management Resources

1. More in China

3. Auto JV (’07)

2. Dual Cards

Wal-MartCard in ’06

Partnering in China

Shenzhen Development

Bank

2. Launch Wizard in India

’02 ’05 ’08F

$14B

$37B

$80BMortgage Market

33%

7% Share?

3MMCards

14

Asia: Emerging Markets Banking Philippines

Targeting $100MM Net Income In 5 Years

Thailand

GE Money Retail Bank

+

Bank of Ayudhya* (24%)

Consumerizethe Bank

• Lever GE Expertise on Auto, P-Loans & Mortgage

Taiwan

Simply Better Banking

• Cosmos Bank (10%)

• Keppel Bank (100%)

*Expected to Close January 2007

15

Asia: Growth through Partnerships Hyundai Auto - KoreaSBI Cards – India

• #2 Issuer… SBI #1 Bank in Assets… 51%+ Cards in Force vs ’05

Hyundai Card - KoreaASF - Indonesia

• Maintain 85% Auto Loan Segment Share

• #1 Auto Financier… Increase AstraSales Share

• Invest in Marketing for Growth… #1 in Web Share of Voice

Partnering With Market Leaders

16

• Japan Model Restructure

• LCC Targeting Japan, HK & Singapore

• Pan Asia Card Back Office

• LEAN!

Key Actions

’05 ’06E

G&A / CV

Total Asia: Simplification / Productivity

���� 90 bps90 bps90 bps90 bps���� 90 bps90 bps90 bps90 bps

28.2% 27.3%

17

'04 '05 '06E

'04 '05 '06E

Performing: Solid Growth

Asia is a strong growth opportunity for GE Money

$45.7 $47.2~$52.0

Assets ($B)

Net Income ($B)

• Strong double digit growth ex Japan

• Diversify Japan platform & reposition Lake business model

• Partner in new developing markets

• Pursue retail banking opportunities

• Continue to grow diversified portfolio in Australia

• Drive productivity across the region

$0.9$1.0 ~$1.0+

Asia